Intensive pre-increase terminal consumption in the middle reaches of lithium battery, strong assist pole, electrolyte stock price elasticity or greater

Driven by downstream demand, suppliers of lithium battery materials have submitted beautiful transcripts.

After trading on April 6, Dangsheng Technology announced that the net profit attributable to shareholders of listed companies is expected to be 120 million yuan to 150 million yuan in the first quarter of 2021, an increase of 260.66% Rue 350.83% over the same period last year. The main reason for the sharp increase in net profit compared with the same period last year is the release of new production capacity of lithium cathode materials, a substantial increase in sales and a sharp increase in net profit compared with the same period last year.

After the same day, polyfluorodo announced that the net profit attributed to shareholders of listed companies in the first quarter of 2021 is expected to be 90 million yuan-95 million yuan, an increase of 7183.91% 7588.57% over the same period last year. The main reason for the substantial increase in operating results in the first quarter of 2021 compared with the same period last year: due to the strong market demand for related products in the company's new materials sector, it continued to be in a state of full production and full sales, resulting in a substantial increase in profitability.

And just last week (April 2), Shanshan shares announced that it is expected to make a net profit of 250 million-280 million yuan in the first quarter, a substantial turnround compared with the same period last year. The prosperity of the downstream new energy vehicle market continues, and the company's sales of positive and negative materials are steadily increasing. In addition, the company plans to invest in Inner Mongolia Baotou lithium-ion battery anode materials integration base project (phase II), fixed assets investment of about 1.535 billion yuan.

Rongbai Technology also released a pre-increase announcement on March 8, predicting a year-on-year increase in net profit of 256.75% to 90 million yuan-120 million yuan in the first quarter compared with the same period last year. It said that orders increased significantly in the first quarter of 2021, capacity utilization remained at a high level, and sales of high-nickel series cathode materials increased significantly, promoting the current performance to achieve a large increase compared with the same period last year.

Lithium materials production and marketing Liangwang new energy vehicles become the "strongest assists"

As can be seen from the above announcement, the main reason for the increase in net profit is the strong demand downstream, the company further released production capacity, a big increase in sales, and new energy vehicles can be described as "the strongest assists."

According to the data, the growth rate of domestic sales of new energy vehicles from January to February was better than expected. In February, domestic sales of new energy vehicles reached 110000, a year-on-year increase of 584.7%. The average sales in the first two months of this year were only 41.7% lower than those in December 2020, significantly lower than the average of 78% in previous years. Q1 sales are expected to reach about 500000, with more than 2.1 million for the whole year. The European market maintained rapid growth of more than 50 per cent from January to February compared with the same period last year and is expected to exceed 2 million vehicles last year.

Tesla's delivery volume hit a new high in the first quarter, with a total of 185000 Q1 deliveries in 2021, which was + 108.8% and 2.3% respectively compared with the same period last year. The delivery volume of new car builders Lai, Xiaopeng and ideal in March was 7257 / 5102, 4900, respectively, which was 373.4%, 384.0% and 238.6% compared with the same period last year, all of which achieved good growth.

According to the research summary of Dangsheng Technology on March 24, the company said that with the explosive growth of the global new energy vehicle market, shipments of power multi-cathode materials are expected to continue to increase in the future.

According to a research report released by Societe Generale Securities on February 3, domestic demand for new energy vehicles is expected to resonate with overseas demand in 2021, the global automobile electrification wave has arrived, and there is a huge space for lithium materials, and some leading Chinese lithium materials enterprises are expected to take advantage of the situation to compete with multinational giants and become the giants leading the global wave.

Lithium materials run through the market and the stock price of positive materials and electrolytes is more flexible.

Capital Securities released a research report on March 22, saying that driven by strong demand downstream, materials in the middle reaches of lithium electricity continued to be fully produced since the fourth quarter, and prices continued to rise rapidly in some areas where supply and demand were tight. On the whole, under the background of the rapid growth of demand and the improvement of supply and demand pattern, the annual revenue of the industry is expected to grow rapidly, and the middle reaches of lithium power is expected to show a trend of volume increase and stability. Some of the more obvious improvements in supply and demand will show a trend of both quantity and profit.

After the adjustment from 2018 to 2020, China has become the healthiest and most competitive market for new energy vehicles in the world, according to a research report released by a new researcher at CITIC Construction on January 3. The volume at the end of 2020 is not a small cycle, but the starting point of the cycle throughout the next few years. Ningde era starts the 39 billion production expansion plan, and the leading shipments will open the 100 GWH era and stride into the TGWh era.

After reviewing the market of new energy vehicles from 2015 to 2016, the agency found that there are the following characteristics: 1) lithium materials including upstream run through the whole market, and the market persistence of other links is obviously weak; 2) except for resource attribute plates such as lithium carbonate and lithium hexafluorophosphate, the stock price elasticity and price elasticity of cathode materials and electrolytes are obviously greater; 3) the final driving force of that market became the expectation of policy.

The agency proposes to continue the layout of tight supply and demand and price transmission links: lithium hexafluorophosphate link polyfluorine, Skyline shares, electrolyte industry chain Divine material New Zebang, Lithium Iron Phosphate industry chain German Nano, positive material link should be upgraded to science and technology, capacity of science and technology; copper foil and so on.