China Securities battery theme Index important component stock - Funeng Technology (18.190, -0.20, -1.09%) announced on November 29, the company's controlling shareholders Hong Kong Funeng, YUWANG, KeithD.Kepler and Guangzhou Industrial control signed a cooperation agreement, in order to achieve Guangzhou Industrial control Group to become the company's controlling shareholder, Hong Kong Fu Neng, YUWANG and KeithD.Kepler plan to cooperate with the company to complete the fixed increase with Guangzhou Industrial Control as the specific issue object. Guangzhou Industrial Control intends to subscribe for the said private placement and acquire shares not exceeding 12% of the total share capital of the Company after the private placement.
As of the disclosure date of this announcement, the actual controllers of the Company are still YUWANG and KeithD.Kepler, and the controlling shareholder is Hong Kong Fu Neng. Guangzhou Industrial Control Group, Guangzhou Chuangxing and Guangzhou Industrial Control Capital are the seventh, eighth and ninth largest shareholders, with a combined stake of 9.18%.
Guangzhou Industrial Control Group and its concerted action behind the Guangzhou SASAC. If the fixed increase of 12% shares is successfully completed, the controlling shareholder of the company will be changed to Guangzhou Industrial Control Group, and the actual controller of the company will be changed to Guangzhou Municipal People's Government.
Hong Kong Funeng agrees that from the date of completion of this private placement issue to the date on which Guangzhou Industrial Control Group becomes the largest shareholder of the Company and exceeds the second largest shareholder and its concerted actors together hold more than 5 percentage points of the shares of the target Company or the date on which the completion of the private placement issue expires 60 months (whichever is earlier), Renounce the voting rights corresponding to not less than 5% of the company's shares held by it.
Guangzhou Industrial Control continues to increase the size of Funeng technology
It is understood that Guangzhou Industrial Control Group was established in 2019, focusing on emerging materials, core components, high-end equipment three major sectors, the current shareholders are Guangzhou Municipal People's Government and Guangdong Provincial Department of Finance, the shareholding ratio of 90% and 10%. In August this year, Guangzhou Industrial Control Group entered the world's top 500 for the first time, ranking 414.
Since the beginning of this year, Guangzhou Industrial Control Group has accelerated the pace of investment in Funeng Technology:
On February 1, Funeng Technology announced that Guangzhou Industrial Control Capital Management Co., Ltd. increased the shares of the listed company by 1.1671%, and after the completion of the increase, Guangzhou Industrial Control Capital Management Co., Ltd. and its concerted actions Guangzhou Industrial Control Group and Guangzhou Chuangxing collectively held 8.8493% of the total share capital of the listed company.
On August 2, Funeng Technology announced that on July 31, Hong Kong Funeng, the company's controlling shareholder, and Ganzhou Fuchuang, the company's actual controller YUWANG, KeithD.Kepler, and Guangzhou Industrial Control Group and Guangzhou Chuang Xing, which are controlled by the company, signed a share transfer agreement, transferring 5% of the shares held by Funeng Technology in the form of an agreement transfer. The above equity transfer price is 28.37 yuan per share, with a total transaction price of 1.728 billion yuan.
On the same day, Hong Kong Funeng, YUWANG and KeithD.Kepler jointly issued a Letter of Commitment on not seeking control Rights and a letter of Commitment to irrevocably renounce voting rights to Guangzhou Industrial Control Group. From the date of delivery of the underlying shares as agreed in the Share Transfer Agreement, it has respectively promised not to seek control of the company, and until the date of 60 months after the registration of the transfer of the underlying shares, or the date when Guangzhou Industrial Control Group and its controlling subjects become the largest shareholder of the Company and exceed 5% of the shares of the underlying company held by the second largest shareholder and its concerted actors. Hong Kong Funeng irrevocably renounces its voting rights corresponding to shares not less than 5% of the total share capital of Funeng Technology at that time.
"Soft pack power battery first share" Fu Neng technology
Public information shows that Funeng Technology was founded in 2009, is one of the world's ternary soft pack power battery leaders, is China's first batch of enterprises to achieve mass production of ternary soft pack power battery, known as the "first soft pack power battery".
The company's main business covers the research and development, production and sales of lithium-ion power batteries for new energy vehicles, vehicle battery systems and energy storage systems. Its main customers include Mercedes-Benz Group, GAC Group (9.540, -0.24, -2.45%), Turkey TOGG Group and so on.
In September last year, the company released a new platform, the SPS Super Pouch Solution. It is understood that SPS is a large soft package iteration platform, modular integration, integration of 75%, parts reduced by 50%, compatible with terpolymer, lithium iron, sodium batteries, graphite, silicon carbon, lithium metal and other material systems, energy density from 270 to 400Wh/kg, can meet 300-1000 km battery life, 10 minutes charging life of 400 km, Use full life cycle AI management to ensure safe operation.
In addition to soft-pack batteries, the company is also developing solid-state batteries and sodium-ion batteries.
According to reports, Funeng technology semi-solid state battery has been landed in a number of brand models. Its first generation of semi-solid products will be put into production in September 2022, the second generation will be put into production in 2025, the third generation is expected to be put into production in 2028, and the all-solid-state battery above 400Wh/kg is planned to be put into production in 2032.
At present, the energy density of the first generation of semi-solid state battery has reached 270-330Wh/kg, the second generation should reach 300-350Wh/kg, and the third generation should reach 330-375Wh/kg.
In addition, the sodium-ion batteries independently developed by Funeng Technology have the advantages of high energy density and strong low-temperature performance, and will be successively applied to the electric two-wheeled vehicles, passenger cars, energy storage and other markets in the future.
In terms of performance, in the first three quarters of this year, Funeng Technology achieved operating income of 11.23 billion yuan, an increase of 30.14%. But the net loss of 1.563 billion yuan widened sharply from a net loss of 277 million yuan a year earlier.
Known as the "king of ternary soft pack", Funeng Technology is a domestic manufacturer of soft pack power and energy storage batteries, and one of the first enterprises to achieve mass production of soft pack power batteries in China. One of the big customers is GAC Group.
Car First City is looking to turn around. The automobile is the largest industry in Guangzhou, but the "partial" is obvious - in terms of vehicle manufacturing, the automobile output ranks first, but the parts are concentrated in the low added value link. In 2022, the whole zero ratio of the automobile industry in Guangdong Province is 1:0.78, of which Guangzhou is only 1:0.35, and this figure can reach 1:1.7 in developed countries with the automobile industry.
At the latest Guangzhou Auto Show, established oil vehicle companies such as GAC Toyota and Dongfeng Nissan have launched electric vehicles. However, according to the interface Greater Bay Area, the core components of the battery are mostly used in the Ningde era (158.810, -2.84, -1.76%) rather than Guangzhou local brands.
Guangzhou Industrial Control as a state-owned enterprise reform and the establishment of the company, this move is to make up for the "partial" disadvantage. On November 16, Jing Guangjun, chairman of Guangzhou Industrial Control, said at the event that the main approach of Guangzhou Industrial Control is to combine the industrial layout of provinces and cities, follow the layout of Guangzhou automobile industry to strengthen the chain, take new energy auto parts in the core components as the main direction of force, and strive to achieve 100 billion yuan in the scale of new energy auto parts of the group in 2025.
Guangzhou Industrial Control under the chemical industry, steel, non-ferrous metals, auto parts, intelligent electrical and other ten business divisions. The group also has a number of enterprises related to the automotive industry chain, such as Guangzhou Guide New plastic mold for auto parts, Meridian tire Wanli Tire and so on. In the 2023 Fortune Global 500 list, Guangzhou Industrial Control was listed with an operating income of 36.588.5 million US dollars, ranking 414th on the list.
[Special note: One-click includes power battery + energy storage battery, look for battery 50ETF (159796)]
Battery 50ETF (159796) closely tracks the CSI battery theme index. The CSI Battery Theme Index selects securities of listed companies whose business involves power batteries, energy storage batteries, consumer electronics batteries and the upstream and downstream of the related industrial chain from the Shanghai and Shenzhen markets as index samples to reflect the overall performance of the securities of listed companies with battery theme. According to Wind data, Funeng Technology's latest weight accounted for 1.77%.
Battery 50ETF (159796) The recent market level continued to weaken, down 0.87% today, trading more than 20 million yuan, a new low in the near future. From the perspective of valuation, the latest price-earnings ratio (PE-TTM) of the China Securities Battery Theme Index tracked by the Battery 50ETF (159796) is only 19.29 times, and the valuation quince since its listing in 2015 is 0, which is at the lowest level in history! In the last 20 days, the battery 50ETF (159,796) received a net inflow of funds on 12 days, with a total of 31.66 million yuan.
The agency said that in the context of the great development of electric vehicles, electric light vehicles, power tools, consumer electronics and new energy storage industries, the comprehensive advantages of lithium batteries are in line with the increasing demand for large capacity, high power, service life and environmental protection in the downstream field, and there is a broad market application prospect. In the field of consumption, in recent years, with the improvement of the national economic level and residents' consumption power, China's demand for consumer electronic products continues to expand, which lays a solid application foundation for the development of the consumer lithium battery industry. In the field of power, new energy vehicles, as one of the strategic emerging industries, shoulder the heavy responsibility of leading the transformation and upgrading of the automobile industry. In recent years, under the strong support of relevant national industrial policies and the impetus of consumer demand, China's new energy (4.040, -0.07, -1.70%) automobile has developed rapidly, and the scale of production and marketing has expanded rapidly. It provides development opportunities for the power lithium battery industry.
The data shows that as of October 31, 2023, China Securities battery theme index (931719) the top ten weight stocks were Ningde Times (300750), Sunshine power (80.050, -2.38, -2.89%) (300274), Sanhua Intelligent control (27.810, -0.94), -3.27%) (002050), Yiwei Lithium Energy (40.430, -0.55, -1.34%) (300014), Njie Shares (56.920, -0.70, -1.21%) (002812), Grem (5.510, -0.06, -1.08%) (002340), Lead Intelligence (25.100, -0.39, -1.53%) (300450), Tianci Materials (23.090, -0.16, -0.69%) (002709), China Bao 'an (11.630, -0.05, -0.43%) (000009), New Zhou Bang (45.100, 0.45, 1.01%) (300037), the top ten weighting stocks accounted for 50.71%.
Battery 50ETF (159796), OTC connection (Class A: 012862; Class C: 012863).
Risk Warning: Any information in this article, including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc., is for reference only, and investors shall be responsible for any investment behavior of their own decision. In addition, any opinion, analysis and prediction in this article do not constitute any form of investment advice to the readers, and the Company does not assume any responsibility for direct or indirect losses arising from the use of the content of this article. The Battery 50ETF is a Medium risk (R3) product and is suitable for investors with a balanced (C3) or higher risk rating as measured by their clients. The underlying index is not fully representative of the entire stock market. The average return of the stocks in the underlying index may diverge from the average return of the stock market as a whole. Fund investment is risky, and the past performance of the fund is not indicative of its future performance. Investors are asked to pay attention to the risks of index investment and concentrated investment in the underlying index stocks holding risks, please pay attention to some index stocks with a large weight and high concentration of risks, please pay attention to the risks of index investment, ETF operation risks, specific risks of investing in specific varieties, and risks of participating in the lending business of refinancing securities.
