[8.17 Lithium Power Express] China's lithium-ion battery exports increased by 66.49% in the first half of the year. Tianfeng Securities says lithium prices have entered a new upward cycle.

[Tianfeng Securities: it is difficult to solve the contradiction between supply and demand Lithium Price enters a new upward cycle] Tianfeng Securities released a research report saying that there is a margin gap of 54300 tons of lithium salt in the second half of the year. Against the background of a month-on-month decline in domestic lithium carbonate production, the commissioning of a new positive pole project in the short term will aggravate the imbalance between supply and demand and further drive lithium prices upward. The supply pattern of lithium has been relatively tight in the second quarter of this year. Considering that the demand for lithium will meet the double peak season of consumer electronics + new energy vehicles in the fourth quarter, while the supply is hardly significantly affected by the shortage of concentrate, it is optimistic that the price of lithium salt will enter a new upward cycle. Recommend Rongjie shares (002192.SZ), Tianqi Lithium Industry (002466.SZ), Yongxing Materials (002756.SZ), Yahua Group (002497.SZ), Tibet Everest (600338.SH), Ganfeng Lithium Industry (01772).

[Yiwei LiNeng: Linyang Energy has completed the establishment of a joint venture company] on August 16, Yiwei LiNeng announced that recently, the joint venture company has completed the industrial and commercial establishment registration procedures and obtained the "Business license" issued by Qidong Administrative examination and approval Bureau. Its name is Jiangsu Yiwei Linyang Energy Storage Technology Co., Ltd. Yiwei Power is registered as a shareholder in the joint venture with a 65 per cent stake. After the completion of the industrial and commercial establishment registration procedures, the joint venture company will be included in the scope of the company's consolidated statement.

[Tianqi shares: 587% year-on-year increase in net profit in the first half of the year plans to carry out a technical renovation project for comprehensive utilization of waste lithium batteries] on August 16, Tianqi shares released a semi-annual report with operating income of 1.851 billion yuan in the first half, an increase of 17.86% over the same period last year, and net profit of 77.8565 million yuan, an increase of 587.23% over the same period last year. Basic earnings per share is 0.21 yuan. It was announced on the same day that Jintai Pavilion, a wholly owned subsidiary, and its subsidiary, Ruibo, planned to carry out a technical renovation project for comprehensive utilization and expansion of waste lithium batteries in Longnan Economic and technological Development Zone, Ganzhou City, Jiangxi Province, with a total investment of no more than 440 million yuan. Finally, the annual production capacity of 50, 000 tons of waste lithium batteries is formed.

[Huayou Cobalt Industry: the net profit in the first half of the year rose 319.91% and reported that the net profit exceeded that of the whole of last year! On August 16, Huayou Cobalt disclosed its semi-annual report. According to the announcement data, in the first half of 2021, the company achieved operating income of 14.294 billion yuan, an increase of 57.91% over the same period last year, while the net profit belonging to shareholders of listed companies was 1.468 billion yuan, up 319.91% from the same period last year. It is worth mentioning that in 2020, Huayou Cobalt achieved a total net profit of 1.165 billion yuan, but now its semi-annual reported net profit has far exceeded that of last year.

[China's lithium-ion battery exports increased by 83.31% in the first half of the year compared with the same period last year] according to the statistical analysis of customs export data, China's lithium-ion battery exports reached 11.469 billion US dollars from January to June 2021, an increase of 83.31% over the same period last year; the number of exports reached 1.392 billion, an increase of 66.49% over the same period last year.

[Hengdian East Magnetic: annual production of 148 million high-performance lithium batteries] on August 16th, Hengdian East Magnetic announced that the annual production of 148 million high-performance lithium batteries was put into production. After reaching full production, the total capacity of lithium batteries is about 2.5GWh.