China's energy storage battery distributor Ningde Times (300750.SZ) got the title of "King of Ning" for once having a total market value of more than one trillion yuan, and for that kind of a big-name star company in the field, its project investment books have also been suffering from concern. on April 22, Ningde Times announced the "special statement on the company's 2021 annual securities and derivatives transactions" in which it announced its 2021 stock market investment roster and profitability. and Derivatives Transactions of the Company", in which the 2021 stock market investment roster and profitability were announced. According to the announcement, Ningde Times owns nine stocks in 2021, totaling a profit of 3.89 billion yuan in the year.
This is not a small number. Data show that Ningde era 2021 the whole year net profit total amount of 15.931 billion yuan, which represents the Ningde era light stock earnings to dedicate about 1/4 of the profit. Then Ningde era are holding shares of what offer listed companies?
Among the nine stocks held by Ningde Times, two are vehicle body-in-white manufacturing companies, each of which is BAIC Blue Valley (600733.SH) and Xiaokang (601127.SH). There are five for its industry chain in the middle and lower reaches of the company, each for the pilot intelligence (300450.SZ), Tianhua super clean (300390.SZ), Hualian new material (688707.SH), Yongfu shares (300712.SZ) and nebula shares (300648.SZ). The other two are Australia's PilbaraMinerals and Australia's NEOLithium, which are also two overseas mineral resource stocks.
Among the nine stocks, Ningde Times holds more shares of Pilot Intelligence, with a purchase amount of 2.5 billion yuan in 2021, and the individual shares come from a "public offering". However, Ningde Times owns the pilot intelligent stock gain last year is not high, only 0.72 billion yuan.
Pilot Intelligence was founded in 2002, is said to be the world's only lithium battery at this stage with 100% independent IP of the entire line of weaponry manufacturers, can give the pouring machine, assembling and other key weaponry, and delivery of several large cylindrical whole line mass production solutions.
July last year, ningde era to participate in the pilot intelligent public offering, to 2.5 billion yuan price subscription shares, at this stage ningde era owns the pilot intelligent 7.15% equity, is the company's third controlling shareholder. Data show that Ningde Times 2021 to pilot intelligence to purchase more than 4.1 billion yuan of production equipment, is its first major customer. And pilot intelligence is collaborating with ningde era product development cylinder rechargeable battery production line, and the two will strengthen ningde era France production place of collaboration, discuss in other countries in eastern Europe, North America and southeast Asia to run factories matters.
Ningde Times' biggest long-term investment is Australia's Pilbara Minerals, which it owns at the beginning of 2021 for just 270 million yuan, with a book value of 2.87 billion yuan by the end of the period, nearly 10 times earnings.
Materials show that PilbaraMinerals is one of the larger hard rock lithium miners in Australia. Last year, ningde times according to wholly owned subsidiary subscription of Australia lithium mining company PilbaraMinerals enterprise 183 million preferred shares, accounting for about 8.5% of the total market value, into the back of a kind of third controlling shareholder. So far last year, lithium carbonate and other rechargeable battery raw materials due to supply shortage and high prices, so that PilbaraMinerals lithium pyroxene price hit a new record in the history of Knight, causing its stock price climbed, for Ningde era to create an expensive return on investment.
In addition, Ningde Times, which has been prospecting abroad, has also recovered more than 100 billion Hong Kong dollars in equity in Australian lithium company NeoLiquitiumCorp, turning it into a kind of third controlling shareholder behind it. However, NEOLithium is the only one of the nine stocks held by Ningde Times to make a profit loss, with a total **** loss of RMB 0.0174 billion in 2021.
Particularly noteworthy are the two body-in-white companies that look more particular among Ningde Times' holdings. At this stage, Ningde Times is the rechargeable battery distributor for almost all of China's automotive body-in-white companies, but it has further completed project investment positions in a number of body-in-white companies, with two automotive firms in the 2021 holdings roster, BAIC Blue Valley and Xiaokang Co.
Among them, BAIC Blue Valley's individual shares were acquired through a "public offering", with Ningde Times owning BAIC Blue Valley at the start of the year with a book value of CNY170 million, and then purchasing another CNY300 million in 2021, with a book value of CNY719 million at the end of the period, and a full-year profit of CNY244 million.
Materials show that BAIC Blue Valley announced in May last year directed to raise a total of 5.5 billion yuan, the offer price of 6.93 yuan / share, the offer target finally clear for 16. In which, Ningde Times was allocated a quota of 300 million yuan.
Beijing Automobile Blue Valley Group's new energy vehicle enterprises for the BAIC Electric Vehicle, and BAIC New Energy and Ningde Times has a relatively deep strategic cooperation agreement associated. Since 2012 to the present, Ningde era for BAIC electric vehicle group of several car series supply lithium battery core, in 2019, the two signed over five years of energy storage battery supply contract, the same year BAIC electric vehicle into Ningde era rechargeable battery user volume of the first customer.
But BAIC Electric Vehicle's sales volume in recent years has declined significantly. From the behavior of Ningde era last year to increase its stake in BAIC Blue Valley 300 million yuan, it is still long term fancy to BAIC Blue Valley. Now, Ningde era and BAIC Blue Valley in the level of power exchange is also relevant collaboration.
Ningde Times on Xiaokang shares of individual shares owned by the origin of the "transfer of state-owned assets". Ningde era today to buy Xiaokang shares amounted to 1.52 billion yuan, the end of the book value of 1.62 billion yuan, the current year's profit of 0.95 billion yuan.
Small Kang shares is the industry's rare early lock in Ningde era 5 years supply chain management of car companies, effectively inferred small Kang shares of individual shares ceded is likely to also be part of the contract. In September of last year, Xiaokang shares issued a news release saying that the enterprise holding company Chongqing Jinkang New Energy Vehicle Limited Liability Company signed a "five-year supply and demand linkage and capacity guarantee framework agreement" with Ningde Times.
Based on the agreement, Jinkang New Energy Technology will purchase energy storage battery goods from Ningde Times during the period from 2022 to 2026. The agreement promises that during the period, Jinkang new energy technology according to its own management decision, need to be at least 6 months in advance to the seller to request, together with each other to determine the next annual purchase of the total production, and according to the attached agreement to carry out the commitment. If the attached agreement is not signed at the beginning, the second year will be implemented in accordance with the 10GWh of the current year's quantitative outline with each other.
Ningde era also has four have other four stocks, respectively, Tianhua super clean, Hualian new material, Yongfu shares and nebula shares, they are all Ningde era on the middle and lower reaches of the company, and all of them have a cooperative relationship with Ningde era. The business process involves raw materials, power exchange and battery testing.
In which, Ningde Times and Yongfu shares, and its Nebula shares of the head office of the middle involved in related transactions, because Ningde Times management in the position of the company as executives. However, Ningde era in the financial report, the enterprise 2021 this year usually related transactions in line with the production and operation of the specific must, the price fair value, there will be no harm to the enterprise and the company's shareholders' rights and interests of the situation.
Yongfu shares are mainly for electric energy and electric power installation project investment, operation and maintenance services and other business processes. According to the new situation, Yongfu shares turned into the service provider of the first 4 EVOGO quick-change stations of Ningde Era. For Yongfu shares, Ningde era owns equity from "state-owned assets transfer", in the original owns 190 million yuan basically 2021 to buy 0.2 billion yuan, but long-term investment is only 0.0025 billion yuan.
Nebula shares, on the other hand, is mainly for lithium battery testing and other business processes. Back in January 2019, Nebula shares and Ningde Times signed the Framework Purchase Contract, the contract expired, the two renewed the Framework Purchase Contract, valid until December 31, 2024. Previously, Nebula shares released news that from August 7, 2021 to March 31, 2022, it signed purchase orders with Ningde Times and the holding company amounting to a total of RMB 289 million, accounting for 50.47% of the enterprise's 2020 main business income.
And Tianhua Superclean develops in antistatic clean technical goods, later slowly into medical equipment, lithium battery raw material business process. 2018, the company and Ningde Times and other enterprises together with the capital injection of the basic construction of Tianyi lithium industry, reasonable layout of lithium hydroxide runway. Ningde era in 2021 to buy the listed company 120 million yuan individual shares, the term of the profit of 270 million yuan, get the method of "public issue".
In the lithium battery material shortage under the big theme, Tianhua super net sales performance and stock prices rose sharply. Not long ago, Tianhua Chaoying announced the first quarter of 2022 performance forecast, the enterprise estimated reporting period of net profit of up to 1.6 billion yuan, a year-on-year growth rate of nearly 10 times, the net profit growth rate year-on-year growth rate is estimated to be more than 13 times. But from the stock price quotes, the enterprise since last September so far from 137 yuan kept sliding off. on April 25, Tianhua super net plate hit a 60-day low, closing at 50 yuan.
Hualian new material's main business is lithium battery raw material product research and development, manufacturing and marketing sales, key equipment for lithium cobalt cobalt acid battery, composite ternary, drive ternary and high manganese polycrystalline series products raw materials. Ningde era initial purchase of 0.77 billion yuan, the period of profit to 250 million yuan, the position from the "strategic placement". Hualian New Material has previously been the top distributor of Ningde Times, and Ningde Times is also a big customer of Hualian New Material. According to the company's performance forecast, it will be completed in 2021 to achieve profitability.