Judging from the content of the announcement, 31 companies achieved profits and 4 companies were at a loss; 22 companies had an expected increase in profits, and 13 companies had a decrease in profits. The proportion of expected increases exceeded 60%. The overall performance is

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Polaris Energy Storage Network News: According to statistics, there are currently a total of 55 A-share companies with energy storage business. As of February 19, 2020, there are a total of 35 Relevant listed companies have released their 2019 performance forecasts. Judging from the content of the announcement, 31 companies achieved profits and 4 companies were at a loss; 22 companies had an expected increase in profits, and 13 companies had a decrease in profits. The proportion of expected increases exceeded 60%. The overall performance is still very resilient.

Among them, CATL is expected to achieve a profit of 4.064 billion to 4.911 billion yuan, ranking first; 00 million Wei Lithium Energy is expected to achieve a net profit of 1.455 to 1.627 billion yuan, Sungrow is expected to achieve a net profit of 850 to 930 million yuan, Xinwang Da is expected to achieve a net profit of 737 to 911 million yuan, and Risheng Oriental is expected to achieve a net profit of 970 million to 1.04 billion yuan, which is also eye-catching.

On the other hand, some people are happy and some are sad, and industry companies are obviously divided. INVT, Midu Energy, and Jiawei New Energy still suffer significant losses. Although ST Lion and Jian Rui Wo Energy have achieved a turnaround, it remains to be seen whether future business development is sustainable.

Energy storage is still in the cultivation stage on the eve of commercialization. Although the energy storage business currently accounts for a low proportion of the business of listed companies, the profitability of the parent company determines its future expansion and development in the energy storage sector to a certain extent. Directions are provided for readers’ reference.

Power batteries are always strong and new forces should not be underestimated.

Whether in China or globally, power batteries are on the eve of a drastic change.

According to the 2019 China Power Battery Installed Capacity Data released by the Research Department of China Power Battery Application Branch, China's power battery installed capacity in 2019 was approximately 62.2 GWh. CATL continued to win the 2019 global power battery shipments championship, completing its "three consecutive championships." Among them, the domestic market share of CATL accounts for more than 50%, and the combined market share of CATL and BYD is close to 70%, and the oligopoly trend is intensifying.

Compared with 2018, the top four companies in China's power battery industry have not changed, namely CATL , BYD , Guoxuan Hi-Tech and Lishen. Compared with the industry growth rate of 9.3%, CATL's installed capacity increased by 39.8% year-on-year. In comparison, BYD and Guoxuan Hi-Tech, which ranked second and third, had a more difficult time.

At present, the entire power battery industry has overcapacity, but high-quality production capacity is still scarce. In the past year or so, production expansion has still become the main theme of leading companies. Among them, Ningde Times 's own production capacity is expected to be 41GWh in 2019. Including joint ventures, it will reach more than 46GWh. In 2020, its own production capacity will reach 55GWh. Including joint ventures, there will be 75GWh, and the self-owned production capacity is expected to reach 60GWh in 2021, and the total subsequent production capacity is estimated to be around 184GWh; BYD has a production capacity of 40GWh in 2019 and will reach 60GWh in 2020, with a total planned production capacity of more than 100GWh; at the same time , Yiwei Lithium Energy and Xinwangda are also going against the trend with their better financial conditions, and their total planned production capacity exceeds 50GWh.

According to statistics from the Gaogong Industrial Research Lithium Battery Research Institute (GGII), as of the end of 2019, China’s energy storage lithium battery shipments were 3.8GWh, a year-on-year increase of 26.7%. Among them, domestic shipments were 0.7GWh, and total exports were 3.1GWh. Compared with power batteries, energy storage batteries still occupy a relatively small proportion.

Lithium battery energy storage is closely related to the development of electric vehicles. In the past few years, the rapid development of electric vehicles has driven the price of energy storage batteries to continue to fall. With the entry of foreign capital and the expansion of advanced production capacity, leading companies will accelerate the liquidation of backward production capacity by virtue of their own technology and scale advantages. Companies with poor comprehensive strength and cash flow will be eliminated first.

After several years of vigorous development, the Matthew Effect in the global power battery market has become increasingly obvious, and the strong are always strong. For most power battery companies, if they do not have a competitive advantage in power batteries, it will naturally be difficult for them to gain a foothold in the energy storage industry. With the battery system accounting for more than 60% of the cost of the energy storage system, only companies with strong technical capabilities and leading cost control can launch an impact on CATL and BYD in the field of energy storage.

Advantages and Disadvantages of Photovoltaic Enterprises in Energy Storage Business

The combination of renewable energy and energy storage is the general trend. Whether it is an inconspicuous household photovoltaic or an endless large-scale wind power photovoltaic power station, the future will require the cooperation of energy storage. further.

This is the original driving force for new energy companies to develop energy storage business. The "photovoltaic army" composed of inverters , components, and developers is becoming a beautiful "landscape" in the energy storage market. Among them, the inverter company is the largest, and almost all inverter companies are involved in the energy storage field.

What these large and small companies want to share and compete for is an energy storage market with a very small base but rapid growth. Some people in the industry believe that photovoltaic companies have natural advantages in expanding their energy storage business, but they also have many shortcomings that need to be upgraded urgently.

Advantages:

After more than ten years of growth, the photovoltaic industry has experienced several major reshuffles and big waves. Enterprises have better psychological quality when facing uncertain markets and policies.

Due to the volatility of photovoltaic power generation, switching to energy storage is very consistent with its original business. In the new energy market, photovoltaic companies have a very good foundation with customers, brands, reputation, and mature marketing channels. .

Disadvantages:

At present, many photovoltaic companies are passively transforming. Usually their own business has encountered bottlenecks and it is difficult to maintain the status quo. They are more willing to take risks, and may be more gambling. Compared with the energy storage industry, photovoltaic has a lower threshold and can easily reduce costs quickly through the advantages of scale. However, energy storage involves many layers and is more professional. The current technical route may not be the final route. Inverter companies are familiar with power electronics, but most photovoltaic companies have little understanding of battery characteristics. How to make good use of batteries to achieve high safety, high efficiency, and low cost still faces considerable challenges.

At present, battery, PCS, and photovoltaic companies are both competing and cooperating with each other. Almost all companies involved in energy storage are moving in the direction of system integration, both to test the waters and to find out the bottom line. The commercialization of energy storage is still in a difficult climbing stage. How it develops in the future will test the wisdom of business operators.

(Note: Among the 55 A-share energy storage-related listed companies, 20 have not disclosed their 2019 performance forecasts)

Original title: 35 energy storage concept stocks released their 2019 performance forecasts. Who will win in the future?

Disclaimer: The above content is reproduced from Polaris Electric Power News Network. The content published does not represent the position of this platform.

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