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In the past three years, orders for Vision Group's lithium battery business have been climbing and shipments have been steadily increasing. 2021, the company's lithium-ion battery section revenue exceeds 1 billion yuan. The performance target for this year is to continue the upward momentum.

As a pioneer and leader in the field of energy storage, after nearly 30 years of development and accumulation, the current business pattern of Vision (002733) is a three-horse cart: deep plowing lead-acid, innovative lithium-ion and forward-looking hydrogen energy, which can meet the needs of different application scenarios.

Lithium business becomes a new growth point for profit

As one of the earliest professional manufacturers engaged in the research, development and production of valve-regulated sealed lead-acid batteries in China, Xiontao was ranked first in the export volume of sealed lead-acid batteries in China for many years in a row. At present, the lead-acid segment is still the business segment that provides the largest revenue for the company, but the lithium battery business is developing into a major growth point for the company's profit.

In the past three years, orders for Vision's lithium battery business have been climbing and shipments have been steadily increasing. 2021, the company's lithium-ion battery section revenue exceeds 1 billion yuan. The performance target for this year is to continue the upward momentum.

The company has been vigorously exploring new customers downstream of lithium batteries, except for some customers for the conversion of the original lead-acid battery business customers, the vast majority of revenue from the lithium battery section from the newly developed customers.

In terms of lithium production capacity construction, Vision's current lithium plate annual production capacity has reached 2 billion watt hours. Among them, Hubei Xiontao lithium production base project with a total investment of 1 billion yuan, in three phases of construction. The first phase of the project, with a capacity of 1 GWh (equivalent to 1 million KWh), will be fully produced by the end of 2021, with an annual output value of nearly 1 billion yuan; the second phase of the project has also started construction and has completed project filing, equipment layout and process path confirmation, equipment procurement, the main structure of the plant has been completed, and will be fully put into production in 2022. The second phase of Hubei Xiongtao Lithium project mainly produces 5G communication lithium batteries, energy storage lithium batteries, power lithium batteries, hydrogen energy supporting lithium batteries and other equipment, with an annual production capacity of up to 2 billion watt hours.