Recently, Great Power Energy (300438.SZ), a leading energy storage battery company, pointed out in the investor telephone exchange that the company, as one of the earliest lithium battery companies involved in the energy storage industry, has increased its energy storage sales year by year. The revenue ratio is 18%, which has increased to 31% by 2021. By the first half of 2022, the revenue ratio has reached 50%. The long-term planning energy storage battery business accounts for more than 80%.

In terms of the company's products, Great Power Energy said that the company is currently focusing on lithium iron phosphate and sodium-ion batteries. At present, three teams are working on the research and development of sodium-ion batteries, including layered oxides, polyanion systems and other cathode routes. The company's sodium-ion battery products have excellent performance. It is hoped that upstream materials and sodium-ion batteries can be mass-produced next year.

In terms of production capacity planning, Great Power Energy said that the company is currently raising funds by issuing shares to specific objects to support the company's project construction, which is mainly used for the production capacity construction of Liuzhou base and Quzhou base, and the company will further expand the scale of production capacity in the future.

It is understood that the Liuzhou base has a capacity of 5.5GWH under construction this year, and the first phase of the new plant has been capped, and it is planned to be completed and put into operation by the end of this year. The first and second phases of the Quzhou Base will build energy storage battery projects with an annual output of 5GWh, and the third phase of the project will build a 10GWh energy storage battery project with a planned total investment of about 6 billion.

In terms of energy storage customers, Great Power Energy said that the company's products can be exported to major global energy storage markets such as Europe, Australia, and North America, and the company is constantly exploring the energy storage market. At present, the company's storage and portable energy storage customers include Sungrow, Airo, Sanjing, etc., large-scale energy storage customers include Sungrow, Three Gorges Power, CECEP, etc., and communication energy storage customers include China Tower, China Mobile, etc.

In addition, although the natural gas market in Europe has fluctuated a lot recently, and the electric energy intervention policy has recently been introduced, Great Power Energy said that it does not affect the demand of European customers for household storage. At present, customers have a very strong demand for the company's overseas household energy storage battery products. .

In terms of company profitability, in 2021, Great Power Energy will achieve revenue of 5.693 billion yuan, a year-on-year increase of 56.3%; net profit of 182 million yuan, a year-on-year increase of 242.93%; deducted non-net profit of 137 million yuan, a year-on-year increase of 3472.13%.

In the first half of 2022, Great Power Energy achieved revenue of 4.065 billion yuan, a year-on-year increase of 65.58%; net profit of 244 million yuan, a year-on-year increase of 105.95%, deducted non-net profit of 249 million yuan, a year-on-year increase of 137.90%.

In terms of industry rankings, according to statistics from the Zhongguancun Energy Storage Industry Technology Alliance (CNESA), in 2021, Great Power Energy will rank No. 1 among the top 10 Chinese companies in the global shipments of energy storage batteries (excluding base stations and data center backup batteries). 2. In addition, it ranked fourth in the ranking of TOP10 energy storage technology providers in terms of newly commissioned installed capacity in China.