Entering the end of August, the financial reports of major listed companies in the first half of 2023 have also been released. As of August 31, the data collected by the Chinese screw network shows that among the top ten fastening-related listed companies in the market value, 8 have achieved positive revenue growth, and 6 have achieved double growth in revenue and profit. It can be seen that although the fastener industry in the first half of the year is difficult, the overall trend is still good.
On August 29, Yiheda released the semi-annual report of 2023, during the reporting period, the company achieved operating income of 1.527 billion yuan, an increase of 31.23%; The net profit attributable to shareholders of listed companies was 346 million yuan, an increase of 34.40%. As a leading one-stop supplier of automation parts, Yiheda's first-half financial results are very bright.
Automation parts belong to an important segment of the industrial automation industry, its downstream customers are automation equipment manufacturers and terminal equipment users, terminal demand covers 3C, automotive, new energy lithium, photovoltaic, laser, logistics and many other industries. The increase in downstream customer demand is also the main reason for the growth of Yiheda's performance in the first half of the year.
From the product point of view, the three major revenue sources are the new energy lithium battery industry, the 3C industry, and the photovoltaic industry. New energy lithium battery related business revenue 607 million yuan, an increase of 64.04%, accounting for about 40% of the total revenue; The revenue of 3C industry was 297 million yuan, down 1.94% year-on-year, accounting for about 19% of the total revenue; Photovoltaic industry revenue of 153 million yuan, an increase of 140.02%, accounting for about 10% of the total revenue. The growth in demand for new energy and photovoltaic is the main driving force for the growth of Yiheda's performance in the first half of the year.
According to the research of High-Tech Industry Research Institute (GGII), China's demand for lithium battery production equipment in 2021 increased by 104.9% year-on-year, reaching 58.8 billion yuan. It is predicted that China's power lithium battery shipments will reach 1070GWh in 2025, and the compound annual growth rate will reach 33.47% in 2022-2025.
According to the data of the National Energy Administration, by the end of 2022, the cumulative grid-connected capacity of photovoltaic power generation in the country was 392.04 million kilowatts, an increase of 28.12% compared with the end of 2021. It is predicted that the new installed capacity of photovoltaic in China will continue to grow in the next few years, and it is conservatively estimated that the new installed capacity of photovoltaic in China will reach 90GW in 2025, and the compound annual growth rate will reach 13.16% in 2021-2025.
From the financial reports of various fastener companies, we can find that the growth in demand for new energy, wind power and photovoltaic industries is an important reason for the "contravening growth" of many fastener companies. In recent years, many traditional tight enterprises have actively opened the "transformation road" and expanded towards new energy-related fields. In the future, with the continuous growth of China's new energy industry, the fastener market will also be broader.
