SMM July 14: recently, after Tianqi shares, Enjie shares and Weilai Lithium Core and other lithium-related companies have issued their semi-annual report performance forecasts, enterprises led by Yongxing Materials have arrived belatedly. However, although the performance forecast was released a little late, but in the current lithium battery fire, the half-year performance of a number of companies is particularly remarkable.
Jiangte Motor:
On the evening of July 13, Jiangte Motor disclosed its performance forecast for the first half of 2021. It is expected that the company will achieve a net profit of 175 million yuan to 185 million yuan attributable to shareholders of listed companies in the first half of the year, an increase of 6214.73% over the same period in 2020, an increase of 6575.57%.
As for the reason for the change in the company's performance, Jiangte Motor said that since December 2020, the company's lithium carbonate has been affected by the surge in demand downstream of the business, resulting in a substantial increase in sales volume and a sharp increase in sales prices than in the past.
According to the historical price of SMM, as of July 14, the average price of SMM battery-grade lithium carbonate was 87500 yuan / ton, up 98.9% from December 2020.
"Click to see more historical SMM prices.
And it is worth mentioning that Jiangte Motor is rich in lithium ore resources. according to incomplete statistics, the total amount of lithium ore resources held or controlled is more than 100 million tons. In this era when resources are king, it is very important for the company to have sufficient mineral resources.
"Lithium Carbonate production and sales have increased sharply. Jiangte Motor's first-half net profit has increased by more than 62 times.
Fengyuan shares:
Fengyuan shares issued a performance forecast on the evening of July 13, saying that the company's return net profit in the first half of 2021 is expected to reach 20 million yuan to 24 million yuan, an increase of 485.77 percent over the same period in 2020.
As for the reasons for the performance changes, Fengyuan shares said that during the reporting period, driven by the rapid growth of the downstream industry, the company's focus on the development of new energy lithium battery cathode materials industry ushered in a historic opportunity, and the company's sales revenue of cathode materials products increased rapidly compared with the same period last year.
On July 2, Fengyuan shares also announced that Fengyuan LiNeng, a wholly-owned subsidiary of the company, plans to sign an "Investment Cooperation Agreement" with Anhui Jintong New Energy vehicle Phase II Fund Partnership, and the two sides plan to jointly invest in the establishment of Fengyuan Lithium Energy holding subsidiary Anqing Fengyuan Lithium Technology Co., Ltd., in Anqing Economic Development Zone, Anhui Province. It is planned to build a production base of lithium iron phosphate cathode materials with an annual production capacity of no more than 25000 tons.
On the same day, the company also announced that it plans to use 310 million yuan to increase Fengyuan lithium energy to implement the construction project of high nickel ternary material with an annual production capacity of 10000 tons of lithium-ion battery. It is worth mentioning that recently, affected by the continuous rise in the price of cobalt and nickel salt, the price increase of ternary precursors and ternary materials is very considerable. Take the ternary material (523 / power) as an example, according to the spot quotation of SMM, as of July 14, the average price of the ternary material (523 / power) was 170000 yuan / ton, up 15.6% from June 18, or 23000 yuan / ton in less than one month.
"Click to see more SMM metal spot prices.
When promoted to science and technology:
On the evening of July 12, when Sheng Technology released its first-half 2021 results forecast, the company is expected to achieve a net profit of 4.1-450 million yuan in the first half of the year, an increase of 180.67% and 208.05% over the same period last year.
As for the reasons for the change in performance, Dangsheng Technology said that it was mainly due to the rapid release of the company's capacity of lithium cathode materials and a substantial increase in sales under high demand. In late June, Dangsheng Technology also raised 4.645 billion yuan for the construction of cathode materials, further deepening its influence in the field of cathode materials.
"Lithium cathode materials business is developing well. Dangsheng Technology expects net profit to soar by 180.67% to 208.05% in the first half of the year.
Topband shares:
On the evening of July 12, Topang issued a forecast of its 2021 half-year results, saying that the company's first-half net profit is expected to reach 397 million-439 million yuan, an increase of 90% to 110% over the same period last year.
During the reporting period, Tuobang, which has been deeply cultivated in the field of intelligent control for many years, relying on the core technology of "three electricity and one network", has achieved rapid growth in household appliances, tools, lithium applications and industry.
After the release of its semi-annual report, including Guotai Junan, Huachuang Securities, Guoxin Securities and other institutions have given Tuobang Securities recommendations or buy ratings, and made a very optimistic forecast for its net profit in 2021.
Yongxing material:
On the evening of July 12, Yongxing released a half-year performance forecast for 2021, saying that the company's first-half net profit is expected to reach 294 million yuan to 310 million yuan, an increase of 80.00% to 90.00% over the same period last year.
Referring to the reasons for the performance growth, Yongxing material said that thanks to the rapid development of new energy vehicles and energy storage industry, the company's lithium battery business is in good condition, and its profitability has been greatly improved and improved, which has become the main growth point of the company's profits during the reporting period.
And it is worth mentioning that Guojin Securities released a research report that the upper limit of lithium extraction capacity of mica in Yichun is expected to reach 10-150000 tons, which will become one of the important supplements of domestic lithium resources in the future. Yongxing material is expected to become a mica lithium extraction leader, lithium carbonate performance will also accelerate the release.
In this era of king of resources, Yongxing materials, like Jiangte Motor, can not be limited in the future.
"Yongxing Materials' net profit in the first half of the year is expected to increase by 80% or 90%. Lithium power business will become the biggest contributor again.
Tianhua Super Clean:
On the evening of July 12, Tianhua Chaojing also released its performance forecast for the first half of 2021. According to the report, the company's net profit for the first half of the year is expected to remain between 281 million yuan and 338 million yuan, an increase of 5080% over the same period last year.
During the reporting period, the lithium materials industry developed rapidly and the market demand was strong. The rapid growth of lithium materials business of Yibin Tianyi Lithium Industry Science and Technology Co., Ltd. brought great profit contribution.
Tianyi Lithium Industry began to lay out its lithium mining business as early as the end of March, signing "off-take agreements" with Dathcom and AVZ. Tianyi Lithium intends to purchase spodumene concentrate from Dathcom, and Dathcom appoints AVZ as the sales agent for Dathcom to exercise the seller's rights and perform the seller's obligations under the agreement. Tianyi Lithium agreed to buy 200000 (±12.5%) dry metric tons of spodumene concentrate each year.
Tianhua Super Clean is expected to return to its parent net profit of 589 million yuan in 2021, an increase of 105.95% over the same period last year, and maintain its buying rating, according to a research report released by Cheung Kong Securities on July 14.
From the above, it is not difficult to see that with the shortage of lithium mines and the continued popularity of the global new energy market, there is no doubt about the development potential of lithium-related enterprises.
Related reading: [SMM special topic] Lithium electricity "big explosion"! A number of enterprises' semi-annual reports predict that the net profit of Tianqi shares has soared by 562% to 650%.
![[SMM Energy Storage Battery Cell Market Weekly Review 9.3] Tight copper foil supply constrains September production schedules, energy storage battery cell prices remain firm](https://imgqn.smm.cn/usercenter/tKgKv20251217171725.png)
![Lithium Carbonate Market Weekly Review: 8.31-9.3 spot lithium carbonate prices rose first then fell, overall downward trend [SMM Weekly Review]](https://imgqn.smm.cn/usercenter/PPLUj20251217171727.jpg)
