Energy storage is the capture of energy in the original form or another form. Energy stored in a medium is then released in certain forms specified by its application.
In China, the accumulated installed capacity of energy storage from 2000 to 2015 was 23.5GW, 23.4GW of which was pumped-storage hydropower. In 2015, the accumulated installed capacity of chemical energy storage (excluding pumped-storage hydropower, compressed air and heat storage) was 105.5MW, mainly including Lithium-ion battery, lead-acid battery, flow battery and supercapacitors, which accounted for 66%, 15%, 13% and 6%, respectively. The accumulated capacity of photovoltaic power generation was 43.18GW, increasing by 15.13GW from the year before. This included 37.12GW of power generated from photovoltaic power plants and 6.06GW from distributed plants, generating a total of 39.2 billion kWh. By the end of 2015, the installed capacity of electrochemistry energy storage had reached 106MW, accounting for 12% of the total capacity in the world, which is a substantial increase from 4% in 2012.
According to CRI analysis, the policies of the Chinese government were supportive of the development of energy storage equipment. In 2016, National Development and Reform Commission and National Energy Administration jointly published Action Plan for Energy Technology and Innovation (2016-2030), in which energy storage was listed as a priority. National Energy Administration issued Notice on the Pilot Program of Promoting Electricity Storage to be Included in the Electricity Supplementary (Market) Mechanism in Northeast China, North China and Northwest China, clearly granting energy storage an independent position in the electricity market. National Energy Administration also issued Administrative Measures on National Electricity Demonstration Projects to promote the development of such projects. It is projected that the energy storage equipment industry will grow rapidly from 2017 to 2021.
In this report, CRI analyzes 22 energy storage equipment and other power supply equipment manufacturers listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1)financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
(1) Financial Indexes
- Earnings per Share
- Book Value per Share (BPS)
- Sales per Share (SPS)
- Net Cash Flow per Share from Operations
- Net Cash Flow per Share (CNY)
- Return on Net Worth
- Net Profit Margin on Total Assets
- Return on Invested Capital (ROIC) (%)
- Gross Profit Margin on Sales (%)
- Net Profit Margin on Sales (%)
- EBIT Margin (%)
- EBITDA Margin (%)
- Debt to Asset Ratio (%)
- Total Asset Turnover (times)
- Cash/Operating Income Received from Sales of Goods or Services
- YOY Growth Rate of Operating Revenue (%)
- YOY Growth Rate of Operating Profit (%)
- YOY Growth Rate of Net Profit Attributable to Shareholders of Parent Company (%)
(2) Summary of Income Statement
- Gross Revenue (CNY, million)
- Total Operating Costs (CNY, million)
- Revenue (CNY, million)
- Operating Profit (CNY, million)
- Total Profit (CNY, million)
- Net Profit (CNY, million)
- Net Profit Attributable to Shareholders of Parent Company (CNY, million)
- Non-recurring Items (CNY, million)
- Net Profit Deducting Non-recurring Items (CNY, million)
- R&D Costs (CNY, million)
- Earnings Before Interest and Tax (EBIT) (CNY, million)
- Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (CNY, million)
(3) Summary of Balance Sheet
- Liquid Asset (CNY, million)
- Fixed Asset (CNY, million)
- Long-term Equity Investment
- Total Assets (CNY, million)
- Liquid Liability (CNY, million)
- Non-current Liability (CNY, million)
- Total Liability (CNY, million)
- Capital Reserve (CNY, million)
- Surplus Reserve (CNY, million)
- Undistributed Profit (CNY, million)
- Shareholders' Equity (CNY, million)
- Equity Attributable to Shareholders of Parent Company (CNY, million)
(4) Summary of Cash Flow Statement
- Cash Received from Sales of Goods and Services (CNY, million)
- Cash Flow from Operations (CNY, million)
- Cash Paid to Purchase Fixed Assets, Intangible Assets and Other Long-term Assets (CNY, million)
- Cash Paid for Investments (CNY, million)
- Cash Flow from Investments (CNY, million)
- Cash Received from Investors (CNY, million)
- Cash Received from Borrowings (CNY, million)
- Cash Flow from Financing (CNY, million)
- Net Increase of Cash and Cash Equivalents (CNY, million)
- Cash and Cash Equivalents, End of Period (CNY, million)
- Depreciation and Amortization (CNY, million)
Companies in the report:
1 Beijing Dynamic Power Co., Ltd. (600405.SH)
2 Chongqing Wanli New Energy Co., Ltd. (600847.SH)
3 Shenzhen Auto Electric Power Plant Co., Ltd. (002227.SZ)
4 Xiamen Kehua Hengsheng Co., Ltd. (002335.SZ)
5 Hangzhou Zhongheng Electric Co., Ltd. (002364.SZ)
6 Shenzhen Kstar Science And Technology Co., Ltd. (002518.SZ)
7 Shandong Sacred Sun Power Sources Co., Ltd. (002580.SZ)
8 Shenzhen Center Power Tech Co., Ltd. (002733.SZ)
9 Beijing Dinghan Technology Co., Ltd. (300011.SZ)
10 Zhejiang Narada Power Source Co., Ltd. (300068.SZ)
11 Shanghai Cooltech Power Co., Ltd. (300153.SZ)
12 East Group Co., Ltd. (300376.SZ)
13 Shijiazhuang Tonhe Electronics Technologies Co., Ltd. (300491.SZ)
14 Wuxi Huaguang Boiler Co., Ltd. (600475.SH)
15 Nancal Energy-Saving Technology Co., Ltd. (603859.SH)
16 Sichuan Chengfei Integration Technology Co., Ltd. (002190.SZ)
17 Zhefu Holding Group Co., Ltd. (002266.SZ)
18 Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ)
19 Hangzhou Boiler Group Co., Ltd. (002534.SZ)
20 Chengdu Techcent Environment Co., Ltd. (300362.SZ)
21 Dan Dong Xin Tai Electric Co., Ltd. (300372.SZ)
22 Suplet Power Co., Ltd. (300593.SZ)
1 Beijing Dynamic Power Co., Ltd. (600405.SH)
2 Chongqing Wanli New Energy Co., Ltd. (600847.SH)
3 Shenzhen Auto Electric Power Plant Co., Ltd. (002227.SZ)
4 Xiamen Kehua Hengsheng Co., Ltd. (002335.SZ)
5 Hangzhou Zhongheng Electric Co., Ltd. (002364.SZ)
6 Shenzhen Kstar Science And Technology Co., Ltd. (002518.SZ)
7 Shandong Sacred Sun Power Sources Co., Ltd. (002580.SZ)
8 Shenzhen Center Power Tech Co., Ltd. (002733.SZ)
9 Beijing Dinghan Technology Co., Ltd. (300011.SZ)
10 Zhejiang Narada Power Source Co., Ltd. (300068.SZ)
11 Shanghai Cooltech Power Co., Ltd. (300153.SZ)
12 East Group Co., Ltd. (300376.SZ)
13 Shijiazhuang Tonhe Electronics Technologies Co., Ltd. (300491.SZ)
14 Wuxi Huaguang Boiler Co., Ltd. (600475.SH)
15 Nancal Energy-Saving Technology Co., Ltd. (603859.SH)
16 Sichuan Chengfei Integration Technology Co., Ltd. (002190.SZ)
17 Zhefu Holding Group Co., Ltd. (002266.SZ)
18 Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ)
19 Hangzhou Boiler Group Co., Ltd. (002534.SZ)
20 Chengdu Techcent Environment Co., Ltd. (300362.SZ)
21 Dan Dong Xin Tai Electric Co., Ltd. (300372.SZ)
22 Suplet Power Co., Ltd. (300593.SZ)
