Crazy lithium materials! The net profit of the two enterprises in the third quarter far exceeds the first half of the year!

The third quarter has come to an end, and it is clear that the third-quarter results will be the focus of the market.

In the new energy industry, due to the sharp rise in the price of raw materials this year, a considerable number of enterprises have made a lot of money.

The third quarter net profit of Yongtai Technology is nearly three times that of the first half of the year.

According to the "results Forecast for the first three quarters of 2021" released by 002326.SZ on September 23, the net profit belonging to shareholders of listed companies was about 258 million yuan to 306 million yuan (median 282 million yuan) from July 1, 2021 to September 30, 2021, an increase of 150,0.00%, 1800.00% over the same period last year.

The announcement pointed out that the net profit mainly comes from the performance growth of the company's lithium materials products. Among them, the market demand for lithium hexafluorophosphate products increased significantly, product prices continued to rise, and gross profit margin increased, resulting in a year-on-year increase in performance; the production workshops for lithium battery additive products VC and FEC were completed and put into production and started to sell during the reporting period, increasing the company's source of profit.

According to Vike Lithium understanding, the current part of the market price of lithium hexafluorophosphate has exceeded 500000 yuan / ton. By comparison, it is more intuitive: in September 2020, the price of lithium hexafluorophosphate is about 70,000 yuan / ton. In other words, in one year, the price of lithium hexafluorophosphate increased by more than 700%!

As early as August 13, the semi-annual report released by Yongtai Technology showed that the company's main income was 1.976 billion yuan and its mother's net profit was 95.2994 million yuan.

In terms of median, the net profit of Yongtai Technology in the third quarter has reached 282 million yuan, an increase of 295.94% compared with 95.2994 million yuan in the first half, which is very close to 300%.

According to the public data of the market, Yongtai Technology is a comprehensive listed enterprise, and its main products are divided into three categories according to the field of terminal application, including medicine, pesticides, lithium batteries and other materials. According to the first half of the year statistics, lithium electricity and other materials accounted for 18.46% of business revenue, an increase of 196.88% over the same period last year, making it the product with the largest growth rate.

On July 31, 2021, Yongtai Technology and Ningde era signed a "material purchase Agreement", which stipulates that Ningde era will purchase lithium hexafluorophosphate, lithium difluorosulfonimide (LIFSI) and ethylene carbonate (VC) products from Yongtai Technology during the validity period of the agreement.

The agreement is valid from July 31, 2021 to December 31, 2026. Within 10 days after the agreement is signed, Ningde Times will pay Yongtai Technology a total of 600 million yuan in advance for products.

It is worth noting that some analysts pointed out that Yongtai Technology can build 25000 tons of VC, at a cost of 450 million yuan. Therefore, if the price of VC falls back to 100000 yuan per ton, Yongtai Technology will still make money, and other manufacturers will lose money and force other manufacturers to stop production.

This is the power of Yongtai Technology.

Another point is that the surge in net profit directly lowers the price-to-earnings ratio, which is a significant boon to corporate valuations. For Yongtai Technology, its latest dynamic P / E ratio is 244.3 times, and the stock market's earnings ratio will fall to 92.51 times after the release of the three-quarter report, a drop of as much as 62.13%. If calculated on the basis of third-quarter net profit, the earnings ratio of the stock market will further fall to about 30 times, a drop of as much as 87.72%!

In the secondary market, as of September 30, Yongtai Technology reported 53.12 yuan per share, which has withdrawn 23.21% from its peak of 69.18 yuan on September 15. At present, the total market capitalization is less than 50 billion yuan, which is 46.56 billion yuan.

The production and marketing of Tianji shares are booming.

According to the "results Forecast for the first three quarters of 2021" issued by 002759.SZ on September 15, from July 1, 2021 to September 30, 2021, the net profit belonging to shareholders of listed companies reached between 240 million yuan and 260 million yuan, completely turning losses into profits.

The announcement said that in the first three quarters of 2021, the company's production and sales of lithium hexafluorophosphate products were booming, coupled with higher sales prices, lithium hexafluorophosphate performance increased significantly compared with the same period last year.

According to the semi-annual report released on July 27th, the net profit of Tianji shares belonging to shareholders of listed companies was 205 million yuan in the first half of 2021.

This is also an example of a net profit in the third quarter exceeding that in the first half.

Market data show that Tianji shares mainly produce and sell lithium materials (lithium hexafluorophosphate) and small household appliances. In the first half of 2021, Skyline's sales of lithium materials (lithium hexafluorophosphate) reached 616 million yuan, accounting for a further increase in the company's total sales, reaching 81.79%.

On July 18, Tianji shares announced that Xintai Materials, a wholly-owned subsidiary, signed a "long-term cooperation agreement" with Shenzhen BYD on the long-term supply of lithium hexafluorophosphate. The two sides have determined the supply quantity of lithium hexafluorophosphate products: from July 2021 to December 2022, Xintai Materials will supply no less than 3500 tons of lithium hexafluorophosphate to Shenzhen BYD; in 2023, the supply of lithium hexafluorophosphate products will be 3600 tons to 7800 tons. Specific production capacity will be negotiated again in December 2022.

On July 25, Skyline announced that Xintai Materials signed an annual procurement agreement with Zhangjiagang Guotai Huarong Chemical New Materials Co., Ltd., and Ningde Taihuarong New Materials Co., Ltd. on the supply of lithium hexafluorophosphate.

The two sides determine the supply quantity of lithium hexafluorophosphate products: from July 2021 to June 2023, Xintai Materials will supply no less than 12000 tons of lithium hexafluorophosphate products; from July 2022 to June 2023, Xintai Materials will supply no less than 2400 tons of lithium hexafluorophosphate products on the basis of the original locked supply.

The agreement is valid until June 30, 2023. If Party An and Party B have no objection, it can be extended for one year.

August 21, Tianji shares announcement, Xintai Materials recently signed a "letter of intent for Project Investment" with Jiangsu Changshu New Materials Industry Park and Ruitai New Materials. Xintai Materials and Ruitai New Materials plan to jointly invest in setting up a new company in the industrial park to invest in the production and sales project of lithium salt materials such as lithium hexafluorophosphate with an annual output of 30, 000 tons, with a total investment of 3 billion yuan.

In the secondary market, as of September 30, Skyline shares were at 44.14 yuan per share, which has withdrawn 16.73% from its peak of 53.01 yuan on September 16. At present, the total market capitalization is less than 20 billion yuan, which is 17.75 billion yuan.

Write at the end

There are many other new energy companies that performed well in the third quarter. For example, 000988.SZ, a lithium equipment provider, is also one of the companies whose net profit in the third quarter exceeded that of the first half of the year.

On the last trading day of the third quarter (September 30), new energy stocks, which have been silent for a long time, have once again performed well in the secondary market. As the focus of the market turns to performance, a new round of uptrend of new energy stocks may appear.