ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (300068.SZ) Bundle
A Brief History of ZHEJIANG NARADA POWER SOURCE Co. , Ltd.
ZHEJIANG NARADA POWER SOURCE Co., Ltd., founded in 2000, is a certified leader in the manufacturing of energy storage solutions and valve-regulated lead-acid (VRLA) batteries. Over the years, Narada Power has expanded its operations significantly, leveraging technological advancements and strategic partnerships. The company is headquartered in Hangzhou, China.
As of 2022, Narada Power reported a total revenue of approximately RMB 5.28 billion, with a net profit of around RMB 420 million, showcasing a growth trajectory supported by increased demand for renewable energy storage solutions.
Narada Power's production capacity has also seen substantial enhancements. In 2022, the company produced over 12 million batteries, marking an increase of around 15% from the previous year. Their product portfolio caters to various sectors, including telecommunications, electrical, and renewable energy markets.
| Year | Revenue (RMB) | Net Profit (RMB) | Batteries Produced (Millions) | Production Capacity (MWh) |
|---|---|---|---|---|
| 2020 | 4.2 billion | 350 million | 10.5 | 1,800 |
| 2021 | 4.6 billion | 380 million | 11.0 | 2,000 |
| 2022 | 5.28 billion | 420 million | 12.0 | 2,400 |
The company is publicly traded on the Shenzhen Stock Exchange under the ticker Narada Power. As of October 2023, Narada Power's market capitalization stands at approximately RMB 15 billion. The stock price has shown volatility, but it has generally trended upward due to robust demand in clean energy markets.
In addition to its manufacturing capabilities, Narada Power has made significant strides in research and development, investing over RMB 200 million annually in innovation. This commitment has led to the development of eco-friendly battery solutions that align with global sustainability goals.
Narada's strategic collaborations have also played a vital role in its growth. Partnerships with major companies in the renewable sector have allowed Narada to expand its reach and enhance its technological capabilities. For example, a notable collaboration with a leading solar energy firm has facilitated the integration of storage solutions in solar power systems, contributing to a 30% increase in battery orders in 2022.
With the growing global emphasis on energy efficiency and storage, ZHEJIANG NARADA POWER SOURCE Co., Ltd. is well-positioned to capitalize on emerging trends in the energy sector, maintaining its status as a formidable player in the battery manufacturing industry.
A Who Owns ZHEJIANG NARADA POWER SOURCE Co. , Ltd.
Zhejiang Narada Power Source Co., Ltd., a leading manufacturer of energy storage products, is publicly traded on the Shenzhen Stock Exchange under the ticker symbol 300368. The company specializes in the production of lead-acid batteries and lithium batteries, making significant contributions to both renewable energy and electric vehicle sectors.
As of the latest report, Zhejiang Narada Power Source has a market capitalization of approximately ¥28.09 billion ($4.4 billion). The company’s revenue for the fiscal year ending December 31, 2022, was reported at ¥19.25 billion ($3.03 billion), a growth of 12.3% compared to the previous year.
Ownership of the company is structured among various shareholders, including institutional investors, retail investors, and corporate entities. The largest shareholders include:
| Shareholder Type | Shareholder Name | Ownership Percentage | Number of Shares |
|---|---|---|---|
| Major Shareholder | Cheng Ning | 29.37% | 265,325,000 |
| Institutional Investor | China Life Insurance Co., Ltd. | 5.13% | 46,139,000 |
| Institutional Investor | National Social Security Fund | 3.87% | 34,905,000 |
| Institutional Investor | Ping An Insurance (Group) Company of China | 4.02% | 36,068,000 |
| Retail Investor | Public Float | 57.61% | 520,940,000 |
In the most recent fiscal year, the company reported a net profit of ¥2.84 billion ($447 million), with a net profit margin of approximately 14.75%. The earnings per share (EPS) stood at ¥1.43 ($0.22).
Furthermore, Narada Power has engaged in multiple joint ventures and partnerships focusing on electric power solutions. The company has invested heavily in R&D, with approximately ¥1.17 billion ($183 million) allocated for R&D initiatives in 2022, which accounted for 6.09% of its total revenue.
Given the ongoing transition to cleaner energy sources, Zhejiang Narada Power Source is well-positioned to capitalize on the growing demand for renewable energy solutions, which is projected to drive revenue growth in the coming years.
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. Mission Statement
ZHEJIANG NARADA POWER SOURCE Co., Ltd. operates with a mission to lead the global energy storage industry by providing innovative solutions that emphasize sustainability, efficiency, and reliability. Their commitment is reflected in their continuous investment in research and development, with a reported R&D expenditure of approximately 7.45% of their total revenue in 2022.
The company aims to enhance energy security and promote clean energy technologies. By 2023, Narada's battery production capacity reached 15 GWh, contributing significantly to their position as a leading manufacturer in the lithium-ion battery and energy storage sectors.
Narada prioritizes technological advancement as shown by their comprehensive patent portfolio, which includes over 600 patents related to battery technologies and applications. This focus on innovation is a key part of their mission to deliver high-performance products to diverse industries, including telecommunications, electric vehicles, and renewable energy storage.
| Year | Revenue (in million RMB) | Net Profit (in million RMB) | R&D Expenditure (as % of Revenue) | Battery Production Capacity (in GWh) |
|---|---|---|---|---|
| 2020 | 4,620 | 380 | 6.8% | 10 |
| 2021 | 5,180 | 450 | 7.1% | 12 |
| 2022 | 6,100 | 520 | 7.45% | 15 |
| 2023 (Projected) | 7,000 | 600 | 7.8% | 20 |
In terms of environmental commitment, Narada has decreased its carbon footprint by 30% over the last five years, aligning with global sustainability trends. They are on track to achieve carbon neutrality by 2030, a goal that reflects their mission to contribute positively to the environment.
This mission is further reinforced by collaborations with strategic partners. In 2022, Narada entered into partnerships with global renewable energy firms to expand its footprint in the energy storage market. These alliances aim to integrate cutting-edge technologies and establish shared goals for advancing sustainable energy solutions.
Narada's focus on the integration of advanced battery technologies has led to the development of hybrid energy storage systems, showcased in projects with a cumulative installed capacity of over 100 MWh. This reflects their commitment to fostering innovative solutions that meet the changing demands of the global energy market.
How ZHEJIANG NARADA POWER SOURCE Co. , Ltd. Works
Zhejiang Narada Power Source Co., Ltd., established in 1994, operates primarily in the energy storage and battery manufacturing sectors. The company is renowned for its lead-acid and lithium-ion batteries, serving various applications including telecommunications, renewable energy, and electric vehicles. In 2022, Narada reported a revenue of approximately RMB 5.5 billion (about $840 million), marking a year-on-year increase of 15%.
The company has a diverse product lineup that includes:
- Lead-acid batteries
- Lithium-ion batteries
- Energy storage systems
Narada operates multiple production facilities, with a total manufacturing capacity exceeding 10 GWh. This scale enables them to meet the growing demand in sectors such as grid energy storage and electric vehicles.
| Product Type | Annual Production Capacity (GWh) | Market Share (%) |
|---|---|---|
| Lead-acid Batteries | 6 | 25 |
| Lithium-ion Batteries | 4 | 15 |
| Energy Storage Systems | 2 | 10 |
In 2021, the company invested RMB 600 million (~$90 million) in R&D, focusing on enhancing battery performance and reducing costs. This led to the development of a new generation of lithium-ion batteries with an energy density of up to 300 Wh/kg.
Narada's export market is also robust, with approximately 30% of its sales generated from overseas markets, including Europe, North America, and Southeast Asia. The company has established partnerships with major global firms, contributing to its international growth.
Financially, Narada has maintained a strong balance sheet with total assets amounting to RMB 8 billion (about $1.2 billion) and a net profit margin of 10% in 2022. This profitability is underpinned by effective cost management and a focus on high-margin products.
The company's stock, traded on the Shenzhen Stock Exchange, has shown resilience, with a year-to-date increase of 20% as of October 2023. Market analysts project further growth, driven by increasing demand for renewable energy and electric vehicles.
In addition to battery production, Narada is actively involved in the research and development of energy storage technologies. The establishment of its Innovation Center in 2021 aims to drive advancements in smart energy solutions, which is expected to further bolster its market position.
As of the last reported quarter, Narada held a backlog of orders worth RMB 1 billion (~$150 million), highlighting strong demand and a positive outlook for future revenue growth.
How ZHEJIANG NARADA POWER SOURCE Co. , Ltd. Makes Money
Zhejiang Narada Power Source Co., Ltd. is a leading manufacturer in the energy storage solutions and battery production sector. The company generates revenue through various lines of business, mainly focusing on high-performance lead-acid batteries and lithium battery systems. As of 2022, the company reported total revenues of approximately RMB 9.2 billion, reflecting a strong demand for its products in both domestic and international markets.
The company’s revenue streams can be categorized into several segments:
- Production of traditional lead-acid batteries
- Manufacturing of lithium batteries for electric vehicles (EVs)
- Energy storage systems for renewable energy applications
- Research and development services
The lead-acid battery segment accounted for around 70% of Narada's total sales in 2022, significantly contributing to its financial stability. The company sold approximately 28 million lead-acid batteries in that year alone, maintaining a steady growth trajectory.
| Segment | 2022 Revenue (RMB) | Percentage of Total Revenue | Market Growth Rate (%) |
|---|---|---|---|
| Lead-Acid Batteries | 6.44 billion | 70% | 5% |
| Lithium Batteries | 1.84 billion | 20% | 15% |
| Energy Storage Systems | 720 million | 8% | 25% |
| R&D Services | 160 million | 2% | 10% |
In the lithium battery market, Narada has also experienced significant growth, with revenues reaching RMB 1.84 billion in 2022, which represents a notable increase from the previous year. The demand for lithium batteries is being driven by the growing electric vehicle sector, where Narada has established partnerships with several major automotive manufacturers.
The energy storage systems division has emerged as a critical growth area, with revenues of RMB 720 million in 2022, marking a substantial growth rate of 25%. This is largely attributable to the increased global focus on renewable energy solutions and the integration of energy storage technologies to support these initiatives.
Research and development services provided by Narada accounted for approximately RMB 160 million, emphasizing the company's commitment to innovation. Research efforts are often directed towards enhancing battery life, efficiency, and environmental sustainability.
Furthermore, Narada has been expanding its international footprint, with exports accounting for around 30% of total sales in 2022. The company's strategy includes strengthening its supply chain, which is supported by its production facilities located in various regions, ensuring a robust supply of components.
Looking into the future, Narada Power Source is also focusing on new product development, particularly in solid-state batteries and smart energy storage solutions, positioning itself to meet anticipated market demands and environmental regulations.
The company's gross margin has been relatively stable, hovering around 25% in recent years, enabling it to invest in new technologies and market expansions without sacrificing profitability.
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