Optimistic about the energy storage market, KSTAR is developing a battery management system for energy storage battery
Cai Yanhong, secretary of the board of Kstar (002518.SZ), told the Great Wisdom News Agency on Thursday that GCL Yancheng, which is controlled by the company, is developing a battery management system that will be applied to the field of electric vehicles and power grids, and is looking forward to a breakthrough in the field of energy storage this year.

Cai Yanhong said that GCL Yancheng is still in the early stage of cooperation and intervention, and plans to convert the company’s main business from lithium-ion batteries to battery management systems, combining with Kstar’s advantages in the control field for research and development. “Currently, there are fewer orders. About two-thirds of the target users are in electric vehicles and one-third are in the grid.”

Kstar announced on January 2 that it will increase its capital in GCL Yancheng with free funds of 60 million yuan and acquire 65% of its shares. GCL Yancheng’s business scope covers lithium-ion battery business such as cathode materials for lithium-ion batteries and anode material manufacturing.

It is understood that in terms of electric vehicles, GCL Yancheng has developed Sunworth buses, King Long buses, State Grid Jiangsu Electric Power Company, Saipu Electric Vehicles, Dongtou New Energy and other customers; in terms of energy storage, GCL Yancheng has developed Nanrui Energy storage battery system customers such as Baosteel will gradually develop other strategic customers such as State Grid, China Southern Power Grid, and GCL-Poly Energy Holdings.

Since the beginning of this year, Kstar’s stock price has been rising steadily. On December 28, 2013, the company announced that due to major planning issues, the company’s stocks have applied for suspension of trading. It closed at 18.90 yuan per share on December 27, 2013. After the resumption of trading on January 2, 2014, the stock price continued to strengthen, and as of yesterday, it has achieved six consecutive positives. Yesterday’s highest stock price once rushed to 34.56 yuan/share, which was nearly double the closing price of the last trading day in 2013, and closed at 32.30 yuan/share yesterday.

Types of battery energy storage systems:

A power equipment analyst told the Great Wisdom News Agency that the strong share price of Kstar may be related to the recovery of the photovoltaic market. The company’s photovoltaic inverter sales are expected to increase, and it may also benefit from the recent new energy vehicle subsidy policy. Factors influence.

Cai Yanhong said in a joint survey conducted by institutions in January that in 2013, especially in the fourth quarter, the company’s photovoltaic inverter business rose rapidly; because the company’s traditional UPS products and inverter technology are of the same source and materials can be purchased centrally, the company is And the price has certain advantages.

Recently, the new energy vehicle sector has surged. The Ministry of Finance and other ministries and commissions announced on the 8th the “Notice on Further Doing a Good Job in the Promotion and Application of New Energy Vehicles.” The subsidy standard was revised to decrease by 5% and 10% respectively.Battery energy storage system (BESS)

Kstar’s main products include UPS, photovoltaic inverters, and lead-acid batteries. In the first three quarters of 2013, the company achieved operating income of 695 million yuan, a year-on-year increase of 15.70%, and realized a net profit attributable to shareholders of listed companies of 74.501 million yuan, a year-on-year increase of 24.23%. The company’s 2013 three-quarter report predicts that its net profit for 2013 will increase by 10%-40% to RMB 101-128 million.