Today, lithium iron phosphate leader German Nano tumbled 13.11%, and its share price fell nearly 16% from its peak after hitting an all-time high. A piercing Yin line reversed the K line for the previous six trading days, thus setting a new low for nearly seven trading days. On the news side, Ningde Times bought a stake in Hunan Yuneng, a competitor of German Nano, and Longyi Technology plans to acquire lithium iron phosphate-related assets and businesses within the scope of Bertre's consolidated statements, which will lead to a decline in the scarcity of German Nano.
The share price hit an all-time high and killed nearly 16% back.
Today, German Nano opened slightly higher, hitting an all-time high of 195.16 yuan on the stock price after closing the intraday gap, but then its trend plummeted, and after falling below the time-sharing average price line, the stock price fell rapidly. After retreating to around-4 per cent, some money came in to maintain the market, but a more ferocious decline began after 10:30, and the German Nano share price plummeted nearly 10 per cent to nearly 15 per cent within half an hour. and hit a new intra-day low of 162.03 yuan, with the share price falling nearly 16% from its intraday high. Since then, there has been a horizontal wobble around RMB170. by the end of the day, the German Nano reported 165RMB per share, with a total turnover of 658 million on the same day, a record amount and 8.82 per cent of hands changed hands.
It is worth noting that German Nano has been doing quite well in the past three months before the share price plummeted today. Since its launch on September 11, the share price has gone through two periods of significant gains, with periodic increases of 172% at one point. The main driving factor behind this is the rising price of lithium iron phosphate, which is highly sought after in the secondary market as the industry leader, German Nano.
According to insiders, the company's current capacity utilization is nearly saturated, and it is expected that the project will reach production capacity in the first quarter of next year, with an estimated release of 30,000 tons of new production capacity. According to public data, in the first half of 2020, China's total output of lithium iron phosphate was 48000 tons, with Germany accounting for 27.2% of the nanometer market.
In addition, the gross profit margin of lithium iron phosphate enterprises this year is still relatively low, with the future expansion of the market is expected to increase profits. It is under such a good expectation that German Nano has embarked on a journey of doubling and soaring. In fact, it is not just German Nano, A shares involving lithium iron phosphate listed companies, such as Guoxuan Hi-Tech, Ningde era, Yiwei Lithium Energy, BYD and other nearly three performance are very strong.
This is mainly due to the increase in global demand for new energy vehicles during the peak season, driving the increase in the installed capacity of lithium iron phosphate. According to the statistics of the China Automobile Association, from August to October this year, the installed capacity of lithium iron phosphate power batteries in China increased by 100.2%, 146.1% and 127.5% respectively compared with the same period last year, doubling for three consecutive months compared with the same period last year. Industry insiders said that this is mainly due to the rapid release of demand for lithium iron phosphate in market segments such as 5G base station energy storage, electric ships, power tools and shared power exchange.
It is rare for domestic well-known institutions to suggest the differentiation of the high trend plate of huddling risk.
As for today's slump, market analysts believe that it is mainly related to the news over the weekend. Citic Securities said in a research report over the weekend that multiple disturbances at the end of the year and the beginning of the year are expected to lead to the disintegration of parts of the market. Judging from the past situation of domestic institutions, research reports with bearish color are rarely released, and some market analysts believe that such a clear-cut hint of risk may pose a certain psychological pressure on some sectors that have continued to rise recently.
But on the whole, this does not change the general trend of the industry. Tianfeng Securities Research report believes that the market share of lithium iron phosphate battery continues to rise, the industry will usher in a boom phase. Due to the hot sales of iron-lithium models such as Tesla Model3 iron-lithium version, BYD Han and Hongguang miniEV, the installation rate of lithium iron phosphate in passenger cars has increased significantly, and the overall permeability has reached 32.98%, reaching the level for the whole year of 2019. In addition, iron-lithium batteries are also widely used in commercial vehicles, energy storage, two-wheeled vehicles and other fields, the market share of lithium iron phosphate batteries will continue to rise, and the corresponding iron-lithium cathode materials will also usher in a stage of rapid development.
Zhongyuan Securities pointed out that lithium iron phosphate will benefit from increased energy density and the use of moduleless technologies such as CTP/ blades. For the new energy vehicle sector, it emphasizes that there are five main lines of investment in 2021: the first is the leader in the subdivision of key materials of power lithium battery and lithium battery; the second is the domestic supply chain of Tesla; the third is the industrial chain of electrolyte and lithium iron phosphate; the fourth is the supply chain of lithium power equipment; and the fifth is the investment opportunities after cross-border integration of new energy vehicles with energy and transportation.
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