On April 28th, Contemporary Ampere Technology Co., Ltd. announced its first quarter results in 2020. During the reporting period, Contemporary Ampere Technology Co., Ltd. achieved revenue of 9.0365438 billion yuan, down 9.53% year-on-year. The net profit attributable to shareholders of listed companies was 742 million yuan, a year-on-year decrease of 29.65438+04%; The net profit after deducting non-recurring gains and losses was 428 million yuan, down 53.24% year-on-year.
The installed capacity has dropped by 50%, and the gross profit margin is at risk of decline.
For the decline in operating income and profit, Contemporary Ampere Technology Co., Ltd. said that this was mainly due to the impact of the novel coronavirus epidemic and the market, and the installed capacity of new energy vehicles dropped sharply, which led to the decline in the company's sales revenue of power batteries in the first quarter, and the net profit attributable to shareholders of listed companies decreased compared with the previous year.
In the first quarter of 2020, the installed capacity of Contemporary Ampere Technology Co., Ltd. was 2.80GWh, a year-on-year decrease of 48.6%. According to the statistics of China Automobile Industry Association, in the first quarter of 2020, the sales volume of new energy vehicles in China was 1 14000, down 56.4% year-on-year. Geely and BAIC, the main suppliers of Contemporary Ampere Technology Co., Ltd., are also affected, resulting in the shrinking demand for power batteries of Contemporary Ampere Technology Co., Ltd.
In addition, Contemporary Ampere Technology Co., Ltd. warned in the report that the gross profit margin further reduced the risk. According to public data, the gross profit margin of the main business of Contemporary Ampere Technology Co., Ltd. has been declining since it reached the peak of 44.05% in 20 16. Its gross profit rate dropped to 29.06% in 20 19, which was 5.4 percentage points lower than 34. 10% in 20 18.
In this regard, contemporary Ampere Technology Co., Ltd. gave some countermeasures in the financial report, saying that it will strengthen its investment in R&D in the future to achieve a higher degree of automation and lower unit production costs. It will also actively expand industrial chain cooperation, enhance the company's integration advantages, and thus control the supply cost of upstream materials.
Market competition has intensified and it has indicated that it will cooperate with Tesla.
In the financial report, Contemporary Ampere Technology Co., Ltd. also said that its future business development will face certain risks of intensified market competition.
In the first quarter of 2020, although contemporary Amperex Technology Co., Ltd. still occupies the position of the largest cargo capacity of domestic battery enterprises, its market share of 49. 1% in the first quarter decreased compared with 54.7% in 20 19.
At the same time, driven by the explosive growth of Tesla, the installed capacity of LG Chem, which supplies power batteries for Tesla, surged 10934.3% in the first quarter. Among them, LG Chem's installed capacity in March was 526MWh, ranking from the fourth place in February to the third place. In the future, as Tesla invests more models in China, its installed capacity may further increase.
65438+1On October 29th, elon musk, CEO of Tesla, revealed in the conference call of Tesla's earnings report that Tesla would increase Contemporary Amperex Technology Co., Limited as a battery supplier. On February 3rd, Contemporary Ampere Technology Co., Ltd. also indicated that it will supply lithium-ion power battery products to Tesla in the future.
However, at present, the two sides have not further disclosed the details of cooperation. Tesla said that the cooperation will be announced in the "Battery Day" held in April, but due to the epidemic, the "Battery Day" has been postponed to May.
Regarding the intensification of market competition, Contemporary Ampere Technology Co., Ltd. said that the company regards continuous R&D investment as an important measure to maintain the company's core competitiveness and further promote long-term business development.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.