"Electric Eel Finance" electric eel number/text
Kexin Technology 2023 Annual Report
On April 22, Kexin Technology released its latest annual report, and in 2023, the company will achieve operating income of 512 million yuan, a decrease of 38.58% from the same period of the previous year; The net profit attributable to shareholders of the listed company was -224 million yuan, down 1603.80% from the same period last year.
It is reported that Kexin Technology is a network energy solution provider, the company landed on the Shenzhen Stock Exchange Growth Enterprise Market in November 2016, after listing after the double transformation of products and markets in recent years, Kexin Technology has become an enterprise with independent research and development and production capacity of core software and hardware such as battery systems and power supply systems, mainly providing base station site energy, data center energy and other system-level products including cabinets, power supplies, batteries and temperature control equipment, which can provide communication base stations, data centers, industrial and commercial scenarios. One-stop-shop" network power solution.
Kexin Technology Growth Ability Indicator Screenshot from Oriental Fortune
"Electric Eel Finance" paid attention to the fact that from 2021 to 2023, the net profit attributable to shareholders of listed companies realized by Kexin Technology will be about -120 million yuan, -13.1269 million yuan, and -224 million yuan; In the same period, the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was about -125 million yuan, -13.4939 million yuan and -228 million yuan, and the net profit attributable to shareholders of listed companies and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses have been negative for three consecutive years.
Kexin Technology pointed out in its 2023 annual report that the change in performance was mainly due to the delay in the construction of overseas customer projects, the company's overseas customer orders decreased, and the sales revenue was lower than expected; The company's energy storage segment business is still in the market expansion stage, and the business is still in a state of loss due to the fluctuation of raw material prices and price pressure; The first phase of the subsidiary's 5G smart industrial park project was completed and transferred to fixed assets, and depreciation expenses and operating expenses increased, which had a certain impact on the company's overall performance.
From the perspective of industry development trends, the supply of 5G network basic capabilities continues to develop, and 5G base stations are expected to have better coverage in urban areas and deeper coverage in industrial parks. The "5G+" action plan continues to advance, and the empowerment of "5G + Industrial Internet" plays an important role in the leapfrog development of the manufacturing industry. It is reported that in the future, the mainland plans to build more than 10,000 5G factories during the "14th Five-Year Plan" period, and the policy of promoting the large-scale application of 5G will continue to be implemented, and 5G+ communication is expected to continue to open up a new growth curve.
However, Kexin Technology also pointed out that the industry in which the company is located is a fully competitive industry. Communication operators and ICT equipment vendors mainly purchase related products through bidding, and product price, quality and follow-up services are important factors to consider, which directly poses certain competitive pressure on the company's market development. At the same time, the competitive landscape in the field of communication network energy has not yet taken shape, and new competitors continue to pour into the field, if the follow-up company cannot maintain the existing market position and market share in the competition, it will have an adverse impact on the company's sustainable development.
In addition, Kexin Technology is actively laying out the energy storage ecological chain by virtue of its technical accumulation and product capabilities in power supply, battery, system integration, etc. In August 2021, Kexin Technology established a specialized subsidiary, Guangdong Kexin Juli New Energy Co., Ltd. (hereinafter referred to as "Kexin Juli"). Since its establishment, Kexin Juli has been positioned as a lithium battery system provider, established a platform relying on Kexin technology in the communication industry for 20 years, grasped the advantages of power supply, battery, system integration, etc., and made every effort to develop overseas high-end markets, the main products include lithium iron phosphate standard battery cells, lithium iron phosphate standard battery modules, home storage systems/wall-mounted home storage, etc.
In the future development plan, Kexin Technology pointed out that the company will continue to focus on technological breakthroughs in the fields of 5G+, site energy, and energy storage, and actively carry out research and investment layout in infrastructure and industry applications in related fields, while consolidating the organic growth of the main industry, and timely promote the extension of the industrial chain and the complementary growth of resources and other synergistic effects. In the future, whether Kexin Technology can get out of the loss predicament, "Electric Eel Finance" will continue to pay attention.