Kane shares: Seeking new breakthroughs in new energy

The famous British poet Blake once said: "A way to create a great performance, crowded in the streets will not make a difference." "In this sentence, it is appropriate to describe Kane's share in the acquisition of battery assets." On the basis of consolidating the development of the original main business, Kane's shares (002012) will focus on the new energy industry, through directional additional acquisition of Zhejiang Kane Battery Co., Ltd. (hereinafter referred to as Kane Battery) 78.8% Equity, for the company's future Development Tamping Foundation Asset Acquisition Optimization main business according to the Bulletin of Kane shares The listed company will have a 78.8% per cent stake in Kane's battery, which is held by Cain Group and two natural persons, at a price of 96.4886 million yuan.　　Kane shares said that the acquisition is due to the original main business of listed companies affected by objective reasons, in recent years slow development, the need to broaden the main industry, seek new profit growth. At present, the main products of Kane Battery for high rate and ultra-high rate charge-discharge Ni-MH battery and lithium-ion power battery, widely used in various kinds of power tools, has now formed an annual output of about 50 million power battery scale.　　Total assets of 191.8194 million yuan, net assets of 70.0151 million yuan, operating income of 126.3768 million yuan, net profit of 4.6795 million yuan. Data show that Ni-mh power battery and lithium-ion power battery, especially lithium-ion power battery, is a new high energy battery developed in the 20th century, which is widely used in the future, because of its high energy, high battery voltage, wide operating temperature range and long storage life, it is one of the industries with long-term growth.　　At present, high-capacity lithium-ion batteries have been tested in electric vehicles and will become one of the main power sources of electric vehicles in the 21st century, and will be used in satellite, aerospace and energy storage. into the battery field, will provide support for the future performance improvement of listed companies.　　Although the current size of Kane's battery is small, but with the increasing support of listed companies, the future should have a greater potential for growth. Directional additional to enlarge and strengthen into the listed companies, for Kane Battery is also a very good opportunity for development. Mr Cayne's plans for the future of Kane's battery have been planned for a private 40 million-a-share,　　In order to increase the capital of Kane's battery 250 million yuan, of which 180 million yuan to increase the capital Kane battery to implement the new annual output of 250 million power battery technical renovation project, 70 million Yuan Kane battery implementation of car power battery new project. According to the disclosure, through the new annual output of 250 million power battery technical renovation project, Kane Battery will be in the original 50 million-year capacity based on new production capacity of 250 million knots/year. Expected to achieve a new annual after-tax sales income of 747.86 million yuan, the total annual profit of 116.85 million yuan, the annual tax of 45.2 million yuan, the project total investment of 315 million yuan. At the same time, through the increased capital Kane battery implementation of car power battery new projects, the company's electric bicycles and electric motorcycles NiMH battery products and lithium-ion battery products will reach 50 Sets/year production capacity. This will achieve the new annual after-tax sales income of 230.77 million yuan, the total annual profit of 39.87 million yuan, the annual tax 14 million yuan.　　The total investment of the project is 120 million yuan. After acquiring Kane's battery, according to the evaluation of the Kane battery based on the assessment of the income method assessment, Kane's Battery 2009, 2010 and 2011 after the after-tax net profit of 17.5277 million yuan, 70.1106 million yuan and 105.579 million yuan.　　According to the equity ratio of 78.8%, considering the private issue after the share capital of 234.7893 million shares, Securities chief industry analyst Liu June forecasts, after the completion of the company 2009, 2010 and 2011 EPS respectively 0.17 yuan, 0.40 yuan, 0.56 yuan.　　For the proposed battery project, a project for the original power battery for technical transformation, that is, mainly for the production of electric toys, home appliances and other power batteries; The second project is a new project for vehicle Power Battery (electric bicycle, electric motorcycle). According to the announcement, the company has tried to produce electric bicycles and motorcycles with Ni-MH batteries and lithium-ion batteries. At present, samples have been tested internally and tested by externally intended customers, if you can sign a purchase contract through testing, the company's electric bicycles and motorcycle batteries have a small-scale pilot production capacity; Meanwhile, Kane's battery has signed a cooperation agreement with Geely to cooperate in the development of electric cars and hybrid batteries,　　Once a breakthrough has been made in the key technologies of power batteries, most of the production equipment purchased by this collection can instead be used for the production of automotive single power batteries. It is worth mentioning that the company plans to cast two first based on the original battery market share of the occupation, at the same time now technically can be completed electric bicycles, electric motorcycles with the production of power batteries, in view of the current state vigorously promote energy conservation and new energy vehicles, the company has begun to cooperate with Geely Automobile, In the future there is a trend towards the development of a single power battery for automobiles.