"A good start"! 2021 Lithium industry's first financial report this material increases the net profit of Tianji shares by more than 7011% [SMM]

SMM Feb. 23: with the first quarter passing through more than half of the year, the performance reports of many enterprises in 2021 also began to surface one after another. The lithium industry is recognized as a high-profile industry in 2021, and the performance reports of its related enterprises have also attracted much attention from the market. SMM roughly sorted out the six lithium industry chain-related companies that recently released financial results, and found that the net profit of Tianji shares belonging to listed companies rose by more than 7011% in 2021 compared with the same period last year.

Specifically,

Tianji shares:

On the evening of February 21, Skyline disclosed its annual report for 2021 that the company achieved revenue of 2.253 billion yuan in 2021, an increase of 203.24% over the adjusted year-on-year, and a net profit of 745 million yuan, compared with a loss of 10.7799 million yuan in the same period last year, an increase of 7011.34% over the same period last year.

It is worth mentioning that in the two main businesses of Skyline shares, lithium hexafluorophosphate and small household appliances, lithium hexafluorophosphate accounts for more than 80% of the total income, and the sales income of lithium battery business for the whole year is 1.89 billion yuan. The proportion of small household appliances in total income continues to decline, accounting for less than 20%.

According to the spot price of SMM, the price of lithium hexafluorophosphate has continued to rise with an average daily increase of 10000 yuan since February 17. However, today its price has temporarily stabilized at 590000 yuan / ton. Lithium hexafluorophosphate is one of the main raw materials of electrolyte. Considering the current situation that the supply of lithium hexafluorophosphate falls short of demand, the market generally believes that the supply of lithium hexafluorophosphate still falls short of demand in the next two years.

"Tianji shares accounted for more than 2.253 billion of revenue in 2021, accounting for more than 80% of lithium hexafluorophosphate revenue.

"Click to order to view the spot historical price of SMM new energy products.

Long-term Lithium Section:

On the evening of February 16, long-term Lithium Co., Ltd. released its performance KuaiBao. In 2021, the company achieved operating income of 6.841 billion yuan, an increase of 240.25% over the same period last year, and a net profit of 701 million yuan belonging to shareholders of listed companies, an increase of 538.17% over the same period last year.

Long-term Lithium said that in 2021, there was a strong demand for new energy vehicles, a substantial increase in sales, a surge in power battery installation, a rapid growth in downstream customer demand for the company's products, and a substantial increase in production and sales compared with the same period last year. At the same time, the company's production line is running at full load, the utilization rate of production capacity is significantly improved, cost reduction and efficiency are achieved under large-scale production, the unit manufacturing cost of the product is reduced, the gross profit is increased, and the company's profit is increased.

"the supply of cathode materials falls short of demand. Long-term net profit of Lithium Co., Ltd. in 2021 exceeds 700 million.

Made by Koda:

On the evening of February 14th, Koda Manufacturing released its performance KuaiBao. In 2021, the company achieved a total revenue of 9.591 billion yuan, an increase of 31.43% over the same period last year, and a net profit of 1.032 billion yuan, an increase of 294.6% over the same period last year.

Koda Manufacturing said that in the lithium materials business, during the reporting period, the company focused on promoting the graphitization capacity construction of its subsidiaries and building an integrated industrial chain of "calcined coke-graphitization-artificial graphite-silicon carbon negative electrode". To achieve the overall profitability of lithium materials business. In addition, in terms of strategic investment, due to the gradual release of new production capacity and the rise in the market price of lithium carbonate products, the net profit of Qinghai Salt Lake Lanke Lithium Industry Co., Ltd. in 2021 increased significantly compared with the same period last year, and the investment income recognized by the company also increased significantly compared with the same period last year.

"the volume and price of Lanke Lithium products has risen. The net profit of Koda Manufacturing in 2021 increased by 294.6% compared with the same period last year.

Ya Hua Group:

On the evening of February 21, Yahua Group announced that the company achieved revenue of 5.233 billion yuan in 2021, an increase of 60.99% over the same period last year, while the net profit of shareholders belonging to listed companies was about 925 million yuan, an increase of 185.5% over the same period last year. At the same time, the company also forecasts its performance in the first quarter of 2022, and its net profit attributable to shareholders of listed companies is expected to reach 900 million yuan to 1.2 billion yuan in the first quarter, an increase of 1053.67% to 1438.22% over the same period last year, exceeding the whole of last year.

With regard to the reasons for the growth of the company's performance, Ya Hua Group said that during the reporting period, the company's civil explosion business continued to strive for steady progress, and its performance grew steadily; the demand of the lithium industry continued to rise, and the price of lithium products continued to rise; the company seized the opportunity to release production capacity and increase sales, the sales of lithium products gradually increased, and the profits of lithium business increased significantly. Stimulated by this news, the share price of Yahua Group jumped short and opened high on February 22, and successfully won two consecutive trading boards.

"is the policy good? The lithium battery plate repeats its long-standing rise and stop tide. The company's performance "explodes" two consecutive plates [hot stocks]

Xiamen Tungsten Industry:

Around February 16, Xiamen tungsten industry released its performance KuaiBao. In 2021, the company realized operating income of 318.42 yuan, an increase of 67.91% over the same period last year, and a net profit of 1.179 billion yuan, an increase of 92.04% over the same period last year.

Among them, the business income of battery materials (including lithium cathode materials and hydrogen storage alloy business) was about 15.913 billion yuan, an increase of about 93.68% over the same period last year; the total profit realized was about 641 million yuan, an increase of about 130.32% over the same period last year. Xiamen tungsten industry said that in 2021, the company continued to increase the research and development of lithium cobalt products, sales increased. Under the influence of the high prosperity of the electric vehicle industry, the company's production and sales of ternary materials are booming. At the same time, the company makes use of the advantages of high power and high voltage to expand sales, the overall sales of ternary materials are significantly higher than the same period last year, and the scale effect is further revealed. profits have increased significantly.

"the profit of ternary materials has greatly increased the net profit of Xiamen tungsten industry by 1.179 billion yuan in 2021.

Zhenhua New material:

On February 18th, Zhenhua Xinliao, a lithium materials company, released its 2021 results, KuaiBao. According to the announcement, in 2021, the company's total operating income reached 5.515 billion yuan, an increase of 432.07 percent over the same period last year, and the net profit of shareholders belonging to listed companies was 413 million yuan, turning losses into profits.

For the reasons for the rapid improvement in performance, Zhenhua Xincai said that in 2021, the market for power batteries for new energy vehicles grew rapidly, downstream customers had a strong demand for cathode materials, and the company's sales and revenue of cathode materials increased significantly compared with the same period last year. Among them, high nickel ternary materials due to matching downstream customer demand, sales and income accounted for a substantial increase. At the same time, with the significant improvement of the company's capacity utilization and output in 2021, the release of economies of scale brings cost reduction and efficiency; and because the company strengthens the procurement layout of some raw materials, effectively controls the cost of raw materials, and improves profitability.

"the proportion of sales of high nickel ternary cathode materials has increased sharply. Zhenhua new materials have turned losses into profits in 2021.

In addition to the above-mentioned enterprises that have issued results, well-known companies in the lithium field, such as Tianqi Lithium Industry, Ganfeng Lithium Industry and Shanshan shares, have also issued their 2021 performance forecasts. have made very bright expectations for their respective performance in 2021. SMM will then continue to follow up on its 2021 results report.

In 2022, the spot price of SMM shows that since the beginning of the year, the spot price of domestic battery-grade lithium carbonate has risen from 278000 yuan at the beginning of the year to 460000 yuan today, an increase of 65.47 percent. Battery-grade lithium hydroxide also rose from 222500 yuan at the beginning of the year to 402500 yuan today, with the average price breaking the 400000 mark, an increase of 80.9 percent.

According to recent research by SMM, the gap in the lithium carbonate market narrowed slightly in February, but the gap is still there, so the price of lithium carbonate is still on the rise. And at present, the expansion of lithium iron phosphate downstream continues, and the inquiry for lithium carbonate remains high, and it is expected that the mainstream transaction price will further increase; while for lithium hydroxide, in February, the decline in supply side is greater than the decline in demand, resulting in the enlargement of lithium hydroxide gap and a significant increase in prices. Near the end of February, the order volume of high-nickel material enterprises has increased, in the case of the upstream quotation continues to rise, downstream enterprises are expected to passively accept the increase in raw materials, the transaction price further upward. "View details

It is worth mentioning that a few days ago, on the live broadcast of online new energy market hosted by SMM, Liu Xiaoyi, senior analyst of SMM new energy industry, also analyzed and prospected the supply and demand pattern of China's lithium market in the first quarter of 2022. She believes that from 2021 to 2022, driven by the slow putting into production of lithium mines and the high growth rate of demand in the new energy market, the prices of lithium carbonate and lithium hydroxide will rise all the way; followed by the successive commissioning of overseas mines, downstream demand will be met, and the price of lithium salt will be slightly adjusted. "View details

April 27-29 2022 (Seventh) China International New Energy Conference

New ecology of sustainable and high development

As the global carbon emission requirements become more stringent year by year and superimposed multinational subsidy policies and other incentives, the European market electrification route is clear. Including the Netherlands, Norway, the United Kingdom, Sweden and other European countries have formulated a ban on the sale of fuel vehicles, starting from 2025 to stop the sale of fuel vehicles. Driven by this, the global output of new energy vehicles is expected to exceed 18 million in 2025.

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