Today, "China Securities Journal" published an article "Expanding New Tracks and Entering the Field of Battery Energy Storage", reporting that Jinrong Tianyu will increase the layout of the battery energy storage field, including production line investment, R&D team expansion and sample development. And actively expand customers in the energy storage field, making battery energy storage products an important driving force for the company's future development.

Sun Xingwen, chairman of Jinrong Tianyu, recently said in an interview with a reporter from China Securities Journal that the company will increase the layout of the battery energy storage field, including production line investment, R&D team expansion and sample development, and actively expand customers in the energy storage field. Make battery energy storage products an important driving force for future company development.

Accurately grasp industry trends and customer needs

"The company focuses on the field of precision metal parts manufacturing, accurately grasps industry trends and customer needs, and continues to develop technology and management. Strong comprehensive competitive advantages, so as to achieve rapid growth in performance. The company entered the field of battery energy storage by investing in Shenzhen Youneng New Energy Technology Co., Ltd. and took it as a key investment project in the emerging field. "Sun Xingwen said, "The company will increase investment in the market development, technology research and development, production base and team building of user-side home energy storage products and distributed industrial and commercial energy storage products. "

According to Sun Xingwen, the company will build a small-scale production and R&D base for battery energy storage products in Suzhou Jinrong, and Nanxun Jinrong as a mass production base for the manufacture of battery energy storage products in the entire industry chain except cells, focusing on users Manufacturing of side home energy storage products and distributed industrial and commercial energy storage products.

As for user-side home energy storage products, Sun Xingwen said that due to the strong demand from users in overseas markets, the company will vigorously expand overseas markets with the help of its constantly improving global network factory location layout. For industrial and commercial energy storage products, the company will actively meet market demands in government public facilities, new energy vehicle charging stations and other fields.

Sun Xingwen said that the company adheres to manufacturing as the core, and builds electrical precision parts and automotive precision parts into an "integrated" business segment, and continues to deepen its cultivation to ensure the steady growth of its existing main business. At the same time, through the development of emerging fields, investment and acquisition of high-quality projects, etc., to expand the development space of the "two wings" new track, and further enhance the company's sustainable development capabilities.

Actively expand overseas business

According to Jinrong Tianyu's annual report, in 2021, the company will achieve a total operating income of 1.341 billion yuan, a year-on-year increase of 35.54%; the net profit attributable to shareholders of the listed company is 73.2127 million yuan, a year-on-year increase of 17.38%. Among them, electrical precision parts achieved operating income of 639 million yuan, a year-on-year increase of 53.84%; automotive precision parts achieved operating income of 465 million yuan, a year-on-year increase of 12.65%.

In terms of automotive precision parts, the company has developed new automotive customers such as Shanghai BASF, and expanded the matching share of European and American models, laying a solid foundation for the company's future sales growth. In terms of electrical precision parts, the company has obtained a total of 114 new types and 191 sets of new molds in the fields of low-voltage power distribution, industrial automation, energy storage, wind power generation, photovoltaic power generation and distributed energy. At the same time, the company closely follows the pace of Schneider OCP research and development, and acquires new categories of most of its precision metal parts.

As for overseas business expansion, Sun Xingwen said that the company has positioned itself as a high-end supporting facility, and has formed a domestic regional layout with Tianjin factory radiating around the Bohai Sea, Zhejiang factory radiating the Yangtze River Delta, Guangdong factory radiating the Pearl River Delta, Hubei factory radiating central China, and a Thailand factory. The overseas layout radiating Southeast Asia and Indian factories radiating the Indian market.

In addition to the layout of production bases and the international expansion of the market, the company also closely integrates cutting-edge technologies in developed regions, and continuously optimizes the supply chain system and management system to ensure that the company can continue to enhance its competitiveness and release market operation energy in a larger market space .

Continuously improve comprehensive competitiveness

Sun Xingwen said that after years of experience accumulation, the company has initially established a prevention and control system for the risk of fluctuations in raw material prices. On the one hand, the company mainly adopts the production and sales model based on sales, and purchases main raw materials in advance according to the orders in hand, so as to reduce the impact of price fluctuations of main raw materials on the company's operating performance; on the other hand, the company has agreed with major customers on product prices. Adjustment mechanism to adjust the sales price of products based on the open price of the raw material market.

"The company's main customers are the world's leading industry giants, and the two parties have formed a cooperative relationship of mutual trust and mutual support over the years. High-quality and stable customer resources can not only ensure the stability of the company's orders, but also enhance the company's ability to resist risks and support the company's sustainable development. At the same time, in the process of in-depth cooperation, the company continuously learns its advanced management, R&D and manufacturing experience, and promotes and applies it to other customers, laying a solid market foundation for sustainable and steady development in the future. "Sun Xingwen said.

Sun Xingwen emphasized that the main core customers have formed a high stickiness to the company, and the demand for cutting-edge technology research and development, new product synchronous trial production, etc. has further increased. In addition, core customers also have high demands on the company's product quality stability and the fit of the network factory layout. In the future, the company will further deepen the long-term and stable cooperative relationship between the two parties on the existing basis.

"2021 is the first year for the company to go public. As a listed company, we realize that the company's market value is important, but more importantly, it is a solid operation to ensure the advancement of product technology and the stability of product quality, so as to achieve steady improvement in performance. At the same time, the company will also actively reward investors and share the company's development results with investors through dividends and other means. "Sun Xingwen said.

In Sun Xingwen's view, landing in the capital market has opened up diversified financing channels for the company. The company will use the capital market to expand upstream and downstream through investment, mergers and acquisitions and other methods, so that the company can develop its main business stably in the long run. , the comprehensive competitiveness has been further improved.