SMM November 3: driven by the high-profile demeanor of the lithium industry in the first three quarters, the performance of a number of enterprises related to the lithium industry chain has achieved considerable growth. Recently, a number of enterprises have also gathered together to release their third-quarter financial data, and SMM has sorted out the enterprise transcripts of all aspects of the lithium industry chain for you.
From the perspective of the first three quarters of the net profits of the enterprises in the lithium industry chain, the price of the electrolyte headed by lithium hexafluorophosphate has increased significantly since 2021, driving the performance of the leading electrolyte enterprises to rise in a straight line. The leading enterprise of electrolyte, polyfluoroduo, relies on the increase of 5316.00% in net profit to stop the dust. Specific sub-plate point of view:
Lithium battery enterprises:
Ganfeng Lithium Industry:
On October 26, Ganfeng Lithium released the company's third-quarter financial report. According to the announcement, the company achieved a total operating income of 2.989 billion yuan in the third quarter, an increase of 98.50% over the same period last year, and a net profit of 1.056 billion yuan, up 506.99% from the same period last year, in line with its previous forecast for net profit in the third quarter. So far, Ganfeng Lithium Industry has achieved a net profit of 2.472 billion yuan in the first three quarters, up 648.24% from the same period last year.
For the reasons for the growth of the company's performance, Ganfeng Lithium Industry once said that, on the one hand, the company's product production and sales increased over the same period last year, coupled with the increase in the average price of product sales, the company's operating net profit increased; on the other hand, the company's financial assets generated fair value change income, which also contributed to the company's non-recurrent income growth compared with the same period last year.
"the net profit of Ganfeng lithium industry skyrocketed by 506.99% in the third quarter, with an average daily increase of nearly 3000 yuan / ton.
Azure lithium core:
On October 25, Azure Lithium Core released its third-quarter results. According to the financial report, the company achieved 1.664 billion of revenue in the third quarter, an increase of 40.19% over the same period last year. The net profit of shareholders belonging to listed companies in the third quarter was 166 million yuan, up 59.53% from the same period last year. In the first three quarters of 2021, the company's operating income was 4.748 billion yuan, an increase of 69.75% over the same period last year; the net profit belonging to shareholders of listed companies was 505 million yuan, an increase of 187.35% over the same period last year.
It is reported that Azure Lithium Core was able to achieve such a large profit increase during the reporting period, mainly because this year the company's business got rid of the impact of the epidemic in the same period, the company's three parts of business, especially lithium battery business, continued to sell fully, successfully realized product price increases to cope with the continuous rise in material costs, maintained the relative stability of gross profit margin and net profit margin, and became the company's largest source of profit contribution, while LED business also achieved a turnaround.
"the net profit of Azure Lithium Core increased by 187.35% in the first three quarters compared with the same period last year.
Ningde era:
On the evening of October 27, Ningde era released its third-quarter results. According to the financial report, the company achieved a total revenue of 29.287 billion yuan in the third quarter, an increase of 130.73% over the same period last year, and the net profit of shareholders belonging to listed companies in the third quarter was 3.267 billion yuan. The company achieved a total operating income of 73.362 billion yuan in the first three quarters, an increase of 132.73% over the same period last year, and the net profit of shareholders belonging to listed companies in the first three quarters was 7.751 billion yuan, an increase of 130.90% over the same period last year.
Recently, as the Ningde era continues to enrich its layout in the field of power batteries, the share price of the Ningde era has repeatedly reached record highs, which can be described as a veritable trillion "Ningwang". However, the road of acquisition in the Ningde era is not plain sailing. The Ningde era, which "grabbed food from the Ganfeng lithium industry", was recently cut off. November second, Lithium Americas Corp. To Millennial Lithium Corp. Submitted an unconditional offer to cut off the agreement price of C $377 million previously offered by the Huning era at a transaction price of C $470 million. At present, Millennial has notified Ningde Times to remind it that it can propose to amend the terms of the agreement within 10 working days. Ningde Times also confirmed that the news was true, and said that the progress of the follow-up specific incident shall prevail with the announcement.
"the net profit in the third quarter of Ningde era increased by nearly 30% from the previous quarter." the gross profit margin of raw materials "skyrocketed" rose instead of falling.
Guoxuan Hi-Tech:
On the evening of October 28, Guoxuan Hi-Tech released its third-quarter financial report. Unlike other lithium battery companies that made a lot of money in the first three quarters driven by the high prosperity of the lithium industry chain, Guoxuan Hi-Tech's operating income in the third quarter was 2.173 billion yuan, an increase of 31.27% over the same period last year, and the net profit of shareholders belonging to listed companies was 19.65 million, a decrease of 59.98% compared with the same period in 2020. The company achieved a total revenue of 5.725 billion yuan in the first three quarters, an increase of 40.4% over the same period last year. The net profit of shareholders belonging to listed companies in the first three quarters was 67.83 million, down 20.45% from the same period last year.
For the reasons for the decline in the company's profits this year, Guoxuan Hi-Tech said that it was mainly due to increased R & D investment in the first half of the year, and rising raw material prices led to an increase in procurement expenditure, which had a greater impact on the company's gross profit In the future, the company will further improve the layout of the industrial chain, increase the level of technological research and development, promote cost reduction, strengthen cost control, and improve the company's management quality.
"the net profit of Guoxuan Hi-Tech decreased by 20.45% in the third quarter compared with the same period last year.
Cathode material enterprises:
In terms of cathode materials, take the dynamic ternary precursor as an example, according to the spot quotation of SMM, the price of the dynamic ternary precursor has risen many times in the first three quarters of 2021. As of September 30, the average spot price of power ternary precursors was 134000 yuan / ton, up 39000 yuan / ton or 41.1% from the beginning of the year.
"Click to view the spot market of SMM new energy products.
According to the recent research of SMM, there is an oversupply of precursors at present. In terms of price, due to the influence of cost, the market transaction price has increased recently, but taking into account the sale of low-priced products in the market, the procurement demand of superimposed materials enterprises has weakened, as the current price of the previous driver has risen slowly. "View details
Cunninghamia lanceolata:
On the evening of October 27th, Cunninghamia lanceolata released its third-quarter results. According to the announcement, the company achieved operating income of 5.765 billion yuan in the third quarter, an increase of 145.05% over the same period last year, and net profit of 2.014 billion yuan, an increase of 1034.67% over the same period last year. The company achieved a cumulative revenue of 15.712 billion yuan in the first three quarters, an increase of 182.43% over the same period in 2020, and the company's net profit in the first three quarters was 2.774 billion yuan, an increase of 899.29% over the same period last year.
As for the reason for the substantial increase in the company's performance, Shanshan said that it was mainly due to the continuous improvement in the prosperity of the new energy vehicle industry, strong downstream demand, and a substantial increase in the sales and profitability of the company's lithium materials business. Among them, the company's anode materials, cathode materials and electrolyte business have made considerable gains in the context of the sharp rise in the price of raw materials.
The net profit of Shanshan Co., Ltd. soared 1034.67% in the third quarter compared with the same period last year. Lithium power business is booming.
Rongbai Technology:
On October 27th, Rongbai Technology announced that revenue in the first three quarters was 6.25 billion yuan, up 166.5 percent from the same period last year, while net profit belonging to shareholders of listed companies was 549 million yuan, up 383.56 percent from the same period last year. Of this total, revenue in the third quarter was 2.659 billion yuan, an increase of 138.65 percent over the same period last year; the net profit belonging to shareholders of listed companies was 228 million yuan, an increase of 284.7 percent over the same period last year.
With regard to the substantial increase in revenue, Rongbai Technology said that it was mainly affected by three factors: 1. The global new energy vehicle market and power battery demand is strong, the sales of core products NCM811, Ni90 and above high nickel, ultra-high nickel series, NCA products increased year on year; 2. The effective release of new production capacity and the improvement of capacity utilization led to a significant increase in sales volume compared with the previous month. 3. Combined with the rising prices of upstream raw materials and market supply and demand, the company increases the price of its products accordingly according to the pricing mechanism.
"benefiting from the strong demand in the market, the net profit of Rongbai Technology in the first three quarters increased by 383.56% year on year.
Huayou Cobalt Industry:
After trading on October 29, Huayou Cobalt released its results for the third quarter of 2021. According to the financial report data, the company achieved a total revenue of 8.5 billion yuan in the third quarter, an increase of 46.93% over the same period last year. The net profit of shareholders belonging to listed companies was 900 million yuan, an increase of 167.16% over the same period last year. The company's operating income in the first three quarters was 22.796 billion yuan, an increase of 53.63% over the same period last year; the net profit of shareholders belonging to listed companies was 2.369 billion yuan, an increase of 244.95% over the same period last year.
According to public data, Huayou Cobalt is mainly engaged in the R & D and manufacturing of new energy lithium materials and cobalt new materials, and the company has a collection of cobalt and nickel resources development and lithium materials manufacturing in an integrated industrial chain. Its business in the new energy sector is mainly the research and development, production and sales of ternary precursors of lithium cathode materials.
"Huayou Cobalt's net profit increased by 244.95% in the first three quarters compared with the same period last year, not involving lithium iron phosphate business.
Bertre:
On October 26th, Bertre disclosed its third-quarter report for 2021. According to the third quarterly report, in the first three quarters of 2021, Beitri achieved operating income of 6.851 billion yuan, an increase of 154.18 percent over the same period last year, and a net profit of 1.09 billion yuan belonging to shareholders of listed companies, an increase of 207.91 percent over the same period last year. In the third quarter, Bertre achieved operating income of 2.644 billion yuan, an increase of 133.89% over the same period last year, and a net profit of 360 million yuan belonging to shareholders of the listed company, an increase of 167.78% over the same period last year.
As for the reason for the company's performance growth, Bertre said that the growth in demand for new energy vehicles in this period led to the rapid development of the lithium-ion battery and materials industry, resulting in an increase in the production and sales of the company's products, as well as a corresponding increase in revenue and costs.
"it made a profit of nearly 1.1 billion in the first three quarters! The growth of demand for new energy vehicles leads to the increase of Bertrand's profit.
When promoted to science and technology:
On the evening of October 27, Dangsheng Technology revealed three quarterly reports. In the first three quarters of 2021, the company achieved operating income of 5171471657.89 yuan, an increase of 155.00% over the same period last year; net profit belonging to shareholders of listed companies was 727473723.74 yuan, an increase of 174.94% over the same period last year; and basic earnings per share was 1.6037 yuan. Of this total, the net profit attributable to shareholders of listed companies reached 280445915.60 yuan in the third quarter, an increase of 136.63% over the same period last year.
Data show that Dangsheng Technology is a high-tech enterprise engaged in R & D and production of new energy materials. It is mainly engaged in the research, development, production and sales of small lithium and power lithium cathode materials such as lithium cobalt oxide, multicomponent materials and lithium manganate. Since entering the lithium cathode material industry, it has maintained a good momentum of development. It has become the first domestic supplier of lithium cathode materials, and is one of the leading enterprises of lithium cathode materials in China.
"the net profit in the first three quarters of Dangsheng Technology increased by 174.94% compared with the same period last year.
Negative material enterprises:
Xiang Fenghua:
On October 25, Xiang Fenghua released its results for the third quarter of 2021. According to the financial report, the company's revenue in the third quarter was 308 million yuan, an increase of 155.44 percent over the same period last year, while the net profit of shareholders belonging to listed companies was 13.77 million yuan, an increase of 15.47 percent over the same period last year. The company achieved a total revenue of 690 million yuan in the first three quarters, an increase of 108.21% over the same period in 2020. The net profit of shareholders belonging to listed companies in the first three quarters was 56.49 million yuan, an increase of 42.34% over the same period last year.
For the reason for the substantial increase in revenue during the reporting period, Xiang Fenghua said that the acceleration of the prosperity of the new energy vehicle industry led to an increase in the company's product sales compared with the same period last year.
Xiangfenghua's net profit in the first three quarters increased by 42.34% compared with the same period last year, and sales of negative materials increased.
Pu Tai Lai:
On October 29th, Putai released its third-quarter results. According to the financial data, the company achieved a total revenue of 2.372 billion yuan in the third quarter, an increase of 62.59% over the same period last year, while the net profit of shareholders belonging to listed companies was 456 million yuan, an increase of 108.61% over the same period last year. The company achieved a total revenue of 6.295 billion yuan in the first three quarters, an increase of 88.10% over the same period in 2020. The net profit of shareholders belonging to listed companies in the first three quarters was 1.231 billion yuan, an increase of 196.38% over the same period last year.
The announcement said that revenue growth is mainly due to the continued strong demand in the global lithium-ion battery market, and the company actively seizes the market opportunity to speed up production capacity construction. through a sound industrial chain layout and integrated business coordination to effectively meet the market needs of lithium-ion battery customers, the company achieved rapid growth in product sales in various business sectors during the reporting period.
"net profit in the first three quarters of Pu Tai Lai increased by 196.38% to 1.231 billion yuan compared with the same period last year.
Electrolyte enterprises:
In 2021, lithium hexafluorophosphate is definitely a very eye-catching presence in lithium electric raw materials. According to statistics, since the beginning of 2021, the price of lithium hexafluorophosphate has risen from about 105000 yuan / ton to about 535000 yuan / ton, an increase of 410%, resulting in a substantial increase in electrolyte and battery costs.
Today, with the high price of lithium hexafluorophosphate, SMM also launched the quotation of lithium hexafluorophosphate on November 1. As of November 3, the spot price of lithium hexafluorophosphate is 510000,530000 yuan / ton, with an average price of 520000 yuan / ton.
Benefiting from the rise in the price of electrolyte not led by lithium hexafluorophosphate, a number of domestic electrolyte giants also reaped a lot in the first three quarters of 2021, as follows:
Dofurdo:
On 14 October, PFD disclosed its third quarter report for 2021. According to the report, the company achieved a total revenue of 2.402 billion yuan in the third quarter, an increase of 112.43% over the same period last year, and the net profit of shareholders belonging to listed companies in the third quarter was 429 million yuan, up 20586.20% from the same period last year. The company achieved a total revenue of 5.307 billion yuan in the first three quarters, an increase of 85.36% over the same period last year. The net profit of shareholders belonging to listed companies in the first three quarters was 737 million yuan, up 5316.00% from the same period last year. The net profit in the first three quarters is in line with the previous expectations of Dofurdo.
As for the reason for the substantial improvement in the company's performance, Duofuo explained that it is mainly due to the strong market demand for the company's new material products and the rise in volume and price, which eventually leads to a substantial increase in profitability.
"the net profit of polyfluorodo skyrocketed by more than 205 times in the third quarter! The quantity and price of new materials have gone up together.
Yan'an Bikang:
On October 29, Yan'an Bikang released its financial results for the third quarter of 2021. According to the financial report, the company achieved a total of 2.142 billion yuan in the third quarter, an increase of 31.35% over the same period last year. The net profit of shareholders belonging to listed companies in the third quarter was 306 million, an increase of 1434.52% over the same period last year. The company achieved 5.591 billion of revenue in the first three quarters, an increase of 8.8% over the same period last year, and the net profit of shareholders belonging to listed companies was 609 million yuan, an increase of 4672.62% over the same period last year.
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 the company made a lot of profits in the first three quarters. In addition, the company expects to make a net profit of 9.5-1 billion yuan in 2021, an increase of 188.72%-193.39% over the same period last year.
"Lithium battery plates rise and fall again! A number of lithium companies report good results. This company has three boards in four days.
Tianji shares:
On October 18th, Skyline released its results for the third quarter of 2021. According to the financial report, the company's revenue in the third quarter was 687 million yuan, an increase of 287.3% over the same period last year. The net profit attributed to shareholders of listed companies in the third quarter was 242 million yuan, an increase of 2491.07% over the same period last year. The company's total revenue in the first three quarters was 1.438 billion yuan, an increase of 220.7 percent over the same period last year. The net profit attributed to shareholders of listed companies in the first three quarters was 446 million yuan, an increase of 1120.48 percent over the same period last year.
Prior to this, investors asked questions about the company's main source of income in the third quarter on the interactive platform, and Skyline calmly replied that the company's profit in the first three quarters mainly came from lithium hexafluorophosphate business. According to Tianji shares, the company already has a capacity of 8160 tons of lithium hexafluorophosphate, with additional production planned for trial production in the second quarter of 2022.
"the net profit of Tianji shares soared 2491.07% in the third quarter compared with the same period last year. Lithium hexafluorophosphate is the biggest contributor.
Divine materials:
On the evening of October 26th, Tianci (002709) disclosed its performance report that the company's operating income in the first three quarters was 6.623 billion yuan, an increase of 145.7% over the same period last year, while the net profit belonging to shareholders of listed companies was 1.554 billion yuan, an increase of 199.72% over the same period last year. Among them, in the third quarter, the company realized operating income of 2.924 billion yuan, an increase of 165.1% over the same period last year, and the net profit belonging to shareholders of listed companies was 771 million yuan, an increase of 273% over the same period last year.
Tianzi material said that the company's operating income increased significantly in the first three quarters, mainly due to the substantial increase in the volume and price of lithium-ion battery electrolyte products during the reporting period.
"the net profit of Divine Materials in the third quarter is proposed to exceed 1.5 billion yuan to invest in electrolyte and battery recycling projects.
Yongxing material:
On October 28, Yongxing material released its financial results for the third quarter of 2021. According to the financial report, the company's revenue in the third quarter was 1.875 billion yuan, an increase of 33.67% over the same period last year, while the net profit of shareholders belonging to listed companies was 248 million yuan, an increase of 172.97% over the same period last year. The company achieved a total revenue of 4.922 billion yuan in the first three quarters, an increase of 35.34% over the same period in 2020. The net profit of shareholders belonging to listed companies in the first three quarters was 550 million yuan, an increase of 116.61% over the same period last year.
For the reasons for the company's performance growth, Yongxing material said that during the reporting period, on the basis of the steady development of the special steel new materials business, with the rapid development of the new energy vehicle and energy storage industry, the prosperity of the lithium salt industry continues to rise. the price of lithium salt materials also continues to rise, the company's lithium new energy business production and marketing situation is good, profitability has been greatly improved and enhanced, which is the main growth point of the company's profits in the reporting period.
The net profit of Yongxing Materials rose 172.97% in the third quarter compared with the same period last year.
Jiangsu Cathay Pacific:
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.
On the investor interaction platform on October 28, Jiangsu Cathay Pacific said that Jiangsu Ruitai New Energy, a subsidiary of the company, is one of the leading domestic lithium-ion battery electrolyte companies, and its electrolyte shipments rank among the top three in China, accounting for about 15% of the domestic market in 2019.
"Lithium battery plates rise and fall again! A number of lithium companies report good results. This company has three boards in four days.
From the performance of the above 23 enterprises, it is not difficult to see that the lithium field as a high prosperity sector, in the increasingly popular development of new energy vehicles today, the future returns to a large number of enterprises are unlimited.
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