On April 17, Far East Corporation (600869.SH) disclosed its 2022 annual report and announced its 2023 financial budget report at the same time. The company said that it will continue to respond to the strategic layout of the country to accelerate the construction of a strong manufacturing country, a strong quality country, a strong spaceflight country, a strong transportation country, a strong network country, and a strong digital China, focus on the main industry, strengthen the industry, and deeply cultivate the three major industries of intelligent cable network, intelligent battery, and intelligent airport, and strive to promote high-quality development to achieve a new leap. It is expected that in 2023, the revenue will be about 28 billion yuan, and the net profit will be about 1 billion yuan.
Intelligent cable network field, the domestic cable industry market size of more than trillion, but the industry pattern is still scattered, the future industry market share to the head is an inevitable trend. On the one hand, high-quality development of the people, the state society on the cable industry to strengthen the rectification, industry development continues to standardize, the head of the enterprise order and brand influence gradually improve; on the other hand, "fourteen five" period, the cable industry into the integration of the wind mouth, the industry head of the enterprise has the "high-tech, High-quality, high-efficiency, low-cost" competitive advantage has accelerated the embodiment, the head of the enterprise market share is expected to increase rapidly. At the same time, the state put forward "to build a new power system with new energy as the main body", to the state grid, the south network as a representative also put forward will continue to increase the intensity of investment, will accelerate the process of industry consolidation. 38 pectus pectus, 25 years of industry leadership, 2023, with the landing of the sea cable, fiber optic cables and other projects, as well as the expansion of Yibin and Yixing headquarters production capacity, scale and profitability is expected to continue to improve. , scale and profitability is expected to continue to improve.
Intelligent battery field, in the green economy and "dual-carbon" target vision of the pull, new energy vehicles, energy storage, power tools, light travel and other market demand for lithium batteries will continue to grow steadily. Energy storage field, especially household energy storage, mobile energy storage market outbreak, overseas market demand is huge, large-scale energy storage by the mandatory distribution of storage and other policy-driven rapid growth, industrial and commercial energy storage economic gradually embodied demand is expected to grow. The company focuses on the layout of the energy storage field, continue to deepen the layout of the overseas market, seize the household energy storage market share, and give full play to the advantages of the "cable storage" synergistic platform, layout of the power generation side, industrial and commercial energy storage system, the quality of operation is expected to improve rapidly; at the same time, the company will focus on 5μm, 6μm and high resistance to high extension of the rapid increase in copper foil production Meanwhile, the company will focus on the rapid increase of copper foil production of 5μm, 6μm and high-resistance and high-extension, and rapidly promote the construction of high-precision lithium copper foil project in Far Eastern Yibin Intelligent Industrial Park to further increase market share.
In the field of smart airports, the construction of smart airports is the main line of development of the industry in the "14th Five-Year Plan" and the future direction of China's airport construction, and the digital transformation and the construction of smart airports are also showing in-depth development. Beijing Aviation Security is one of the five national airport professional engineering enterprises with Grade 1 qualification, and the number of bids won in 2022 remains the first in the industry. With the continuous improvement of R&D and innovation capability, the comprehensive competitiveness will be further enhanced.
Far Eastern shares of the intelligent cable network segment of the sea cable discharge is imminent, is expected to continue to lead; lithium battery business overseas household storage discharge is imminent, industrial and commercial energy storage and power generation side of the energy storage is expected to rely on the "cable storage all-in-one" strategy of rapid landing; copper foil production capacity to accelerate the expansion of the industry leader in the Beijing aviation security, steady contribution to the performance. Far Eastern shares three wings molding, firm new energy development, Yu RuYuYiCheng.
