The Beijing Stock Exchange "helps"! The leader of lithium battery material won the first place in the market capitalization of the new third board.

Recently, the new three-board selection layer once again staged a hot market, lithium materials leader Bertre (835185) also ushered in a wave of good. As of September 9, Bertre closed at 142yuan per share, up 0.20 yuan per share or 0.14%, with a market capitalization approaching 70 billion yuan to 68.92 billion yuan.

It is worth noting that Bertre's share price has risen more than 280% since the beginning of the year, making it one of the "bull stocks" in the selected layer.

Beijing Stock Exchange "helps"

The reason why Bertre's market capitalization has soared recently has been frequently mentioned, mainly because of the "sudden birth" of the Beijing Stock Exchange.

On September 2, the Securities Regulatory Commission said that in order to deepen the reform of the new third board, the Beijing Stock Exchange will be set up on the basis of the existing selected layer of the new third board. Statistics show that at present, the number of new third board listings is 7304, but the quality is mixed, and the establishment of the North Stock Exchange is to create a good business environment conducive to the long-term development of small and medium-sized enterprises, and to cultivate more "specialized and new" small and medium-sized enterprises.

So far, there are a total of 66 listed companies in the new three-board selection layer, of which Beitre ranks first in total market capitalization and far ahead of all companies in other levels. Moreover, since the announcement of the establishment of the Beijing Stock Exchange on September 2, the market value of Beitri has risen from 48.442 billion yuan on September 3 to 68.92 billion yuan on September 9, a sharp rise of 20.478 billion yuan in just six days.

As a result, many netizens said that Beitri is expected to become the "top card" of the Beijing Stock Exchange.

About Bertre.

Our main products include natural graphite anode materials, artificial graphite anode materials, silicon-based and other new anode materials, lithium iron phosphate cathode materials and high nickel ternary cathode materials (NCA, NCM811, etc.) and other positive and negative materials for lithium-ion batteries.Betteri is mainly engaged in lithium battery cathode materials and nano-materials, including natural graphite anode materials, artificial graphite anode materials, silicon-based new anode materials, lithium iron phosphate cathode materials and high-nickel ternary cathode materials (NCA, NCM811, etc.).

In terms of performance, according to the semi-annual report of 2021, Beitri achieved operating income of 4.207 billion yuan in the first half of the year, up 168.83% from the same period last year, and realized net profit of 730 million yuan, an increase of 232.45% over the same period last year.

Of this total, sales of negative materials were 61856 tons, up 131.46 percent over the same period last year; operating income was 2.393 billion yuan, up 98.54 percent over the same period last year; sales of cathode materials were 20000 tons, up 327.35 percent over the same period last year; and operating income was 1.587 billion yuan, an increase of 565.78 percent over the same period last year.

In terms of market share, at present, Bertre has the first market share of lithium iron phosphate cathode materials in China and the top three in the world. However, it has a very high position in the negative market. Data show that from 2013 to now, the market share of Beitre anode materials ranks first in China and second in the world. Among them, the company's shipments in 2017, 2018 and 2019 were 33300 tons, 45400 tons and 59700 tons respectively, and the market share was 15.89%, 17.26% and 18.22% respectively.

In terms of customers, Bertre has established long-term cooperative relations with domestic and foreign head battery manufacturers, including Panasonic, Samsung SDI, SKI, LG Chemistry, Ningde Times, BYD, Yiwei Lithium Energy and so on.

In terms of production capacity, Bertre has expanded production many times by setting up a joint venture this year.

On September 2, the signing ceremony of equity investment cooperation between Beitre Group and Hebei Kuntian Group was held at the headquarters of Beitre Group in Shenzhen. Hebei Kuntian's own and new graphitized production capacity resources will effectively guarantee the expansion of Beit Group's anode materials business and play an important role in maintaining the global leading edge in the field of anode materials.

Bertre announced that the company plans to establish a joint venture with Sichuan Ruifu New Materials Technology Co., Ltd., to build an annual production line of 100000 tons of lithium battery anode materials precursors and finished products through a joint venture with Fu an Holdings. The registered capital of the joint venture company is 300 million yuan, of which Beitri subscribes to contribute 153 million yuan, accounting for 51% of the total share capital of the joint venture company.

On June 18, Sichuan Bertre, a wholly-owned subsidiary of Beitre, held the groundbreaking ceremony for the first phase of the project with an annual production capacity of 50,000 tons of lithium-ion battery anode materials.

On May 28, the second phase of the 40,000-ton negative production line was launched in Huizhou, a wholly-owned subsidiary of Beitre.

On May 18th, Jiangsu Bertre, a subsidiary of Beitre, jointly set up a joint venture with SKI and Yiwei Asia to Changzhou Betteri, through which it plans to invest in the construction of a "high nickel ternary cathode material project with an annual production capacity of 50,000 tons of lithium battery". The registered capital of the joint venture company will increase to 1.9544 billion yuan, of which Betteri contributes about 997 million yuan, 51% Sidi contributes 489 million yuan, holds 25%, and Yiwei Asia contributes 469 million yuan, holding 24%.

On March 2, China's Baoan announced that its holding subsidiary, Beit, intends to sign a "cooperation agreement" with Jingyang Science and Technology to carry out in-depth cooperation in the field of needle coke and lithium battery anode materials. jointly set up a joint venture to build an integrated base for artificial graphite anode materials. The overall planning of the cooperation project is an annual production line of 120000 tons of negative needle coke and an integrated production line of 80, 000 tons of artificial graphite anode materials. The registered capital of the joint venture is 500 million yuan, of which Beitri holds 55% of the shares.

Summary

At present, the new third board listed companies can not publicly issue shares (can be targeted additional issuance), and financing difficulties, the establishment of the North Stock Exchange will deepen the reform: innovative layer companies listed for more than one year will enter the selected layer after a successful public offering, and the selected layer can apply for transfer listing after one year of listing, which no longer needs to be reviewed by the CSRC, reducing the obstacles to listing and shortening the queuing time for listing.

At the same time, reasonable financing and normal transactions for small and medium-sized enterprises have also been included in the establishment goal of the North Stock Exchange, which is undoubtedly a great benefit for the companies on the new third board. In addition to Bertre, the new three-board selected layer lithium unit also has Changhong Energy and Derek Lithium Power, of which the most promising is Bertre. With the follow-up to the formal establishment of the North Stock Exchange, Bertre is expected to get more financial support, which will be of considerable help to the company's development, and the lithium material pattern may also have new changes at that time.