The intraday share price of hundreds of billions of lithium power giant hit a new high! Yiwei Lithium can break 2 billion layout upstream Lithium Resources Agency expects net profit to soar by more than 104% this year.

SMM July 12: today's opening, Yiwei Lithium can quickly rise, the highest intraday rose more than 11%, the stock price also rose to 131.5 yuan per share to a new high, the performance is very eye-catching. By midday's close, Yiwei LiNeng was up 9.3% at 128.52 yuan per share.

On the news, on July 9, Yiwei LiNeng issued two acquisition announcements on the same day, one is to invest 144 million yuan to acquire a 28.125% stake in Jinkunlun Lithium Industry Co., Ltd., and set up a joint venture with it. After that, it will invest no more than 1.8 billion yuan in phases to build an annual production capacity of 30, 000 tons of lithium carbonate and lithium hydroxide. The first phase of the project has an annual output of 10,000 tons of lithium carbonate and lithium hydroxide, with a construction period of no more than 36 months.

It is reported that Jinkunlun lithium industry has an annual production capacity of 1000 tons of lithium metal, with a planned annual production capacity of 3000 tons.

For this decision, Yiwei LiNeng said that it can give full play to their respective advantages and resources and reduce the adverse impact of raw material price fluctuations on the company. at the same time, it is of positive significance for the company to open up the upstream industrial chain and optimize the industrial layout.

The second is that the company plans to buy a 5% stake in Dachaidan Dahua Chemical Co., Ltd for 110 million yuan. It is reported that Dachaidan Salt Lake covers an area of 240square kilometers, Dahua Chemical owns 90 square kilometers of Dachaidan Salt Lake mining rights, and the salt lake liquid mine holds nearly 300000 tons of LiCl. After the acquisition, Yiwei LiNeng and parent company Yiwei Holdings will have a combined 34% stake in Dahua Chemical.

Yiwei Lithium Energy said that this decision can further reduce the company's production and operating costs while speeding up the development of boron and potash ore resources in Dachaidan Salt Lake and increasing the resource reserves and production capacity of Dahua Chemical Co., Ltd., which will help the company to further focus on the main business of lithium batteries, continuously improve the stability of the supply chain, and then continue to enhance the company's anti-risk ability and profitability.

In response, Soochow Securities commented that Yiwei lithium power battery strategy turned to attack, product and technical attainments were fully recognized by customers, and began to speed up production expansion in an all-round way in 2021, with shipments exceeding 13GWhh, an increase of 160% compared with the same period last year, and revenue of more than 10 billion yuan. The increase of iron and lithium is significant in 2022 and will be a square ternary battery in 2023. Future shipments are expected to continue to double and enter the first camp in an all-round way.

Guoxin Securities said that the company had previously reached in-depth cooperation with New Zebang, Huayou Cobalt, German Nano, Bertre and other companies in the fields of electrolyte, cobalt nickel resources, lithium iron phosphate and ternary high nickel cathode materials. At the same time of gradually increasing the upstream resources, the construction of travel materials and the upstream mineral security have gone hand in hand. Its net profit is expected to reach 3.132 billion yuan in 2021, an increase of 89.58% over the same period last year.

Compared with Guoxin Securities, Societe Generale Securities is obviously bolder, predicting that the net profit of Yiwei LiNeng will reach 3.376 billion yuan in 2021, an increase of 104.35% over the same period last year. In addition, Soochow Securities said it slightly raised the company's net profit from 2021 to 2023, which is expected to rise 123% year-on-year in 2021.

Not only that, Soochow Securities also predicts that the effective supply of lithium carbonate will be 520000 tons in 2021, and the supply and demand structure will be obviously tight in the second half of the year and next year. Soochow Securities expects that the company's shipments will reach 130.25GWH in 21-22 years, and will surpass 100GWh in 25 years.

According to SMM research, the price of lithium carbonate has remained stable recently, and the inventory of smelters in Qinghai and Jiangxi has been obviously released, mainly for the concentrated hoarding of goods by traders, and the inventory pressure of smelters has been transferred to traders, so some manufacturers have raised their quotations, and the upstream and downstream are in a strong game state. As for lithium hydroxide, the mainstream manufacturers entered the annual shutdown and maintenance stage and continued until late July, reducing the supply of the spot market, downstream procurement is becoming more and more difficult, and spot prices continue to rise. "View details

As of July 9, according to the spot price of SMM, the average price of domestic battery-grade lithium hydroxide was 96000 yuan / ton, an increase of 95.9% during the year.

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