[special topic on SMM] "rising sound"! The 22 enterprises in the lithium industry chain reported that he Xi dipped in lithium was worthy of the name.

In 2021, with the gradual popularity of the global new energy vehicle field, the power battery industry has developed rapidly. under the background of a good industry, a number of enterprises in the cobalt and lithium industry chain have also made a lot of gains in the first half of 2021. Recently, many enterprises in the industrial chain have released their financial report data for the first half of 2021. The following is the semi-annual report data of some lithium battery enterprises, positive electrodes, negative electrodes, electrolytes, diaphragms and other enterprises in the power battery plate sorted out by SMM.

Lithium battery enterprises:

Ganfeng Lithium Industry: on the evening of August 30, Ganfeng Lithium Industry released its half-yearly results report for 2021. According to the report, the company achieved a total revenue of about 4.064 billion yuan in the first half of the year, an increase of 70.27 percent over the same period last year, while the net profit belonging to shareholders of listed companies was 1.417 billion yuan, an increase of 805.29 percent over the same period last year.

From its business structure, "metal lithium and lithium salt series products" is the main source of income of Ganfeng lithium industry, accounting for 72.8% of its revenue.

Ganfeng Lithium Industry's net profit soared by 805.29% in the first half of the year. It is expected that the supply of lithium products of no less than 200000 tons of LCE will be achieved by 2025.

Azure lithium core:

On the evening of August 25th, Azure Lithium Core (002245) released its semi-annual report for 2021. According to the announcement, the company's operating income in the first half of this year was 3.084 billion yuan, an increase of 91.55 percent over the same period last year, and the net profit belonging to shareholders of listed companies was 339 million yuan, up 372.92 percent from the same period last year.

Since 2020, the lithium battery business of Azure Lithium Core has become the company's largest source of profit and the largest profit growth point. In the first half of the year, the company's lithium battery business achieved an operating income of about 1.199 billion yuan, an increase of 141.74% over the same period last year; Tianpeng Power, a subsidiary, made a net profit of about 253 million yuan. No matter in terms of operating income or profit contribution, the lithium battery business ranks first in all the business of the company.

"Blue Lithium Core Lithium Battery revenue in the first half of the year 1.199 billion Tianpeng Power supply net profit 253 million

Ningde Times: on the evening of August 25th, Ningde Times (300750) disclosed its semi-annual report of 2021 that the company's total operating income in the first half of the year was 44.075 billion yuan, an increase of 134.07% over the same period last year; net profit was 4.484 billion yuan, an increase of 131.45% over the same period last year; and basic earnings per share was 1.9416 yuan per share.

Specifically, in the first half of the year, the sales revenue of Ningde Times power battery system was 30.451 billion yuan, an increase of 125.94% over the same period last year; the sales revenue of energy storage system was 4.693 billion yuan, an increase of 727.36% over the same period last year; and the sales revenue of lithium battery materials was 4.986 billion yuan, an increase of 303.89% over the same period last year.

"Ningde Times made a net profit of 4.484 billion in the first half of the year. Sales revenue of power battery system was 30.451 billion

Guoxuan Hi-Tech:

On the evening of August 27th, Guoxuan Hi-Tech (002074) revealed that the company's operating income in the first half of the year was 3.551 billion yuan, an increase of 46.63% over the same period last year, while the net profit belonging to shareholders of listed companies was 48.1715 million yuan, up 33.3% from the same period last year. Among them, the company's power lithium battery business revenue in the first half of the year was 3.089 billion yuan, an increase of 37.82% over the same period last year, accounting for 86.99% of the operating revenue.

The main business of Guoxuan Hi-Tech is divided into two business segments: power lithium battery and power transmission and distribution equipment. The company said that the revenue growth in the first half of the year was mainly due to the increase in the scale of sales in the current period.

Guoxuan Hi-Tech reported that the revenue of power battery exceeded 3 billion and planned to expand the production of 1GWh high-performance battery by 260 million.

Cathode material enterprises:

Rongbai Technology:

On the evening of August 24, Rongbai Technology disclosed its results for the first half of 2021. According to the financial report, the company achieved a total revenue of 3.592 billion yuan in the first half of 2021, an increase of 191.69% over the same period last year. The net profit belonging to shareholders of listed companies was 321 million yuan, an increase of 491.36% over the same period last year.

According to the announcement, during the reporting period, the global market for new energy vehicles and demand for power batteries further increased. The company's main high-nickel ternary cathode materials business orders were full, and shipments increased by about 135% over the same period last year. Market share is far ahead in the same industry, and business revenue has increased significantly compared with the same period last year.

Rongbai Technology's first-half net profit soared 491.36% compared with the same period last year. It is expected that the cathode material production capacity will exceed 120000 tons by the end

Bertre:

On the evening of Aug. 24, Bertre released its results for the first half of 2021. According to the announcement, Bertre achieved a total operating income of 4.207 billion yuan in the first half of 2021, an increase of 169 percent over the same period last year, and the net profit of shareholders belonging to listed companies was 730 million, up 23.2 percent from the same period last year.

During the reporting period, the company's business income of cathode materials reached 1.59 billion yuan, an increase of 566 percent over the same period last year, and sales of cathode materials reached 61900 tons, an increase of 327 percent over the same period last year. The sales volume of negative materials reached 61900 tons, an increase of 131 percent over the same period last year, creating a total business income of 2.39 billion yuan, an increase of 98.5 percent over the same period last year.

Bertre's first-half net profit soared 23.2% compared with the same period last year. Sales of positive and negative materials for lithium batteries increased significantly.

Huayou Cobalt Industry:

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, handing in the best semi-annual report in history!

In the increasingly hot field of new energy vehicles, the demand for lithium cathode materials is increasing rapidly. Under the background of the excellent background of the industry, Huayou Cobalt Industry is also at full capacity and full production. The output of ternary precursors alone increased by 138.25% compared with the same period in 2020. During the reporting period, the company sold a total of 29180 tons of precursors, an increase of 128.95% over the same period last year.

"Huayou Cobalt handed over the best half-yearly report in history, and its first-half net profit has exceeded that of last year! The share price rose 44% in half a year.

Fangyuan shares:

In the first half of this year, Fangyuan shares achieved revenue of 903 million yuan, an increase of 207.87% over the same period last year, while the net profit belonging to the owner of the parent company was 53.9198 million yuan, up 1204.01% from the same period last year.

Fangyuan shares said that benefiting from the high prosperity in the field of new energy vehicles downstream, driving the rapid development of the lithium-ion battery industry, which in turn drives the strong demand for ternary precursors, the company's production capacity continues to release, and the company's product sales have greatly increased. The total revenue in the first half of the year increased by a large margin compared with the same period last year.

"Ternary precursor production capacity continues to release Fangyuan shares' first-half net profit increased by more than 12 times compared with the same period last year.

Cunninghamia lanceolata:

On August 9, Shanshan shares (600884) disclosed its half-yearly 2021 report that the company realized operating income of about 9.947 billion yuan in the first half of the year, an increase of 209.82 percent over the same period last year, and the net profit belonging to shareholders of listed companies was about 760 million yuan, up 659.15 percent over the same period last year. Net profit belonging to shareholders of listed companies after deducting non-recurring gains and losses is about 724 million yuan; basic earnings per share is 0.467 yuan.

The rapid growth of market demand for small power and new energy vehicles in the first half of 2021 led to an increase in shipments of ternary materials from positive companies. In the first half of the year, shipments of Cunninghamia lanceolata positive materials reached 16722 tons, an increase of 84.98% over the same period last year. In terms of negative materials, shipments reached 41536 tons, an increase of 107.79% over the same period last year, and the main business income was 1.646 billion yuan, an increase of 72.71% over the same period last year.

"Shanshan's first-half net profit increased by 659.15% compared with the same period last year. Total shipments of lithium materials increased by 74.41% compared with the same period last year.

When liter material:

Dangsheng Technology released its results for the first half of 2021 on the evening of August 23. The report shows that in the past six months, the company's revenue in the first half of the year totaled 2.989 billion yuan, an increase of 174 percent over the same period last year. The net profit belonging to listed shareholders was 447 million yuan, an increase of 206.02 percent over the same period last year, and its operating performance reached the best level in history.

According to public data, Dangsheng Technology has been focused on the R & D and production of lithium cathode materials since its inception, and as a national enterprise technology center, Dangsheng Technology has long maintained a leading position in the industry. In the field of energy storage, Dangsheng Technology, as the first domestic enterprise to develop energy storage multi-materials, its energy storage products are exported overseas in large quantities and become the main battery material supplier for international high-end energy storage customers.

"Dangsheng Technology reported a net profit of 447 million. Its operating performance reached the best level in history and won the attention of 16 institutions.

Negative material enterprises:

Pu Tai Lai: on the evening of August 5, Pu Tai Lai (603659) disclosed its semi-annual report that the company's operating income in the first half of 2021 was 3.923 billion yuan, an increase of 107.82% over the same period last year, and net profit was 775 million yuan, an increase of 293.93% over the same period last year.

In the first half of the year, Pu Tailai anode materials business achieved shipments of 45246 tons, an increase of 103.57% over the same period last year, and the main business income was 2.454 billion yuan, an increase of 79.46% over the same period last year.

"Pu Tai Lai reported that the business income of negative materials was 2.454 billion, coating diaphragm and processing shipments of nearly 800,000,000 yuan.

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 a total revenue of 380 million, an increase of 81.2% over the same period last year. The net profit of shareholders belonging to listed companies was 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.

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.

Electrolyte enterprises:

Divine materials:

On the evening of August 23rd, Tianci released its semi-annual report for 2021. The company's total operating income in the first half of the year was 3.699 billion yuan, an increase of 132.27% over the same period last year. The net profit of shareholders belonging to listed companies was 783 million yuan, an increase of 151.13% over the same period last year.

Among them, the business of Tianci Li-ion battery materials includes electrolytes and related basic chemicals, cathode materials and cathode basic materials. The operating income in the first half of the year reached 3.142 billion yuan, an increase of 282.06% over the same period last year. The company said that the growth in the business performance of lithium-ion battery materials was mainly due to a large increase in the volume and price of electrolyte products, while sales of cathode materials also increased to a certain extent.

"Tianci Materials reported that the business revenue of lithium materials was 3.142 billion. A number of announcements were issued successively to expand the production of lithium hexafluorophosphate, etc.

Dofurdo:

After trading on August 25, Polyfluorodo disclosed its 2021 semi-annual report that in the first half of the year, the company achieved operating income of 2.905 billion yuan, an increase of 67.68% over the same period last year; net profit belonging to shareholders of listed companies was 308 million yuan, an increase of 1859.97% over the same period last year; and basic earnings per share was 0.4288 yuan.

Dofuoduo is currently mainly engaged in aluminum fluoride salts, new materials, lithium batteries. Among them, in the first half of the year, the company's new material products achieved business income of about 1.357 billion yuan, an increase of 134.21% over the same period last year; lithium battery products achieved business income of about 286 million yuan, an increase of 165.24% over the same period last year.

"the revenue of new material products is about 1.357 billion, and the revenue of lithium battery products is about 286 million.

Tianji shares:

On July 27, Skyline released its semi-annual report for 2021. In the first half of this year, the company achieved operating income of 752 million yuan, an increase of 177.15% over the same period last year, and the net profit belonging to shareholders of listed companies reached 205 million yuan, an increase of 708.98% over the same period last year.

The report shows that in the first half of this year, Tianji shares mainly engaged in lithium battery materials business and home appliance business. Among them, the sales of lithium materials (lithium hexafluorophosphate) reached 616 million yuan in the first half of the year, accounting for 81.79% of the company's total sales. The company said that in the first half of the year, due to the vigorous development of electric vehicles around the world, the electric vehicle industry chain showed a scene of prosperity. The production and sales of lithium hexafluorophosphate products of Xintai material, a wholly owned subsidiary of the company, are booming. The company is at full capacity and produces at full capacity. The sales volume increased by 189.78% and the output increased by 172.64% over the same period last year. Coupled with the increase in sales prices, the company's lithium materials (lithium hexafluorophosphate) profits have greatly increased.

"Tianji Co., Ltd. and Ruitai New Materials plan to put into construction lithium salt projects with an annual production capacity of 30, 000 tons of lithium hexafluorophosphate in 3 billion.

Jiangsu Cathay Pacific:

After the trading on August 24, Jiangsu Cathay Pacific (002091) released a report that operating income in the first half of 2021 was 14.596 billion yuan, an increase of 16.3% over the same period last year; net profit of shareholders belonging to the parent company was 371 million yuan, an increase of 12.88% over the same period last year; and basic earnings per share was 0.24 yuan.

Among them, in the chemical new energy business, Jiangsu Cathay Pacific holding subsidiary Ruitai New Materials as the company's chemical new materials and new energy business development platform, mainly engaged in battery materials and silicone and other new chemical materials research and development, production and sales. The battery materials produced by the company include lithium-ion battery electrolyte, lithium-ion battery electrolyte additive and supercapacitor electrolyte.

"Jiangsu Cathay Pacific reported that the revenue of battery materials business increased by 165.33% in 1.704 billion compared with the same period last year.

New Zeus:

On the evening of August 2, New Zebang just released a forecast of first-half results, 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.

Yan'an Bikang:

On August 26, Yan'an Bikang released its 2021 semi-annual performance report. According to the report, the company's revenue in the first half of the year totaled 3.449 billion yuan, down 1.64 percent from the same period last year, of which the net profit belonging to shareholders of listed companies was 304 million yuan, an increase of 161 percent over the same period last year.

According to the announcement, the company's existing plant design capacity of lithium hexafluorophosphate is 5000 tons / year. After a series of revamping, the actual production capacity reaches 6400 tons / year, ranking in the forefront of the industry.

"three boards in four days! Yan'an Bikang's net profit increased by more than 42 times in the first three quarters. Lithium hexafluorophosphate business is booming.

Diaphragm Enterprise:

Enjie shares: on August 26, Enjie shares released its semi-annual results report. According to the report, in the first half of 2021, the company achieved a total operating income of 3.394 billion yuan, an increase of 135.58 percent over the same period last year, while the net profit belonging to shareholders of listed companies was 1.05 billion yuan, an increase of 226.76 percent over the same period last year.

As for the reasons for the company's performance growth, Enjie said that during the reporting period, the explosive growth of global market demand for new energy vehicles led to the rapid development of the lithium-ion battery industry, and the company's sales of diaphragm products grew rapidly during the reporting period. In the first half of 2021, Enjie continued to maintain its leading market position in the wet diaphragm market, with the first market share in the world.

"sales of diaphragm products achieve rapid growth. Enjie reported a net profit of 1.05 billion, an increase of 226.76% over the same period last year.

Xingyuan material: on the evening of August 19th, Xingyuan material released the semi-annual report of 2021, the company's operating income in the first half of the year was 831 million yuan, an increase of 143.65% over the same period last year; the net profit belonging to shareholders of listed companies was 112 million yuan, an increase of 56.39% over the same period last year.

In the first half of the year, Xingyuan material's business income mainly came from the sales of lithium-ion battery diaphragm products. The company sold more than 500 million square meters of lithium-ion battery diaphragm products, and further increased its cooperation with foreign lithium-ion battery manufacturers such as South Korea's LG Chemical, Samsung SDI, Japan's Murata, SAFT, and so on. And to Ningde Times, BYD, Hefei Guoxuan, AVIC Lithium, Yiwei Lithium Energy, Tianjin Lishen, Xin Wanda and other mainstream lithium-ion battery manufacturers bulk supply of lithium-ion battery separators, the company continues to improve the dry-wet diaphragm, coated diaphragm production capacity, production, continue to expand the company's market share.

"Xingyuan material had a revenue of 831 million yuan in the first half of the year and sold more than 500 million lithium diaphragm products."

Putailai: in the first half of the year, due to the increase in the output of downstream domestic power battery customers, Putailai coated diaphragm and processing shipments were 798.39 million tons, an increase of 264.05% over the same period last year. The company's coated diaphragm and processing shipments accounted for 31.88% of domestic wet diaphragm shipments in the same period, an increase of 2.12% over the same period last year. The company's diaphragm and coating processing business achieved a main business income of 895 million yuan (including basement membrane business), an increase of 217.73% over the same period last year.

Cangzhou Mingzhu: the operating income of Cangzhou Mingzhu in the first half of the year was 1.355 billion yuan, an increase of 21.52% over the same period last year; the net profit belonging to shareholders of listed companies was 233 million yuan, an increase of 124.91% over the same period last year, and earnings per share was 0.1641 yuan. Among them, the company's lithium-ion battery separator operating income in the first half of the year was 236 million yuan, an increase of 17.43% over the same period last

Cangzhou Mingzhu said that the company's performance growth in the first half of the year was mainly due to an increase in sales of BOPA film and lithium-ion battery diaphragm products compared with the same period last year, resulting in an increase in product operating income; an increase in gross profit margin of BOPA thin film products over the previous year, and an increase in product profitability; production and sales volume of lithium-ion battery separator products increased, product unit cost decreased compared with the same period last year, and product profitability increased.

"Cangzhou Pearl made a net profit of 233 million in the first half of the year and earned 236 million from lithium battery diaphragm.

Sinoma Science and Technology: on the evening of August 17, Sinopec Technology announced that its operating income in the first half of the year was 9.359 billion yuan, an increase of 22.76% over the same period last year; the net profit belonging to shareholders of listed companies was 1.847 billion yuan, an increase of 103.19% over the same period last year; and basic earnings per share was 1.1yuan.

Sinopec sold a total of 350 million square meters of diaphragm products in the first half of the year, with a sales income of 480 million yuan. Among them, the proportion of international customers continues to increase, more than 10%.

The sales revenue of 350 million yuan of lithium diaphragm in the first half of the year is 480 million yuan.

From the above semi-annual report data of major enterprises, it is not difficult to see that in the increasingly hot lithium power industry, lithium battery industry chain enterprises have handed in a good report card. Among them, there is no lack of volume and price increases in production and marketing due to the shortage of raw materials for power batteries. Take lithium hydroxide, one of the raw materials for power batteries, as an example. Since the third quarter of 2020, there has been a structural shortage of lithium products led by lithium hydroxide and lithium carbonate. The prices of both have been rising all the time. As of June 30, the average spot price of domestic battery-grade lithium hydroxide reached 94000 yuan / ton, up 91.8% this year.

"Click to view the spot market of SMM metal.

Citic Construction Capital predicts that the structural shortage of lithium hydroxide will continue until the end of 2021, and in the long run, lithium production capacity is not expected to lead to a sharp fall in lithium prices after 2022. So the future of lithium industry chain enterprises is still worth looking forward to.

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