SMM Oct. 29: today, the lithium battery sector rose rapidly after the shock and opened at noon, with the lithium battery index rising more than 1.6% at one point in intraday trading. At the same time, Jiangsu Cathay Pacific, Fengyuan shares, Yan'an Bikang and other stocks rose by the daily limit, among which Fengyuan shares successfully won the brilliant achievements of "four days and three boards", and lithium battery stocks rose and stopped again.
Fengyuan shares, which rose by the daily limit again today, issued an announcement of abnormal stock price fluctuations in the early morning of the 28th because of its "4-day 3-board" performance. The company said it did not have significant matters that should be disclosed but not disclosed. And the company specially stressed that a series of exchanges in the cathode material industry, including upstream raw materials, are in the early stage of communication and have not yet met the disclosure requirements.
On the evening of Oct. 24, the company released a third-quarter report saying its net profit in the first three quarters was 38.6937 million yuan, an increase of 882.78 percent over the same period last year. Under the stimulation of eye-catching performance, Fengyuan shares successfully sealed the trading board on October 25. Moreover, on October 25, Fengyuan also revealed on the interactive platform that Shandong Fengyuan Lithium Energy Technology Co., Ltd., a subsidiary of the company, is supplying lithium iron phosphate cathode materials to BYD.
It is worth mentioning that, benefiting from the rapid development of production and sales of new energy vehicles and the gradual increase in the proportion of lithium iron phosphate power batteries, according to the spot price of SMM, as of October 29th, the average price of power lithium iron phosphate was 88000 yuan / ton, an increase of 131.6% during the year.
"Click to view the price of SMM new energy products
And this is not the end, SMM believes that the current demand for new energy vehicles is in the fourth quarter, the application proportion of new energy vehicles demand volume superimposed iron lithium battery in new energy vehicles is increasing, the uplink demand is increasing, the iron and lithium supply gap is still in place, forming a support for prices, and lithium iron phosphate prices are expected to remain high and stable in November. "View details
Not only Fengyuan shares, but also a number of lithium companies have also released their third-quarter results in turn. Affected by the shortage of lithium ore and the rising price of lithium salt in the first three quarters, most companies have handed in a satisfactory report card. Among them, lithium hexafluorophosphate, which has repeatedly set new highs in 2021, is one of the best lithium materials.
According to a previous announcement issued by Yan'an Bikang, the price of lithium hexafluorophosphate rose by 635.71% from the lowest price of 70,000 yuan / ton in August 2020 to the lowest price of 515000 yuan / ton on October 27, 2021. It is also stimulated by the sharp increase in the price of this product that Yan'an Bikang made a net profit of 609 million yuan in the first three quarters, an increase of 4672.62% over the same period last year. At the same time, the company expects to make a net profit of 9.5-1 billion yuan for the whole of 2021, an increase of 188.72%-193.39% over the same period last year.
Jiangsu Cathay Pacific also said on the investor interactive platform on October 28 that Jiangsu Ruitai New Energy, a subsidiary of the company, is one of the leading domestic lithium-ion battery electrolyte enterprises, and its electrolyte shipments rank among the top three in China, accounting for about 15% of the domestic market in 2019.
According to the company's third-quarter results, the company earned a total of 11.52 billion yuan in revenue in the third quarter, up 33.8% from the same period last year, while the high net profit of shareholders belonging to listed companies was 384 million yuan, up 44.94% from the same period last year. The company achieved a total revenue of 26.143 billion yuan in the first three quarters, an increase of 23.46% over the same period last year, and the net profit of shareholders belonging to listed companies was 755 million yuan, up 27.2% from the same period last year.
In the current continuing shortage of lithium hexafluorophosphate, SMM recently announced that the company will increase the price of lithium hexafluorophosphate (99.5% domestic) from November 1, 2021, in order to help the market avoid transaction risks and reduce transaction costs. Welcome your attention!
[SMM announcement] quotation for SMM to add lithium hexafluorophosphate (99.95% domestic) from November 1, 2021
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