特锐德电力设备“智能制造+集成服务”业务包括箱变、预制舱等业务。随着国家持续加大在光伏、风电和电网等行业的投资，电力设备的需求持续被推动。① The profitability of the two sectors, "Intelligent Manufacturing + Integrated Services" and Electric Vehicle Charging Network, continues to increase, and Qingdao Tgood Electric expects a significant year-on-year increase in net profit in the first half of 2024. ② In January-May 2024, the company's charging volume was about 4.772 billion kWh, and the cumulative charging volume of the company has exceeded 30 billion kWh.
The profitability of two sectors, "intelligent manufacturing + integrated services" and electric vehicle charging network, of Qingdao Tgood Electric (300001.SZ) continues to increase, and its net profit is expected to increase significantly year-on-year in the first half of 2024.
Qingdao Tgood Electric released a performance forecast on the evening of July 7, expecting the net profit attributable to the shareholders of the listed company to be around 1.79 billion yuan to 2.07 billion yuan in the first half of 2024, a year-on-year increase of 90% to 120%.
Qingdao Tgood Electric's smart manufacturing and integrated service business for power equipment includes box-type transformers, prefabricated substations, and other services. As the country continues to increase investment in the photovoltaic, wind power, and power grid industries, the demand for power equipment continues to be driven.
The company has issued a stock-based incentive plan and employee shareholding plan. The company's (excluding Telegood) performance target for 2025 is based on the 2023 revenue, and the revenue growth rate in 2025 is no less than 32%; based on the 2023 net income, the net income growth rate in 2025 is no less than 35% (either one is satisfied).
As for the charging sector, according to charging alliance data, as of May 2024, Telegood had a public charging pile quantity of 5.768 million units, with a market share of 18.9%, ranking first in the industry; charging power has reached 20.81 million kW. From January to May 2024, the charging volume was about 4.772 billion kWh, and the company's cumulative charging volume has exceeded 30 billion kWh.
The continuous growth of the number of new energy vehicles is expected to drive the company's charging scale to further expand.
As of the end of 2023, the number of new energy vehicles in China was 20.41 million. According to data from the China Association of Automobile Manufacturers, from January to May of this year, the domestic sales of new energy vehicles were 3.374 million units, a year-on-year increase of 35.9%. It is expected that the domestic sales will reach 10 million units in 2024, a year-on-year increase of 30%. By then, the total number of new energy vehicles in China will exceed 30 million.
It is worth noting that the company continues to improve the layout of the charging network. The company recently replied to investors in Easy Interactive, stating that Telegood has obtained sales qualifications in multiple provinces across the country and has participated in spot trading in Shandong, Guangdong, and other places. The company has built a virtual power plant platform based on "charging network, microgrid, and energy storage network," which efficiently aggregates resources such as electric vehicle charging and discharging, distributed power generation, and graded battery energy storage through the charging network to participate in interactive vehicle network auxiliary services and demand-side response, realizing the increase in energy value.
