Capital influx of new energy charging market uncertain how to make money

Posted on 10/23/2015 11:08:47 AM

Because the secondary market upside down stock prices compared with the previous price set by the determined, Zhejiang Wanma shares (002276.SZ) have to choose lower price will increase from the previous 35.71 / share to $ 20.86 yuan / share, in order to ensure program The smoothly.
"In the current stock market situation is not good, there are a lot of plans set by the listed companies have chosen to postpone, but Kazuma at the price set by the sharp decline, only shows that he is really really need the money." Guohai New Energy Analysts Shijin Man said.
Kazuma announcement shows, at 1.258 billion yuan financing plan, Caterpillar 320D injector valve more than 70% of a total of 960 million yuan of funds will be used for I-ChargeNet intelligent charging network construction project (a), 200 million yuan used to supplement working capital; In addition 98 million yuan annual output of 56,000 tons for investment in new environmentally friendly polymer materials projects. From the current point of view, although starting from 2011, Kazuma has begun charging layout of the new energy industry, and the establishment of Kazuma new energy company, and its products have obtained the national network of bidding, and the Thai public, Geely and other vehicle manufacturers have Cooperation. But together, their performance in the field of the new energy charge and not very prominent.
However, this did not prevent it from charging into new energy industry enthusiasm. Under the policy of boosting and market launch in the background, more and more capital into the charging infrastructure construction, which there are many listed companies. Reporters combed found, from last year to this year, a lot of business had not involve the listed company's new energy automotive sector also by way of integrating acquisitions into the market. But for now, rely solely on the charging facilities such as business, profit model is still not clear.
Attract new capital into the energy charging pile
Kazuma shares listed companies only raise one charging infrastructure business. In June, the main business includes electric vehicle powertrain Ocean Motor (002249.SZ) has tried 10 times the acquisition premium Shanghai electric drive, which is the domestic electric vehicle drive motor system leader in the passenger car driver market share as high as 26.90% motor system. Although at the time the "Tyrant" type of acquisition has been widely questioned, but Ocean Motor believes that the acquisition of Shanghai electric drive can achieve strong joint. Then, it has invested HK $ 100 million acquisition of electric vehicle charging equipment industry leader Titan Energy 9.09% stake, while the contribution of HK $ 100 million acquisition of the company two years of convertible notes, the field well into the charging facilities to achieve the integration of the chain and perfect.
Another listed company Terios Germany (300001.SZ) is one example. Previously, TGOOD business focused on electricity, railways and the coal industry, but in 2014, TGOOD coal industry in production, sales dropped significantly, announced that the company's orders in recent years, mainly in the coal industry substantially reduced, the coal industry during the reporting period by coal prices and other reasons, investment plummeted, the company further reduced due to the order. Data show that in 2014 its new bid amount 2.275 billion yuan (including subsidiaries), an increase of 8.33 percent, but the coal industry is only 048 million, down nearly 60 percent year on year.
Therefore, Terios Germany said it will continue to maintain the basis of box-type power equipment products and stable development on the new electric vehicle charging equipment operators and new energy car rental operations, implementation of new energy industry under the background of traditional manufacturing and the Internet wings development. Beginning last year, began a comprehensive layout TGOOD in charge of new energy infrastructure, not only with Beijing New Energy Automobile Co., Tangshan Jidong Material Trading Group Co., Ltd. jointly funded the establishment of special calls BAIC (Beijing) Energy Technology Co., Ltd., the main provider of electric vehicle charging services, further and Dongfeng and Jinlong car prices charged in the new energy services and related industries to establish an in-depth cooperation.
Behind capital poured into the charging pile concept sought after in the capital market, as well as the industry expected high future returns. Zuosi production and research of the Song, Yuan, analysts said the current national charging pile of ownership only 5 to 80,000, according to the plan of the National Energy Board in 2020 will reach 5 million, according to the DC pile every 50,000 Yuan, the price of 10,000 yuan each exchange piles, wound up market space will reach 100 billion yuan. The performance of listed companies pulling effect is very obvious.
Earnings expectations unclear
In May this year, TGOOD had hit a 12-word limit consecutive days of record, the stock soared 170%. Along with intensive policy stimulus, since mid-September to mid-October, charging pile rose to 48.89% gains top ranking concept. During this time, Auto Motion (002227.SZ), TGOOD share price during this period is doubled, while Shanghai Putian (600680.SH), Kazuma shares, power source (600405.SH), rolls of electrical gains also more than 90%. According to incomplete statistics, 36 relates to the concept of the company in charge pile, there are 26 published notice in the third quarter, of which only seven pre-cut results.
However, specific to stocks, in charge in the field, "called the loudest" of several listed companies, performance returns charging business is not obvious. TGOOD released three quarterly show, the first nine months, the company achieved operating income of 1.514 billion yuan, representing an increase of 17.20%; to achieve operating profit of 92.4454 million yuan, representing an increase of -38.47%; attributable to owners of the parent The net profit of 112.9388 million yuan, compared with same period last year -7.76%. And before another Shanghai Putian published results of pre-cut announcements, the first three quarters of this year will further expand its net profit attributable to shareholders of listed companies compared with last year, about from -396.76 million to -2800 million.
Stone gold analysis to diffuse this situation is actually quite normal, on the one hand, the new energy vehicle market has just started, charging into a huge pile pre-construction, it is difficult to pay off short-term, for investment in new energy infrastructure investments in the future.
So, to get involved in the business of listed companies charge pile, future earnings will be a good? This is not necessarily so. A common understanding is that the charge is actually a pile of industry technical threshold is very low, but if it relies on charging pile and post-service operation and maintenance fees charged, basically hardly profitable.
Prior to this, Terios Germany has said that future earnings will be divided into the source of several major parts, one service charge, the second is the electric car business, the third is Timeshare Rentals, four 4s shop is value-added services, such as car The overhaul; Fifth electronic payment, six is the Internet cloud platform. In a sense, TGOOD model is a model involved in a number of listed companies now charging pile or private capital industry are talking about: the first pile by free customer retention, post through all aspects of the industry chain profit point mining to create value.
It is also often mentioned before the industry "wool out in pigs, let the dog pay" model, however, whether it will pay the dog, it is difficult to predict. Song Yuan believes that although many companies through the development of charging app application, to bind users, but mostly just stop at the conceptual level. Nevertheless, the whole business to get involved in charging pile, how much performance can also bring some boost to listed companies. First, the charge pile construction can drive sales charging equipment, electrical equipment, because the charging piles and station construction, will involve the expansion of the city capacitor charging station and only fusion power, and currently involved in charging pile construction, operation and maintenance of Most listed companies have independent charge of production equipment. In the operating level, new energy buses, commercial vehicles as well as in areas such as logistics vehicles, charging stations currently use higher frequencies, profit model is relatively clearer.

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