On October 25, Quanchai Power rose and fell in the intraday. This is the second increase after August 12 and August 18.
What is the "pusher" behind the full diesel power limit?
In 2021, sales and revenue will be increasing
As a leader in the internal combustion engine industry, with excellent product strength, quanchai power sales in 2021 are very eye-catching.
According to the data of the "China Internal Combustion Engine Industry Sales Monthly Report" of the Internal Combustion Engine Industry Association, the sales volume of all-diesel multi-cylinder diesel engines 1-9 in 2021 was 331,700 units, an increase of 19.34% year-on-year. In the powertrain market share of 7.88%, the share growth rate ranked first in the top five companies, sales volume ranked first in the engine industry.
In the face of the ups and downs of the commercial vehicle market in 2021, especially in view of the sharp turn of the commercial vehicle market situation in the second half of the year from July to September, many companies are facing the dilemma of "sales waist cut". Quanchai's diesel engine sales in the commercial vehicle field have bucked the trend. From January to September, the sales volume of diesel engines of all diesel commercial vehicles not only achieved a cumulative increase exceeding the industry, but also one of the few enterprises in the industry that achieved positive growth in a single month year-on-year.
From the perspective of financial status, the 2021 interim report of Quanchai Power shows that the company's main revenue is 2.698 billion yuan, up 24.39% year-on-year; the net profit attributable to the mother is 113 million yuan, up 14.94% year-on-year; among them, in the second quarter of 2021, the company's single-quarter main revenue is 1.368 billion yuan, up 1.95% year-on-year.
In December 2020, the sales of all diesel engines exceeded 370,000 units, a new high in five years, and in the first three quarters of 2021, the sales of full diesel engines alone exceeded 330,000 units, and there is no suspense in 2021 to break the record of last year.
In line with the National VI, the new blue brand products are fully prepared
The breakthrough of the achievements comes from the comprehensive and rich product series of quanchai, which currently has multiple platforms such as J/C/B, Q/H/G, etc., which can meet the power needs of commercial vehicles, agricultural machinery and other fields. However, with the continuous development of the transportation industry and the needs of the market segment are more refined, Quanchai keeps up with market changes and constantly updates its product platform.
In 2021, China VI will be fully implemented, and Quanchai has already launched the main products that meet the Emission Standards of China VI in June 2020. At present, Quanchai China VI has three major platform products of Q\H\G, including quanchai brand Q23\Q25\Q28 and high-end sub-brand Zhiwei H20\H25\H30 diesel series and G15T/G16/G18 Boyue series gasoline engine.
The Q25 is a 2.5L power that meets the regulatory displacement requirements by means of recovery cylinder liner based on the current Q28 and quickly developed through relevant adaptability verification. This power has the advantages of short development cycle, high product maturity, and exactly the same size as Q28 and interface size. Q25 products have been installed in 12 mainstream light truck enterprises such as Foton Times, Foton Aoling, Dongfeng Co., Ltd., Anhui Jianghuai, China FAW, SAIC Maxus, etc., and have the conditions for mass production. As of the 349th batch announcement of the Ministry of Industry and Information Technology, the proportion of models equipped with all-diesel in line with the new regulations of the blue brand has reached 1/3, ranking first in the industry.
H25 is a China VI 2.5L, 4-valve engine jointly developed by Quanchai, Ricardo, Tiantiansuo and Bosch, and is a member of the "Zhiwei" family of Quanchai's high-end four-valve diesel engine sub-brand. H25 is a product accurately developed by Quanchai with its own technical advantages and benchmarking customer needs. The H25 engine has also been developed in major mainstream light truck companies in China, and the announcement is under simultaneous declaration.
Boyue has three series of G15T/G16/G18, all of which are four-valve high-end gasoline engines on the National Six G platform, with power coverage of 80-110 kilowatts and 130-210 Nm of torque, which is 28% higher than that of The National V, and is faster and more suitable for urban heavy loads and mountain climbing. Low fuel consumption, 100 kilometers than the competitors save 8% -15%, strong reliability, the whole machine can reach 300,000 kilometers without overhaul, can be fully applied to high-end car, micro card, light truck and other market areas.
At present, the whole Chai Guo VI series products are widely used in Foton, Jianghuai, Dongfeng, Qingqi, Nanqi, Tangjun, Kaima, Shifeng and other brand models, and have formed supporting relationships with more than 20 automobile companies, with more than 11,000 model announcements. Quanchai combines the vehicle design of various car companies to carry out targeted development and debugging of supporting engine products, and has made sufficient technical reserves for each commercial vehicle enterprise to create high-end and reliable National VI products.
The new energy policy is good Quanchai seizes the opportunity
2021 is the year of the development of new energy, and recently, various national departments have also intensively introduced policies to promote new energy vehicles and carbon reduction.
On July 30, 2021, the meeting of the Political Bureau of the CPC Central Committee proposed: "Tap the potential of the domestic market and support the accelerated development of new energy vehicles." ”
On August 19, 2021, the Ministry of Commerce revealed at a press conference that the Ministry of Commerce is actively promoting the promotion of new energy vehicles in conjunction with relevant departments; continuing to guide the electrification of vehicles in key areas; and increasing the promotion and use of new energy vehicles in the public sector such as public transportation, taxi, logistics and distribution through various measures.
With the continuous development of new energy, Quanchai is also actively developing new vehicle power. Xie Li, chairman of Quanchai Group, stressed at the mid-year business meeting that Quanchai should take the "road of diversified development", form its own core competitiveness in the field of new energy, and seize the opportunity to focus on promoting the development of hydrogen energy during the 14th Five-Year Plan period.
On October 12, Quanchai Power issued an announcement showing that it agreed to use the non-public offering to raise 100 million yuan to raise funds in the form of pre-borrowing to anhui Zhongneng Yuanjun Hydrogen Energy Technology Co., Ltd. (hereinafter referred to as "Zhongneng Yuanjun"), a holding subsidiary, for the implementation of the "Hydrogen Fuel Cell Intelligent Manufacturing Construction Project".
According to the non-public stock offering plan disclosed by Quanchai Power in December 2020, a total of 750 million yuan was raised, of which the total investment in the hydrogen fuel cell intelligent manufacturing construction project was 136 million yuan, and the funds raised were 100 million yuan. It is planned to complete the construction of a proton exchange membrane laboratory, a membrane electrode laboratory, a testing center and a production workshop. After the project is put into use, the proton exchange membrane and membrane electrode are 20,000m2/year each, and the fuel cell power system has a production capacity of 2,000 sets/year.
At the same time, Quanchai will actively carry out the construction of hydrogen refueling stations and their supporting facilities to lay a technical foundation for the future.
At present, Quanchai has perfect independent research and development capabilities and calibration capabilities, and is advancing hand in hand on multiple development routes of the power system.
As a leading brand in the diesel engine industry after 72 years, Quanchai Group has grown from scratch to become bigger and stronger.
In 2021, Quanchai is persistently walking its own path of endeavor.