"take off the hat" Lithium salt upstart performance increased by 374% institutions, but northbound funds lined up to flee! Share prices soared 130% last month.

On August 25, the trading volume of the two cities exceeded trillion yuan for the 26th consecutive trading day, and the index also continued to rebound. Most of the stocks in the two cities were red, with only more than a dozen stocks falling by the limit or more than 10%. Resource stocks are heating up across the board, and the lithium plate continues to pick up after a previous pullback. In the lithium power plate on August 25, the equity reserves of lithium resources in China are second only to Ganfeng and Tianqi, and Rongjie shares, which are also among the top producers of lithium salt, opened lower on August 25, and finally closed at the limit at the end of the day.

According to the Dragon and Tiger list, northbound funds and institutional seats lined up to flee, with Shenzhen Stock Exchange selling 124 million, and the two institutional seats together selling 125 million Rongjie shares. In addition, the top hot money Citic Securities Shanghai Branch sold 85.1 million of Rongjie shares.

Rongjie shares last made the list when its market capitalization reached an all-time high on Aug. 2, when Citic Securities Yan'an Road bought a total of 189 million of Rongjie shares, while northbound funds also bought 315 million of Rongjie shares. Rongjie shares have fallen 15% since august 2.

On the news, the semi-annual results report released on the evening of Aug. 23 said that the net profit of returning home in the first half of 2021 was about 12.68 million yuan, an increase of 374.87 percent over the same period last year, and basic earnings per share was 0.049 yuan, an increase of 373.79 percent over the same period last year. This growth rate is also at the top of the lithium resources concept stock. In addition, Rongjie shares have not changed significantly.

Recently, no institution has reported to cover Rongjie shares, but according to its financial data, if its earnings per share performance during the "wearing a hat" period is excluded, its earnings per share reported in 2021 is nearly half lower than that reported in 2020. The decrease of earnings per share of listed companies often reflects the decline of operating ability and profitability of listed companies to a certain extent.

Since the launch of the current lithium market, the market value of Rongjie shares has doubled, especially in July, when the upstream concept of lithium resources strengthened, the share price rose 130% in a single month, second only to Jiangte Motor, which also fell sharply on August 25.

With more than 10 million profits and a market capitalization of 35 billion yuan, can the performance of Rongjie shares, which has just been delisted in March this year, absorb its recent rapid rise? This question remains to be answered by the market.

For the same lithium resources concept stock, Tibet City Investment, Dow Technology and Fulin Seiko rose sharply on August 25. In the face of the differentiation of individual stocks within the plate, the institutional point of view still believes that the important position of lithium resources in the new energy vehicle industry chain remains unchanged, and at present, the impact of tight supply of lithium concentrate has begun to emerge. the contradiction between supply and demand in the industry further catalyzes a comprehensive rise in the prices of battery-grade lithium carbonate, industrial-grade lithium carbonate, lithium hydroxide and lithium concentrate. On the other hand, the semi-annual reports released by some enterprises in the lithium industry show the explosive performance flexibility and super profitability of lithium enterprises under the sharp rise in lithium prices. China Galaxy Nonferrous team said that it will continue to recommend investment opportunities in the lithium industry.