-(14)Analysis of the Value of 12 Concept Stocks in the Hot Lithium Battery Market

(14)Analysis of the Value of 12 Concept Stocks in the Hot Lithium Battery Market
author:enerbyte source:本站 click247 Release date: 2023-10-13 09:07:14
abstract:
Spruce Smart has developed rapidly and is steadily moving towards the goal of becoming the largest comprehensive service operator for new energy vehicles in China. Spruce Smart's comprehensive operation services for new energy vehicles include three aspects: vehicle leasing, intelligent in...

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Spruce Smart has developed rapidly and is steadily moving towards the goal of becoming the largest comprehensive service operator for new energy vehicles in China. Spruce Smart's comprehensive operation services for new energy vehicles include three aspects: vehicle leasing, intelligent interconnection, and professional operation and maintenance. By integrating resources such as car manufacturers and equipment suppliers, we will package the investment, construction, operation of charging infrastructure, vehicle procurement, after-sales maintenance, intelligent management, and safety monitoring related services in the promotion process of new energy vehicles to provide customers with comprehensive services. In May of this year, the operation of Spruce Smart Passenger Cars (Shanghai) was officially launched, with the first batch of 50 passenger cars put into operation. The SAIC Roewe E550 was chosen as the model, which has a hybrid comprehensive driving range of 600km and 1.6L ultra-low fuel consumption. The pure electric mode has a range of 60km, covering the living radius of most office workers and meeting daily commuting needs. Urban travel is basically zero fuel consumption, truly achieving green, efficient and energy-saving. Taking this opportunity, Spruce Wisdom plans to launch 1600 new energy vehicles (including 1000 passenger cars, 500 logistics vehicles, and 100 passenger cars) in Shanghai in 2016 to meet the green travel needs of Shanghai citizens. In Shenzhen, the first port electric vehicle charging station invested by the company, the Luohu Port Charging Station, was completed on June 20th and will soon provide charging services to the main electric vehicle owners in Shenzhen. The Luohu Port Electric Vehicle Charging Station is located on the 7th floor of the parking lot of the Luohu Port Traffic Building, and a total of 40 3.3kw AC charging piles will be constructed, which can serve new energy vehicles such as BYD Tang and Qin. All charging stations comply with the latest national standards implemented on January 1, 2016, are compatible with all mainstream automotive brands in the market, and have safety features such as "rain proof, collision proof, anti-theft, leakage protection, and emergency stop button". They are insured against safety insurance. New energy car owners can download and recharge the Cloud Electric Pile APP through their mobile phones, or purchase a Spruce Smart Charging Card to use charging services.

Profit forecast and investment rating: The company is expected to have EPS of 0.45 yuan, 0.53 yuan, and 0.58 yuan from 2016 to 2018, corresponding to PE of 38, 33 times, and 30 times, respectively, maintaining a "buy" rating.

(Due to the investment income of 520 million yuan generated from the sale of equity in Ningbo Bank in the 2015 net profit composition, which accounted for a relatively large proportion of the investment income. Our profit forecast for 2016-2018 only focuses on the company's operational business, without considering other factors. Therefore, the 2016 performance forecast shows a significant increase in operating income and a year-on-year decrease in net profit. This is to be explained.).

Risk reminder: The uncertainty of the H-share split listing; The uncertainty of new energy vehicle policies; The fluctuation of battery raw material prices brings uncertainty to profitability.

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