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Abstract: The decline in business performance, the high defect rate, the increase in cash collection, and the reduction in the profit margin of the battery PACK factory has become an opportunity to rest. During her nap, she had a dream. The three big mountains facing Pulled.

(Source: Starting point steel phone number ID: we have a sweet smile and a very angry language. It should be that we are talking to our boyfriend. ixin-lddsj Author: Long Zonghui)

The credit card installment and flower installment, and now we can also get the “Ready Letter” from the Certificate Exchange. On February 21, Oriental Precision issued the first “Notice on Replying the Questions of the Department of the Shenzhen Stock Exchange’s “Review on the Reply of the Department of the Shenzhen Stock Exchange’s “Review on the Replying the Questions of the Department of the Shenzhen Stock Exchange’s “Review on the Replying the Questions of the Department of the Shenzhen Stock Exchange’s “Review on the Replying the Questions of the Department of the Shenzhen Stock Exchange’s “Review on the Replying the Questions of the “Review’s Letter”, which shows that the “Review’s Letter” has a lot of questions and content and a large number of tasks. I will first reply to the department. baby‘s content has been checked, and the rest will be checked as quickly as possible and then added.

<img src="http://img01.mybjx.net/news/UploadFile/201902/6368642126057394287435477.png" title="1.png" alt="1.png"//

Sugar babyPleide’s business performance has dropped sharply

Oriental Seiko has focused on the business conditions in Pulled in the recovery of departmental problems.

On January 31, Oriental Precision issued a notice of revision of industry performances. In October 2018, Sugar baby, the third quarter report of Oriental Seiko predicted that the profit change of shareholders of listed companies in 2018 will be between 550 and 652 million yuan. After the revision, the 2018 industry forecast is expected to be between RMB 2.944 billion and RMB 4.416 billion. The important reason for the modification of the business performance is to propose a commercial value reduction preparation for the company’s 100% purchase of Beijing Pulide New Power Battery Technology Co., Ltd. (hereinafter referred to as “Plide”).

The reason for the reduction in business reputation is that the decline in Pleide’s career performance in 2018. In addition, it combines Plyde’s actual operation situation, future industry policies, market formats, customer structure, technical changes, Escort manilaAccording to the changes in gross profit margin, Oriental Precision believes that PLAD has a significant reduction in the amount of 3.06 billion yuan to 4.142 billion yuan.

Personal and commercial vehicle power battery systems are the focus of Pride’s main business. In the past few years, PLAD’s commercial vehicle power battery PACK business has accounted for the highest proportion of 50% and gross profit is 23%, which is also its business. href=”https://philippines-sugar.net/”>Sugar daddy‘s important source of profit.

However, due to the policy influence of the country’s crackdown on new power automobile replenishment behavior and perfect new power automobile management system, the new power commercial vehicle replenishment has greatly decreased, and the market’s popularity has dropped, which has had a significant impact on the PACK business of commercial vehicle power battery. The expenditure of PACK business of commercial vehicle power battery was mainly operated in PACK in 2018. Only 5% of business expenditures account for.

From the sales data of the new power automobile market in recent years, the basic trend of new power automobile markets has been low at the beginning and high at the end of the year, and the sales of power battery factories are mostly concentrated at the fourth time. Pride’s sales expenditure in the fourth time in 2018 accounted for 60% of the year. Therefore, Oriental Precision believes that Pride has a significant reduction in valueEscort manila.

High defect rate and increased difficulty in repayment

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With the significant increase in the ownership of new power cars and the gradual aging of old battery power systems, the problems of new power cars have begun to appear in a concentrated manner. In the second half of 2018, PLAD’s power battery PACK products for departmental commercial vehicle customers experienced many problems. During the warranty period, the customer requested repair or replacement, which led to the demand for Pride to increase the maintenance service fee of a large amount.

The increase in product defect rate has increased the difficulty of Pride’s acceptance and acceptance of relevant customers for payments. The department has interrupted the cooperation due to quality disputes and will not refund the payment. Sugar baby OrientalSugar baby Seiko raises the receipt of the payment according to the individual recognition method for this department according to the individual recognition method, and other claimsSugar daddy is only 7.6 million yuan, and the impact on profit is about 35.3 million yuan.

Because the product changes new data and replaces the productSugar babyThe original department original information is no longer suitable for the new product dream. In the heroine’s dream, every topic has achieved good results. Ye Qiu, the lowest-achieving demand, while the market price continued to decline and the price of inventory goods in Pride is higher than the market price. Oriental Precision for inventory declined 26.8 million yuan, and the amount of sales was about 11.4 million yuan, which affected the amount of money to profit was about 15.4 million yuan.

Sugar The impact of daddy’s inventory and collection on PLAD’s 2018 profit was about 50.7 million yuan, which had a serious impact on the performance of that year. Ye Qiukun was very curious about what would happen if she deviated from the so-called plot.

PACK’s profit margin was reduced

The industry environment also formed a huge pressure on PLAD.

2016 In December, the Ministry of Finance, Ministry of Industry and Information Technology, Ministry of Science and Technology, Ministry of Science and Technology and the Ministry of Development and Reform Commission jointly issued the “New Movement on Adjustment” for the Commission and Commission of Sugar Baby. escortAnnouncement on the Financial Stand-up Policy for Powered Automobile Promotion Applications”, decreasing the funding amount, improving the recommended vehicle model catalog, and converting methods from pre-reservation to annual cleaning system; in February 2018, the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the Development and Reform Commission and other four ministries and commissions issued the “Notice on Adjusting the Financial Stand-up Policy for New Powered Automobile Promotion Applications”, Manila escort decided to improve the patching technology door again, perfect new power car patching standards, and classification adjustment of operation mileage.

The adjustment of policies has led to a continuous decline in the funding amount of new-powered vehicles and enterprises, and the funding area has continued to improve. The profitability and funding cycle of vehicles have had a clear impact. With the structural excess accumulation and replenishment of power battery production capacity, battery suppliers are facing the dilemma of profit-making shrinkage.

The gross profit margin of listed companies in power battery companies has declined in the past few years:

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Even a long-term enterprise like Ningde era and Guohua Hi-Tech, Sugar daddyAlthough gross profit is higher than the industry average, the trend of landing is also very obvious.

Affected by the decline in subsidy policies, car companies are all thinking of ways to reduce their capital to ensure returns. The power battery system accounts for a higher proportion of capital in the entire car. For the first time, it has become the main point for car companies to reduce their capital, and the profits of chip companies and PACK companies have been reduced in a step, especially PACK companies.

In addition to the shortage of profits and weaknesses, the market share of third-party PACK companies is being consolidated. According to data from Qidian Research Institute (SPIR), there were 88 companies with PACk installed in January, and the total number of TOP20 manufacturers was 4446.83MWh, accounting for 89.18%. The volume of the two installation machines in Ningde era and Biadi accounts for nearly 50%.

The top 20 companies in January have installed engines related to the 11 companies (incl TC: