According to the news of the Ningde Times website on the 15th, Zhang Yujie, honorary chairman of NINGDE Times, died on February 14, 2022 at the age of 79 due to ineffective medical treatment.
Photo / Ningde Times official website
Dr. Zhang Yujie, born in 1943, is from Tai'an City, Shandong Province. He graduated from National Taiwan University with a bachelor's degree in 1965 and graduated from the University of Notre Dame in 1973 with a doctorate. After graduating, he worked in for The Ford Motor Company, IBM Corporation and Connect Peripheral in the United States, engaged in engineering research and development and management work.
In 1994, he resolutely gave up the superior conditions of the United States and joined Hong Kong's ST Industrial Co., Ltd. (SAE).
In 2007, he joined Hong Kong New Energy Technology Co., Ltd. (ATL) as Vice Chairman and Chairman successively.
In 2011, the ATL power battery R&D department was independent and CATL New Energy Technology Co., Ltd. (CATL) was established.
Since 2017, he has served as the honorary chairman of CATL.
In March 2008, Zhang Yujie and others decided to invest in Ningde and support the economic development of Ningde. With the strong support of the municipal party committee and the municipal government, Hong Kong New Energy Technology Co., Ltd. invested in Ningde to set up a wholly-owned subsidiary, Ningde New Energy Technology Co., Ltd., which mainly produces consumer polymer lithium-ion batteries.
According to Ningde Network, in January 2019, the Ningde Municipal Party Committee and Municipal Government awarded Zhang Yujie the title of "Honorary Citizen of Ningde City". Guo Xiwen, then secretary of the Ningde Municipal Party Committee, attended and spoke, saying that Zhang Yujie "has made outstanding contributions to the economic and social development of Ningde". In an interview in February 2019, Zhang Yujie said: "This is the first time I have received the title of honorary citizen, and I am very happy and proud. ”
According to the Mindong Daily, Zhang Yujie's ancestral home is Tai'an, Shandong, born in 1943 in Hubei, grew up in Taiwan, studied, and then went to the United States to study and work, and began to work in Hong Kong, Dongguan, Ningde and other places in 1994. Having lived and worked in various places for decades, he described himself as "a leaf of many roots." Zhang Yujie said: "Chinese talk about returning to the roots of fallen leaves, it is probably to return to my hometown, but I can no longer use the ancient concept to define my 'roots' and my hometown, as long as there are many memories, many friends who can come and go, it is my hometown." ”
The obituary concludes by saying that Zhang Yujie has learned from both China and the West, has a global strategic vision, has a thorough understanding of science and technology, and adheres to the concept that colleagues are family, and has cultivated a large number of talents for enterprises and society. For ten years, from the blue wisp of the road to the climbing of the peak, he has always fought side by side with CATL, witnessing one transcendence and victory after another.
According to the public information on the official website of CATL Times New Energy Technology Co., Ltd., in 1999, the founding team founded ATL to build it into a global leading enterprise in the field of lithium-ion batteries in consumer electronics.
In 2011, the founding team started a second venture and founded CATL, and in 2018, CATL was listed on the Shenzhen Stock Exchange.
According to the 2021 performance forecast disclosed by CATL on January 28, it is expected to achieve a net profit of 14 billion to 16.5 billion yuan, an increase of 150.75%-195.52% year-on-year; it is expected to achieve a non-net profit of 12 billion to 14 billion yuan, an increase of 181.38% -228.28% year-on-year.
According to this forecast announcement combined with the financial report of THE first three quarters of CATL, the net profit of CATL Q4 is expected to reach 6.249 billion yuan - 8.749 billion yuan. The net profit in a single quarter exceeded 6 billion yuan, and the Ningde era showed a super gold absorption ability.
CATL said that the reason for the performance growth is mainly due to the increase in the penetration rate of the new energy vehicle and energy storage market in 2021, which will drive the growth of battery sales; the company's market development has made progress, the release of new production capacity, and the corresponding increase in production and sales; the company has strengthened cost control and reduced the proportion of expenses to revenue.
According to the data of China Automotive Power Battery Industry Innovation Alliance, in 2021, the installed capacity of power batteries in the Ningde era will be 80.51GWh, with a market share of 52.1%, and continue to rank first in the domestic power battery industry.
THE NINGDE era has only been established for a decade, but it has rapidly grown into the world's first battery company. In terms of global markets, data released by SNE Research, a South Korean market research institute, shows that in 2021, CATL won the global battery installed capacity champion for the fifth consecutive year, with a global market share of 32.6%, far exceeding LG New Energy, Panasonic and other overseas companies, and the second place LG Energy had a market share of 20.3%. The two head enterprises are in a period of rapid growth, but the growth rate of the Ningde era is faster, and the leading position in the industry is further highlighted. It has led the global battery industry for five consecutive years.
For the development prospects of the Ningde era, most securities companies are also optimistic.
CITIC Securities believes that the fundamentals of the CATL era are still strong, and the leading position is expected to be maintained; at the same time, it is expected that the global demand for power batteries will still rise sharply in 2022; in the field of technology, CATL has successively released structural innovation technologies such as CTP, CTC, A+B, as well as new technology solutions such as sodium-ion batteries and power exchanges, which will continue to lead the development of the industry.
Soochow Securities also pointed out that the demand certainty in 2022 is strong, the share of the Ningde era continues to rise, and the elasticity far exceeds that of overseas battery companies. Considering that 2022 is still a big year for global electric vehicle sales, superimposed energy storage continues to grow significantly, Soochow Securities expects that the global demand for power + energy storage batteries in 2022 will be 700-800GWh, an increase of 70% + year-on-year, and it is expected that the overall shipment volume of the Ningde era is expected to reach 300GWh, of which energy storage 50GWh and power 250GWh continue to double the growth, and the global installed market share will further increase to 35% +, and the growth elasticity is far more than overseas battery companies.
Soochow Securities also pointed out that Ningde's cost advantage has existed for a long time, and its profitability is extremely strong, and its profitability is expected to be maintained in 2022. CATL 2021Q4 performance forecast attributable to the median net profit of the mother increased by 130% to exceed market expectations, in the case of accelerated depreciation, still has super profitability, not only from locking raw materials in advance and having a certain low-price raw material inventory, more from the super supply chain management capabilities, large-scale production and continuous technological progress.
However, in the previous week, a series of market rumors had an impact on the stock price trend after the opening of the Tiger Year of the Ningde Era, and in 5 trading days, the stock price of the Ningde Era fell in 4 trading days, with a cumulative decline of 17.32% in a single week.
After continuous adjustment, the stock price of CATL recovered the 500 yuan mark on February 14, and continued to rebound today (February 15), up 3.74% as of the close, closing at 527 yuan / share.
The article NetEase Finance is synthesized from: ningde times official website, 21st century business herald, upstream news, ningde network, Mindong daily, etc