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As many companies have released their results for the first quarter of 2021, it is a bit late for Ningde to release last year's results recently. However, this latest financial report reflects the performance growth of the Ningde era over the past year, which is also worth celebrating. According to its latest financial report, the Ningde era achieved a 22.43% increase in net profit in 2020.

As we all know, a sudden COVID-19 epidemic in 2020 had a great impact on all enterprises, especially in the automobile industry, where the car companies with better performance only achieved growth, while those with poor performance declined sharply. In such an environment, it is commendable to achieve double growth in revenue and profit in the Ningde era.

According to the latest financial report of Ningde Times, the net profit belonging to shareholders of listed companies in 2020 was about 5.583 billion yuan, an increase of 22.43 percent over the same period last year; operating income was about 50.319 billion yuan, up 9.9 percent over the same period last year; and basic earnings per share was about 2.49 yuan, an increase of 19.13 percent over the same period last year.

The report mentioned that thanks to the company's ability to overcome the impact of the COVID-19 epidemic last year, respond flexibly to changes in the market and industry, and continue to strengthen research and development, and optimize product structure and market strategy, in order to achieve steady capacity expansion to meet customer order demand. During the reporting period, the company achieved lithium-ion battery sales 46.84GWh, an increase of 14.36% over the same period last year, of which power battery system sales 44.45GWh, up 10.43% from the same period last year.

From the business of Ningde era last year, according to the announcement, the sales of power battery system is the company's main source of income. During the reporting period, the company's sales revenue of power battery system was 39.4 billion yuan, an increase of 2.18% over the previous year. According to the data of Sinochem Research Certificate, the total installed capacity of domestic power batteries is 63.6GWh, an increase of 2% over the same period last year, of which the company's installed capacity is 31.9GWh and its market share is 50%, which shows that the performance is OK.

This performance also makes Ningde era the company with the highest installed capacity in the country and even in the world in 2020, and won four consecutive championships by narrowly surpassing LG new energy in 2020. Of course, this is also due to the rapid development of China's new energy vehicle industry. Ningde era has overtaken Japan to become the world's largest power battery producer since 2015. China's power battery shipments are 71GWh by 2019, accounting for 61.7 per cent of the world.

With the barbaric growth of the world's largest new energy vehicle market, the domestic installed capacity of the Ningde era has grown by leaps and bounds. You know, electric car brands currently on sale in the existing domestic market, whether independent or joint venture, basically use batteries supplied by the Ningde era, with a market share of 50%. Let Ningde era really occupy the "half" of China's power batteries.

However, as the world's major car companies have begun to transform, the market competition has become more fierce. While European and American car companies seem to prefer Japanese and Korean battery suppliers, such as General Motors, Renault, Daimler, Volkswagen and other companies are big customers of LG Chemical, and as multinational car companies continue to promote the localization of electric vehicles in China, the installation capacity of Japanese and South Korean battery companies is also expected to rise to a higher level. Perhaps in the 2021 list, LG Chemistry and Panasonic will be further ranked, and even do not rule out surpassing the Ningde era, after all, the overall installed capacity of the first two is not big.

In any case, the transformation of the automobile era has come, with the launch of more new energy models, the installed capacity of the major battery manufacturers will be improved, and there will be some changes in the future market ranking.

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