The charging business of Truide turned losses into profits, and the non net profit deducted in 2023

Mondo Finance Updated on 2024-02-01

On the evening of January 29, the company released its 2023 performance forecast, and the company achieved a net profit attributable to the parent company of 40.8 billion yuan-51.7 billion yuan, a year-on-year increase of 50%-90%; Deduct non-net profit 31.8 billion yuan-42.7 billion yuan, a year-on-year increase of 113%-186%.

The performance forecast shows that the company's two main businesses, "intelligent manufacturing + integrated services" and the electric vehicle charging network sector, have achieved high-quality development, which is also the core factor to promote the company's performance. Among them, in the "intelligent manufacturing + integrated services" sector, the company's cumulative winning bid amount and contract amount in 2023 will exceed 10 billion, realizing the high-speed and sustainable development of "source-grid-load-storage" in multiple scenarios, and winning high recognition from the market and customers.

The turnaround of the charging business has become the company's biggest business highlight in 2023, marking the successful leapfrog development of the company's electric vehicle charging network business from quantitative to qualitative change. According to the announcement, after 9 years of construction and operation, the main body of the company's charging business, the scale of the charging network has increased significantly, the revenue and profitability have increased rapidly, and the company has turned losses into profits during the reporting period, officially entering a new stage of high-quality and sustainable development.

Driven by new energy vehicles, the prosperity of the charging industry continues to rise. According to public data, in December 2023, 100,000 new public charging piles will be added in China, a year-on-year increase of 51%; In 2023, there will be 92 new public charging piles in China60,000 units, up 43% year-on-year. According to the China Charging Alliance**, 108 new public charging piles are expected to be added in China in 202440,000 units, up 17% year-on-year.

As the leader of the first echelon of the new energy charging industry, the company has fully released its performance in the rising period of the industry by virtue of its first-mover advantage and scale advantage, and its market position has continued to improve. By the end of 2023, the company's cumulative charging capacity exceeded 26 billion kWh, with the highest daily charging capacity exceeding 38 million kWh. According to the statistics of the Charging Alliance, in the field of public charging, as of the end of December 2023, the company operates 5230,000 units, including 31 DC charging terminals30,000 units, with a market share of about 26%, ranking first in the country; In 2023, the company's charging capacity will be about 9.3 billion kWh, a year-on-year increase of about 59%, and its market share will be about 26%, ranking first in the country.

At present, the market fully affirms the performance of the 2023 performance forecast of the company and has a positive attitude towards its future development. CICC International believes that looking forward to 2024, the company's performance is expected to maintain high growth. According to the brokerage's analysis, the operation side of the company's charging business has a first-mover advantage, which is expected to continue to benefit from the growth of charging demand, and profitability is expected to continue to improve; The downstream customers of the equipment end are abundant, and it is expected that the sales scale of charging equipment is expected to further expand in 2024 and contribute considerable profits. In addition, the company's intelligent manufacturing and system integration business is expected to continue to expand its market share in emerging fields such as new energy and data centers, and the volume of overseas business is also expected to support growth.

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