SMM August 30th: on August 26th, Yan'an Bikang released its 2021 semi-annual performance report. According to the report, the company's revenue in the first half of the year totaled 3.449 billion yuan, down 1.64 percent from the same period last year, of which the net profit belonging to shareholders of listed companies was 304 million yuan, an increase of 161 percent over the same period last year.
According to public data, Yan'an Bikang is mainly engaged in four categories of business: pharmaceutical industry, pharmaceutical commerce, new energy and new materials and pharmaceutical intermediates. Among them, in the new energy sector, the company's main product is lithium hexafluorophosphate, one of the core raw materials of lithium-ion battery electrolyte.
According to the announcement, the company's existing plant design capacity of lithium hexafluorophosphate is 5000 tons / year. After a series of revamping, the actual production capacity reaches 6400 tons / year, ranking in the forefront of the industry.
It is worth mentioning that during the reporting period, the demand for lithium batteries increased sharply, benefiting from the rapid development of the field of new energy vehicles. Lithium hexafluorophosphate, as an important solute in lithium-ion battery electrolyte, is widely used. In the case of imbalance between supply and demand, the price of lithium hexafluorophosphate rose rapidly during the reporting period, and the current market quotation has exceeded 400000 yuan / ton.
But even so, the current lithium hexafluorophosphate market still faces the situation of high investment intensity, long production expansion cycle and limited supply increase in the short term, so the market expects that under the tight supply and demand situation, the price of lithium hexafluorophosphate will remain high for some time in the future.
Therefore, Yan'an Bikang, which owns this business, has a unique advantage. On August 13, Yan'an Bikang also announced that its holding subsidiary Jiujiu Science and Technology signed a "long-term strategic cooperation agreement" with South Korea's Enchem Company. Jiujiu Technology has promised to supply not less than 432 tons of lithium hexafluorophosphate products to the latter from July 2021 to December 2022, not less than 1200 tons in 2023, and no less than 4800 tons from January 2024 to December 2025; at the beginning of August, the company also signed a "long-term cooperation agreement" with Shenzhen BYD supply chain Management Co., Ltd., the two sides agreed on the long-term supply of lithium hexafluorophosphate to BYD's supply chain.
With all these important news, Yan'an Bikang is famous only for its business of lithium hexafluorophosphate. On August 27th, Yan'an Bikang issued a forecast of its quarterly results for the first three years, boldly predicting that during the reporting period, it is expected to achieve a net profit of 550 million yuan to 600 million yuan belonging to shareholders of listed companies, an increase of 4207.51% to 4599.10% over the same period last year. Under the impact of such explosive news, Yan'an Bikang achieved a good result of 3 boards in 4 days. In today's lithium battery plate once again set off a trading tide at the same time, Yan'an Bikang rose again, and finally quoted at 12.42 yuan / share.
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