SMM, July 2: at the start of trading today, the stock price of Azure Lithium Core fluctuated higher, rising more than 7.3% at one point. By midday's close, Azure Lithium rose 7.33% to 20.79 yuan per share.
Yesterday, Azure Lithium Core revealed its half-yearly performance forecast for 2021. According to the forecast, the company expects the net profit attributed to listed shareholders to reach 3.2-350 million yuan from January to June this year, up 346.31 to 388.15% from the same period last year.
As for the reasons for its expected performance growth, Azure Lithium explained that the company's performance was not satisfactory because it was greatly affected by the epidemic in the same period in 2020. In the first half of 2021, the company's business is in good condition. Not only that, during the reporting period, the company's lithium battery business was also in a state of full production and sales, which increased greatly compared with the same period in 2020 and became the largest source of profits for the company.
According to public data, Azure Lithium Core was listed in 2008, and the company is mainly engaged in three major businesses: LED chips, lithium batteries and metal logistics and distribution. Up to now, the company has a top-level automatic production line of cylindrical lithium battery and a large-scale production capacity of cylindrical power lithium-ion battery, which is in a leading position in the field of tool-type power lithium battery in China.
It is worth mentioning that on June 23, Azure Lithium Core also said on the interactive platform that the company has an annual production capacity of nearly 400 million lithium batteries, and that 300 million more will be added when the Zhangjiagang Phase II project is put into production in the fourth quarter of this year. Azure Lithium Core said on June 10 that the civil construction and completion of the Zhangjiagang Phase II expansion project have been completed, and the equipment is expected to enter the market in early July and be put into production in early October.
In mid-late May, Azure Lithium Core also said frankly that the company's lithium battery capacity is currently in short supply, the existing capacity is full of sales, and the Huai'an project is expected to be put into production by the end of next year. It is reported that in June, the Huai'an lithium battery project has signed the "confirmation of online transaction of the right to the use of state-owned construction land", the "Land transfer contract" will be signed, and the design of the first phase of the project will be submitted to the local competent department for examination and approval.
After the completion of the first phase of the Huaian lithium battery project, the company's lithium battery capacity will increase by another 600 million, and in the future, the blue lithium core will also carry out capacity construction according to the needs of the market.
Benefiting from the good development of lithium battery business, the net profit of Azure Lithium Core belonging to listed shareholders reached 160 million yuan in the first quarter, up 1508.53% from the same period last year.
As we all know, with the vigorous development of the new energy vehicle industry, the lithium battery industry is also on the rise. According to the historical price of SMM, battery-grade lithium carbonate, which is only one of the raw materials of lithium battery, now has an average spot price of 87500 yuan per ton, which is 120% higher than last year's low price.
"Click to view the historical price of SMM
However, as the major lithium enterprises have expanded production, according to SMM research, lithium carbonate has been in a state of oversupply, smelters have inventory pressure. In the case of little change in the overall demand side in the third quarter, the price of lithium carbonate may be at risk of falling. "View details
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