On June 15, the lithium battery sector encountered a "Waterloo" after a brief shock in the morning, falling more than 0.92% at one point. At the same time, lithium battery stocks are collectively weak, of which Tianqi lithium industry, Shengxin lithium energy and other upstream resource stocks bear the brunt, Tianqi lithium industry once hit the limit. Since June 4, it has easily reached "four boards in six days"-- Yongtai Technology, which has a brilliant record of four trading limits in six days and a weekly increase of 33.87%, has finally put an end to its previous rising trend, falling as much as 7.5% at one point.
On June 14, Yongtai Technology issued an announcement on its previous abnormal stock price fluctuations, saying that due to the influence of downstream demand, the company's lithium materials market price has a certain degree of uncertainty. and considering that the business income of lithium battery materials accounts for only 8.41% of the company's consolidated revenue, less than 10% accounts for a relatively small situation, investors should pay attention to the risk when investing; On the other hand, the construction cycle of the company's projects under construction is affected by many factors, such as project approval, market supply and demand, funds and other factors, and the specific production time and benefits are uncertain.
According to public data, Yongtai Technology was founded in 1999 and has developed into a chemical manufacturer with a complete global product chain and large production capacity, and its products are widely used in pharmaceuticals, pesticides, liquid crystal materials and other fields. It is worth mentioning that its deeply ploughed fluorinated chemicals also cover the popular lithium industry. In the May roadshow, Yongtai Technology publicly announced that it would make great efforts to develop the pharmaceutical sector and lithium electricity and other materials.
Moreover, on May 14, Yongtai Technology also replied to investor messages on the investor interactive platform that the company's annual production capacity of 6000 tons of lithium hexafluorophosphate and 1500 tons of lithium difluorosulfonimide is under construction and is progressing smoothly. the time to reach production depends on the progress of the project, and if it goes well, the company will have a capacity of 8000 tons of lithium hexafluorophosphate by the end of 2021.
As we all know, lithium hexafluorophosphate as one of the important components of the electrolyte, in the current imbalance between supply and demand, its price increase has been close to 300%, the performance is particularly strong. Yongtai Technology even admitted that the rise in the price of lithium hexafluorophosphate had a positive impact on the company; at the same time, lithium difluorosulfonimide was used as a lithium hexafluorophosphate additive to improve the weather resistance and cycle life of lithium battery. with the popularity of lithium hexafluorophosphate and lithium batteries, it is gradually highly expected by many enterprises.
At present, Yongtai Technology already has the ability to mass produce lithium difluorosulfonimide. According to the first securities analysis, by 2025, the market size of lithium difluorosulfonimide is expected to reach 10 billion yuan, and because its products have high technical threshold and limited production capacity, currently enjoy a high premium, is expected to become a new profit growth point of the company.
However, as Yongtai reminded in the unusual volatility of its share price, the lithium battery materials business does not account for a large proportion of its total revenue in 2020, so it will not have a decisive impact on the company's overall business.
Related reading: [hot stocks] Lithium stocks weakened across the board. Tianqi Lithium Industry once hit the daily limit of Sheng Xin LiNeng and other stocks fell by more than 6%.
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