September 7, 2023 Zhuhai Guanyu (688772) announced that the company will hold an analyst meeting on September 5, 2023, UBS Securities, brilliance capital, PCCW, Shanghai Trust, Shanghai Bohong Assets, Shanghai Senjin Investment, Shanghai Yiyuan Assets, Shanghai Securities, Shanghai Bank Fund, Dongxing Fund, Northeast Proprietary, Kaiyuan Securities, Orient Securities, Dongzheng Asset Management, CITIC Construction Investment Fund, Zhonggeng Fund, BOC Securities Asset Management, Yunxi Private Placement, BOCOM Kanglian, BOCOM Wealth Management, PICC Assets, Xingquan Fund, Hong Kong Huili Fund, Pact Fund, Zhunjin Investment, Qinchen Assets, Huaxia Fund, Huatai Baoxing, Tongben Investment, Shanda Investment, Jiahe Fund, Harvest Fund, Guoxin Securities, AVIC Trust, Guojun Asset Management, Guojin Securities, Taiping Fund, Anxin Fund, Anbang Asset Management, Baoying Fund, Fuanda Fund, Shanthorn Investment, Shanxi Securities, Guangfa Fund, Guoshou Pension, Miyuan Investment, Bin Yuan Capital, Yinzhao Financial Management investment, Haoqing Asset, Yifangda Fund, Zhengxin Valley Capital, Bi Sheng Investment, Yongying Fund, Taiyang Asset, Dacheng Fund, Haichuan Huifu Asset, Yuan Lesheng, Yuan Feng Fund, Panjing Investment, Gathering Capital, Chunda Asset, Rongtong Fund, Western Profit Fund, Western Securities, Golden Eagle Fund, Ruiyuan Fund, Xin Yuan Fund, Changxin Fund, Whale Domain Asset Management, Hua 'an Fund, Allianz.

The details are as follows:

Q: Please describe the company's performance in the first half of 2023.

A: The Company disclosed its semi-annual report for 2023 on August 22, 2023. In the first half of 2023, the company achieved total operating income of 5,473.7238 million yuan, down 4.59 percent from the same period last year, and net profit attributable to shareholders of listed companies was 140.4584 million yuan, up 125.06 percent from the same period last year. The company's net profit increased significantly, mainly due to the rise in the exchange rate of the US dollar against the RMB, the decline in the market price of raw materials, the reduction of share payment expenses confirmed by the restricted stock incentive plan, and the continuous promotion of fine management to improve production and operation efficiency. Thank you!

Q: Please describe the progress of the company's repurchase.

A: as of August 31, 2023, the company has purchased 2,805,543 shares through centralized bidding through the trading system of Shanghai Stock Exchange, accounting for 0.2501 of 1,121,856,672 shares of the company's total share capital. The highest purchase price is 20.02 yuan/share, the lowest price is 16.50 yuan/share, and the total amount of funds paid is 50,065,635.81 yuan (excluding transaction costs). Thanks.

Q: What is the gross profit margin of the company's consumer business in 2022 and the first half of 2023?

A: In 2022, the company's consumer products will be 10,064.8797 million yuan, with a gross profit margin of 18.62, a year-on-year decrease of 6.74 percentage points; in the first half of 2023, the company's consumer products will achieve a main business income of 4,934.4979 million yuan, with a gross profit margin of 24.32, a year-on-year increase of 5.4 Percentage points. Thank you!

Q: How will the demand for consumer batteries change in the first half of this year?

A: Generally speaking, in the traditional consumer fields such as notebook computers and smart phones, the market scale of lithium-ion batteries is relatively stable. The complex external environment in 2022 will have varying degrees of impact on the supply, logistics and demand sides of the consumer electronics industry chain, and will have a significant adverse impact on the company's downstream demand in the short term. In the first quarter of this year, the demand of the consumer electronics industry continued to be sluggish, and the market competition was fierce. The market improved slightly in the second quarter. With the implementation of a series of economic measures to stabilize growth, downstream demand for consumer electronics will gradually recover. Thank you!

Q: What is the planning and current progress of the company's energy storage and power projects?

a: with the production line of power lithium ion battery with an annual output of 2.5GWh in Zhejiang guanyu battery co., ltd. put into operation in the first half of 2022, the total production capacity of power battery of the company will reach 3GWh/year. the company will promote the follow-up production and operation in an orderly manner according to the market situation and the demand of clients. In addition, Zhejiang also plans to build an annual output of 10GWh lithium-ion power battery, the project is currently under construction. Chongqing Guanyu Power Battery Co., Ltd. is expected to invest a total of 4 billion yuan to build 6 high-performance new lithium-ion battery intelligent production lines to form an annual production capacity of 15GWh high-performance new lithium-ion battery, which is still under preliminary planning. Investment in the construction of power battery production project in Deyang, the investment target is the first phase of 25GWh power battery production project, the total investment is not more than 10.3 billion yuan, the construction period is expected to be 42 months, the project is still in the early planning. Thank you!

Q: What is the current plan and progress of the company's power and energy storage business? What is the future layout?

Answer: The company is currently mainly engaged in the research and development, production and sales of consumer polymer soft-packed lithium-ion batteries, and continues to carry out strategic layout in the field of power and energy storage. In terms of power battery business, after intensive investment and deep cultivation in the early stage, the company's technical strength and development potential in low-voltage batteries for vehicles have been successively recognized by well-known domestic and foreign car companies such as GM, SAIC and Jaguar Land Rover, and have obtained fixed-point letters for several vehicle model projects. The maturity and stability of the products have been further verified by batch application in the market. In terms of energy storage battery business, the company has entered the supply chain system of well-known system integrators at home and abroad, such as ZTE, Sonnen and Nanwang Technology, and has begun to supply in bulk. Power battery and energy storage battery business development momentum is good.

in the future, on the basis of maintaining the industry leading position in the field of consumer polymer soft package lithium ion battery, the company will gradually expand the production capacity and enrich the product categories according to the power battery orders of the company's newly developed power customers and potential customers. through increasing research and development investment and technology iteration, the company will continuously improve the technical strength and product performance to increase the market competitiveness, through the transition of household energy storage and communication backup, industrial and commercial energy storage, automotive low-voltage start-stop battery business to grid-side energy storage, power generation-side energy storage business, and depending on market opportunities and the actual situation of the company's development, carefully grasp the automotive high-voltage battery business opportunities. Thank you!

Zhuhai Guanyu (688772) main business: consumer battery research and development, production and sales.

Zhuhai Guanyu 2023 reported that the company's main revenue was 5.474 billion yuan, down 4.59 percent from the same period last year. Net profit attributable to the parent was 0.14 billion yuan, up 125.06 percent from the same period last year. Deduction of non-net profit was 94.9337 million yuan, up 293.2 percent from the same period last year. Among them, in the second quarter of 2023, the company's single-quarter main revenue was 3.097 billion yuan, up 13.34 percent from the same period last year; non-net profit deducted in a single quarter was 0.261 billion yuan, up 2557.66 year on year. Debt ratio 67.11, investment income 2.6948 million yuan, financial expenses -24.0546 million yuan, gross profit margin 22.47.

the stock has been rated by 13 agencies in the last 90 days, with 11 buying ratings and 2 overweight ratings; the average institutional target price in the past 90 days is 25.55.

The following is detailed earnings forecast information:

Margin trading data show that the net outflow of financing of the stock in the past three months has 59.6758 million, and the financing balance has decreased; the net inflow of securities has 0.226 billion, and the balance of securities has increased.

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