On April 20, Guangdong Liyuanheng Intelligent Equipment Co., Ltd. (hereinafter referred to as "Liyuanheng") released its 2023 annual report, during the reporting period, it achieved operating income of 4.994 billion yuan, a year-on-year increase of 18.81%, a net loss attributable to shareholders of listed companies of 188 million yuan, a year-on-year profit to loss, a net loss attributable to shareholders of listed companies after deducting non-recurring gains and losses of 195 million yuan, a year-on-year profit to loss, and a basic loss per share of 1.7 yuan/share.
The company is mainly engaged in the research and development, production and sales of high-end intelligent manufacturing equipment, mainly providing smart factory solutions for enterprises in the field of new energy (lithium battery, photovoltaic, hydrogen energy), and is one of the leading enterprises in the global lithium battery manufacturing equipment industry, and is committed to becoming the world's leading lithium battery and pan-semiconductor equipment leader.
01
The revenue in 2023 will be 4.994 billion yuan
The net loss was 188 million yuan
Li Yuanheng's latest annual report shows that during the reporting period, the company will achieve operating income of 4.994 billion yuan in 2023, an increase of 18.81% over the same period last year. The net profit loss attributable to shareholders of the listed company was about 188 million yuan, and the basic earnings per share loss was 1.7 yuan.
Li Yuanheng's analysis believes that in 2023, the company will face many challenges such as the continuous adjustment of the overall domestic economic structure, the complex and changeable new energy market environment, and the escalating competitive situation, with a slowdown in business growth and a loss in operating performance.
Due to the fact that the acceptance progress of overseas projects is not as expected, the increase in the proportion of power lithium battery equipment business leads to a decrease in gross sales margin, the high management expenses such as personnel remuneration and benefits, depreciation and amortization, and the loss provision for inventory decline and the long credit period of power lithium battery customers in the execution of some projects in the power lithium battery business, the large amount of credit impairment losses resulting in the company's losses in the reporting period.
In addition, in 2023, the company will adjust its business strategy and optimize management and operation in a timely manner in combination with changes in the market environment, actively expand overseas markets, orderly layout of photovoltaic equipment, dig deep into the business of power lithium battery and consumer lithium battery equipment, deeply cultivate key key customers, and focus on the launch of market-competitive intelligent warehousing and logistics lines, battery cell assembly lines, coating machines, chemical capacity machines and other power and consumer lithium battery whole lines and special machine equipment, so as to minimize the adverse impact of the industry cycle downturn and operating losses.
02
The layout of photovoltaic equipment has begun to take shape
Overseas markets continue to make efforts
In 2023, the company will continue to increase the resource investment in the automatic production lines of mechanical processing such as monocrystalline silicon rods, slices, and squares in the front section of photovoltaics, as well as equipment such as photovoltaic intelligent warehousing, and has successively obtained customer orders. The delivery of equipment for related photovoltaic projects is progressing smoothly, and some of the equipment has been accepted by customers, which has won a good reputation for the company's in-depth expansion in the field of photovoltaic equipment.
The company closely focuses on the R&D layout of the core equipment of the photovoltaic heterojunction line, focusing on the research and development of PECVD equipment. The company actively carries out technological innovation, establishes in-depth cooperative relations with leading photovoltaic enterprises, signs in-depth strategic cooperation framework memorandum or technology development agreements with Anhui Huasheng, Shanghai Tairui, etc., and carries out in-depth cooperation in photovoltaic (heterojunction, perovskite), energy storage and other fields, helping the company to carry out the research and development of photovoltaic vacuum process technology and core equipment smoothly.
In 2023, the company will actively deploy overseas markets, and the scale of overseas equipment delivery and order scale will reach a new high. At the beginning of the year, the company set up wholly-owned subsidiaries in South Korea and Japan, and set up offices in Thailand and India to expand its marketing efforts in Asia, and successfully obtained orders for South Korea's SKOn high-speed module line, Envision AESC Anglo-French project, India's Mahindra module line, etc., and maintained frequent technical program exchanges with other customers in Japan, South Korea, India and Thailand.
In Europe and the United States, the equipment delivered by the company for strategic customers has been put into use one after another, including the company's first battery cell module line exported to the United States to complete the delivery of the whole line, the first battery pack production line of NOTION in Silicon Valley, which was independently undertaken by the company, and the module line of the company's BYD base in Hungary has also been successfully rolled off the assembly line and passed the audit of end customers, etc., these milestone projects have won wide praise for the company in overseas markets.
At the same time, the company actively participates in the International Smart Energy Week in Japan, the Battery Show in Seoul, South Korea, and the European Battery Show in Stuttgart, Germany, etc., so that the global new energy industry people can have a close understanding of the company and the competitive lithium battery/energy storage line solutions provided by the company, which enhances the company's popularity in the global new energy industry and lays a good foundation for overseas market development in 2024.
03
R&D and innovation to maintain technological leadership
Meet the ongoing needs of our customers
The company takes "technology and hard work" as the pursuit of innovation, relying on the company's R&D system pyramid, continues to achieve technological breakthroughs, and has established seven core technology systems composed of intelligent perception technology, control technology, execution technology, digital technology, laser application technology, intelligent storage technology and vacuum technology.
At the same time, the company conducts in-depth research on customer product technology, gives full play to its own technical advantages, improves its scientific and technological innovation capabilities, combines platform technology with customers' processes, fully realizes product digitalization and intelligence, empowers R&D innovation, technology iteration, and continuously develops products that meet the continuous needs of customers.
In terms of blade batteries, the company has launched 170M/min ultra-high-speed laser die-cutting machine, laser drying technology in the coating section, 0.1s/piece high-speed thermal composite lamination machine, Busbar laser flight welding, high automation rate module PACK line and other technical equipment to achieve the perfect combination of cost reduction and efficiency increase with safety and stability;
In terms of 46 series cylindrical batteries, the company has two solutions: cylindrical battery pilot line solutions and linear and turret assembly section high-speed lines;
In terms of digital solutions for the lithium battery industry, the company has proposed Anemone Intelligent Manufacturing, which helps lithium battery enterprises improve their comprehensive operation indicators through two major solutions: data governance and application management;
In terms of photovoltaic equipment, the company has formed a photovoltaic integrated intelligent manufacturing whole plant solution, which can improve the automation and intelligence of production lines and the digital empowerment and upgrading of warehousing and logistics for photovoltaic enterprises.
At the same time, the company signed a co-construction agreement with China Hydrogen Technology Co., Ltd. on the "National Energy Fuel Cell R&D Center" to further deploy fuel cell intelligent manufacturing, and worked with Huawei to facilitate the in-depth application of RFID technology in the fields of smart factories and smart warehousing and logistics, and jointly released the EPIOTRFID logistics solution with Huawei. In terms of domestic substitution, the company continues to launch self-developed products, such as ultrasonic, AGV, linear modules, etc., to help customers reduce production costs, optimize and improve production processes.
04
Promote the global layout of business
Enhance the company's comprehensive competitiveness
The company is firmly engaged in the intelligent manufacturing equipment industry, constantly develops the application fields of its main business, continues to promote the global layout of its business, and provides highly competitive products and services for leading enterprises. Relying on the pyramid of the company's R&D system, it has made breakthroughs from lithium battery products to photovoltaics, hydrogen energy and pan-semiconductor products horizontally, and vertically extended from low barriers to high barriers, non-standard to standard machines, automation to process machines, and micron precision to nano precision, entering the era of pan-vacuum and forming the company's second growth curve.
In 2024, the company will continue to deepen the high-end equipment industry and insist on building core products. On the basis of consolidating the technology of lithium battery manufacturing equipment, innovation and epitaxy will be carried out, seize the development opportunity of energy storage batteries, cylindrical batteries and blade batteries, maintain close technical exchanges and business cooperation with customers in consumer lithium batteries, auto parts and other industries, expand the application fields of intelligent warehousing and mobile robots, and seek breakthroughs in the fields of photovoltaics, hydrogen energy and pan-semiconductor products.
The company will strategically lay out the global market, firmly grasp the investment and expansion needs of overseas customers and overseas local customers, make full use of the first-mover advantages of the company's R&D centers, service centers and production bases that have been built overseas, comprehensively meet the needs of customers for localized R&D, production, sales and after-sales service, and achieve the leapfrog development goal of the company's overseas business on the basis of prudent assessment of foreign-related risks.
Laser manufacturing network is organized according to Li Yuanheng's 2023 annual report Editor: cici
Yangtze River Delta G60 Laser Alliance Chen Changjun reprinted!
At the same time, welcome to the 2nd Conference on the Application of Laser Intelligent Manufacturing in the Energy Storage Industry held by the Yangtze River Delta G60 Laser Alliance in Nanjing (Nanjing, April 23-25, 2024)