SMM August 3: the first half of 2021 has passed, and a number of enterprises in the hot lithium sector are also releasing their first-half results one after another. Different from the previous performance forecast, the major enterprises can be described as "real knife and real gun" on the stage, so whose financial report data performance is more eye-catching?
Nord shares: on the evening of August 2, Nord shares released its results for the first half of 2021. According to the report, Nord shares achieved an operating income of 2.008 billion yuan in the first half of the year, an increase of 153.42 percent over the same period last year, and realized a net profit of 201 million yuan belonging to shareholders of listed companies, turning losses into profits over the same period last year, with a loss of 17.6934 million yuan in the same period last year.
Norde Co.'s main product lithium copper foil is used in lithium-ion battery products. Driven by the good environment of the overall market, a number of institutions have given it a buy rating, and Southwest Securities and Anxin Securities are expected to make a net profit of more than 500 million yuan in 2021, up more than 9100% from the same period last year.
"the semi-annual report of Nord shares turned losses into profits, and the stock price pulled up the limit. Net profit is expected to soar by more than 9100% this year.
Tianji shares:
On July 27, Skyline, one of the major producers of lithium hexafluorophosphate, released its 2021 half-year performance report. According to the report, in the first half of 2021, the company achieved a total operating income of 752 million yuan, an increase of 177.15% over the same period last year, while the net profit belonging to shareholders of listed companies reached 205 million yuan, up 708.98% from the same period last year.
The reason for the sharp increase in the company's performance during the reporting period is closely related to Lithium hexafluorophosphate, the main product of Skyline shares. Tianji shares said that due to the current vigorous development of the electric vehicle industry, the market demand for power lithium batteries has increased greatly, and lithium hexafluorophosphate, as one of the company's main raw materials for power batteries, has also increased substantially, and the market sales price has gone up.
"Skyline has revenue of over 700 million in the first half of the year and sales of lithium hexafluorophosphate reached 616 million.
Wanhua Chemical: on July 29, Wanhua Chemical released its performance report for the first half of 2021. According to the report, the company achieved a total revenue of 67.657 billion yuan in the past six months, an increase of 118.91 percent over the same period last year. Among them, the net profit belonging to listed shareholders was 13.53 billion yuan, an increase of 377.21% over the same period last year.
From the perspective of business structure, "polyurethane series" is the main source of business income. This business alone provides the company with revenue of 28.42 billion yuan, accounting for as high as 42.1%. With the steady progress of "carbon peak and carbon neutralization", Wanhua Chemical is also paying close attention to the construction of biodegradable plastics, ternary cathode materials, separation and purification materials and other businesses, which are worth looking forward to in the future.
Wanhua Chemical: net profit in the first half of the year soared 377.21% compared with the same period last year, and is stepping up the layout of the business of ternary cathode materials.
Shengxin LiNeng: on August 7, Shengxin LiNeng released its semi-annual report for 2021. In the first half of this year, the company achieved revenue of 1.134 billion yuan, an increase of 50.60% over the same period last year. The net profit belonging to shareholders of listed companies reached 291 million yuan, which was-167 million yuan over the same period last year.
As for the reasons for the performance changes, Shengxin LiNeng said that the new energy automobile industry recovered strongly in the first half of the year, and the market demand and sales price of lithium products increased significantly: in the first half of the year, the company produced 18500 tons of lithium products, an increase of 150.24% over the same period last year; sales volume was 17700 tons, an increase of 324.35% over the same period last year; and sales revenue of lithium products was 992 million yuan, an increase of 484.20% over
The semi-annual report reveals the mystery: Shengxin LiNeng shares in high-quality mines with the highest grade in China.
Mount Qomolangma, Tibet: on August 4, Mount Qomolangma in Tibet disclosed its semi-annual report that the company's operating income for the first half of 2021 was 994 million yuan, an increase of 40.28% over the same period last year, and its net profit was 418 million yuan, an increase of 248% over the same period last year.
During the reporting period, due to the clear terminal demand (currently mainly power batteries), the prices of major lithium salt products such as lithium carbonate and lithium hydroxide increased significantly. It is expected that in the second half of the year and a range after that, there will still be a supply gap for basic lithium products, and product prices will have upward momentum.
Mount Qomolangma, Tibet: half-year net profit increases by 248% year on year. It is expected that the supply gap of lithium salt products will still exist.
Topang shares: on the evening of July 27th, Topang shares (002139) revealed that the company realized operating income of 3.644 billion yuan in the first half of the year, an increase of 82.44% over the same period last year, and realized a net profit of 428 million yuan belonging to listed companies, an increase of 104.96% over the same period last year. The net profit attributed to shareholders of listed companies after deduction was 320 million yuan, an increase of 139.64% over the same period last year. Of this total, the revenue of lithium power business was 427 million yuan, accounting for 11.72% of the operating income, an increase of 54.07% over the same period last year.
Tuobang said that the company focuses on the dedicated lithium electricity market, takes "energy storage + small power" as the main development direction, and has achieved sustained and rapid development in many market segments with safe and innovative technologies and products.
In the first half of the year, Tuobang invested 234 million in R & D and 427 million in revenue from lithium battery business.
Yongxing material: on the evening of August 2, Yongxing material disclosed its first-half results report. According to the report, the company's cumulative revenue in the first half of 2021 was 3.047 billion yuan, up 36.39 percent from the same period last year, and its net profit was 303 million yuan, up 85.31 percent from the same period last year. According to its announcement, the lithium new energy business has become a new profit growth point for the company in the first half of 2021. At present, the company has built a new energy industry chain covering mining, mineral processing and lithium carbonate processing.
During the reporting period, the company achieved a total of 5448 tons of lithium carbonate sales, the production capacity has been fully released, and the lithium new energy business has contributed 35.68% to the company's semi-annual performance.
"Yongxing Materials reported a net profit of 108 million from lithium power new energy business and 5448 tons of lithium carbonate sales.
New Zeus: on the evening of August 2, New Zebang just issued a forecast for the first half of 2021, saying that the company achieved a total operating income of 2.557 billion yuan in the first half of 2021, an increase of 114.23% over the same period last year, and a net profit of 437 million yuan, an increase of 83.85% over the same period last year.
As for the reason for the increase in performance, it is mainly due to the substantial increase in the profits of the company's main business. Under the influence of the policy of "carbon peak and carbon neutralization", the new energy vehicle industry continues to heat up, and the company has seized the opportunity of the rapid development of the new energy vehicle industry, and the production and sales of battery chemicals have increased significantly compared with the same period last year.
"New Zebang Central News reports revenue of 2.557 billion yuan and plans to build electrolyte and materials projects in the Netherlands with a revenue of 1.5 billion yuan.
Tianhua Super net: on the evening of July 30, Tianhua Super net released its results for the first half of 2021, which showed that the company achieved a total operating income of 1.431 billion yuan, an increase of 87.86% over the same period last year, and a net profit of 313 million yuan, an increase of 66.57% over the same period last year.
It is reported that the company's new energy lithium materials business is the main contributor to the company's revenue growth, the business achieved 879 million yuan in revenue during the reporting period. Tianyi Lithium Industry, the holding subsidiary of the company, has an annual output of 20,000 tons of battery-grade lithium hydroxide project since it was completed and put into production. According to the latest news, Tianhua Super Clean said on the interactive platform that the battery-grade lithium hydroxide products produced by Tianyi Lithium Industry can also be used for energy storage.
Tianhua Super net: the net profit in the first half of the year increased by 66.57%. The annual production capacity of 100000 tons of lithium hydroxide will be completed ahead of schedule.
Xiang Fenghua: on July 30, Xiang Fenghua Technology released its results for the first half of 2021. According to the financial report, in the past six months, the company achieved 380 million of total revenue, an increase of 81.2% over the same period last year, with a return profit of 42.699 million, an increase of 53.9% over the same period last year. From the perspective of the company's business structure, graphite anode material is the main source of revenue in the first half of the year. The data show that the graphite anode material has generated a net profit of 380 million yuan for Xiangfenghua in the past six months, accounting for 100% of the revenue.
The company also said frankly in the announcement that with the effective control of the domestic epidemic during the reporting period, and the country has repeatedly mentioned the need to vigorously develop the field of new energy vehicles, the domestic demand for new energy vehicles increased significantly in the first half of 2021. As the core of new energy vehicles, the demand for power batteries has also increased significantly, thus driving the company's anode material business to rise continuously.
Xiang Fenghua: obvious growth of graphite negative electrode business net profit rose 53.9% in the first half of the year compared with the same period last year.
Hausen shares: on the evening of August 2, Hausen released its results for the first half of 2021. According to the financial report data, the company achieved a total revenue of 552 million yuan in the first half of the year, an increase of 6.31% over the same period last year, and the corresponding attributable net profit was 20.884 million yuan, down 45.17% from the same period last year.
It is not difficult to see from its financial data that Hausen shares did not increase profits in the first half of the year. As for the reason for the decline in the company's net profit, Hausen explained that it was mainly due to the increase in R & D spending caused by the company's increased R & D investment during the reporting period, as well as the rise in project manufacturing costs and the slowdown in the return of goods sold by the company.
According to the financial report data, during the reporting period, the total amount of orders for newly signed projects worth more than 5 million yuan is about 630 million yuan, of which the amount of projects in the field of new energy vehicles alone is as high as 320 million yuan. Hausen said that in the future, with the rapid improvement of the global electrification rate, the proportion of new energy vehicle business is expected to continue to increase steadily, and the revenue share of the company's new energy vehicle business will further increase.
Hausen shares: first-half net profit fell by 45.17% compared with the same period last year. The share of new energy vehicle business is expected to continue to rise in the future.
The above chart shows several enterprises that announced plans for new production capacity in the first half of the cobalt and lithium industry chain. On July 30, Skyline also said in an institutional survey that after communication with customers, Skyline decided to continue capacity expansion. It is expected that the demand of several of the company's core customers will exceed 50,000 tons by 2023, which is not in line with the company's current production capacity. Therefore, the company will, according to the changes and needs of the market, Timely launch the expansion plan of new production capacity.
Tianhua Chaojing also said on August 2 that its wholly-owned subsidiary Tianyi Lithium Industry's first phase of 20,000 tons of battery-grade lithium hydroxide project has reached the design scale, technical transformation will be completed in August this year, and production capacity is expected to be further increased. After the first and second phases reach production, the total production capacity of battery-grade lithium hydroxide in Tianyi lithium industry will reach about 50,000 tons. At the same time, the company's third and fourth phases of the project have also entered the preparatory stage, and a separate production line with an annual output of 25000 tons of lithium carbonate or lithium sulfate causticized lithium hydroxide is expected to be completed in 2022. The company's total annual production capacity of 100000 tons of lithium hydroxide is expected to be completed ahead of schedule.
In the first half of 2021, Tianhua Super Clean and Shengxin Lithium Energy have signed a number of material procurement agreements aimed at the cobalt lithium ore end market. On January 14, Tianyi Lithium Industry, a subsidiary of Tianyi Super net holding Company, signed a "spodumene concentrate expansion and 5-year exclusive cooperation agreement" with Brazil's AMG Mining Company, requiring AMG to provide at least 200000 dry metric tons of spodumene concentrate, which will be delivered within 5 years after the completion of AMG capacity expansion, and the new production capacity will be exclusively supplied to Tianyi Lithium Industry, locking the supply of spodumene. Only two months later, Tianyi Lithium Industry once again plans to buy 200000 (±12.5%) dry metric tons of spodumene concentrate from Dathcom every year.
As for Shengxin Lithoneng, an off-take agreement for spodumene concentrate was signed with AVZ Mining on March 8. The company intends to purchase spodumene concentrate from AVZ Mining for an initial period of 3 years, which can be extended to 160000 tons (+ /-12.5%) during each contract year.
It is worth mentioning that, according to the spot quotation of SMM, the spot price of spodumene concentrate (6% CIF China) was stimulated by the good news that spodumene concentrate was auctioned off historically high prices at the first auction of Australian lithium mine Pilbara, and has risen repeatedly since July 30. as of August 9, the average spot price of spodumene concentrate (6% CIF China) was 830 US dollars / ton, up 95 US dollars / ton from July 29th. The increase reached 12.9% in just seven days.
"Click to view the spot price of SMM metal
On the other hand, President Biden of the United States recently set a target of 50% sales of zero-emission vehicles (electric vehicles, fuel cell vehicles, etc.) in the United States by 2030. This decision to exceed market expectations has further stimulated the vigorous development of the new energy vehicle market. The lithium battery as the core of the power battery, its degree of attention is to climb another high-rise building, in this case, who can seize more lithium resources will have more say in the future power battery market. From this, it is not difficult to see that Tianhua Super Clean and Shengxin Lithium Energy, which are trying their best to lay out lithium ore resources, have chosen very wisely.
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