The recent hot lithium battery sector ushered in a sharp adjustment today, and in the evening, the two lithium giants both issued announcements to revise the 2021 results forecast.
Ganfeng Lithium Industry, with a market capitalization of 200 billion yuan, forecast a net profit of 1.3 billion yuan to 1.6 billion yuan in the first half, an increase of 730.75% and 922.46% over the same period last year, and was previously expected to make a profit of 800 million yuan to 1.2 billion yuan. The reason is that the price of the company's products exceeded expectations during the performance forecast period, and the fair value of the financial assets such as Pilbara held by the company increased.
Tianqi Lithium Industry, with a market capitalization of 100 billion yuan, announced that it expected to make a profit of 78 million yuan to 116 million yuan in the first half of the year. It is worth noting that it had expected a loss of 130 million yuan to 250 million yuan. The reason for the improvement is that during the reporting period, the sales volume and average price of the company's main products were higher than expected, and the fair value of the SQM stake also changed.
Since the start of the current round, the lithium battery sector's share price has risen 24% from the beginning of July to yesterday's close, and its market capitalization reached a new high on Monday. But today it fell 9% as the lithium battery plate fell by its daily limit.
Market participants said that the current new energy lithium electricity and other plates, behind the high prices, the stock price volatility is also increasing accordingly, but the overall moneymaking effect is still good. In particular, the upstream raw materials of lithium electricity, Xie Honghe of Sino-Thai Securities, said that due to the continuous rise of the global new energy industry and the resonance of the domestic and European electric car market, the upward trend of upstream raw material prices has been continuously strengthened.
With 2019-2020 as the starting point, upstream materials such as cobalt, lithium, copper foil, aluminum foil and magnets will enter the uptrend of prosperity for 3 years. In particular, with the development of overseas new energy vehicles, the status of leading enterprises in the industrial chain is becoming more and more important, and the leading premium will become more and more obvious. The three-cycle resonance of "supply + demand + inventory" provides a layout window.
