Tianqi Lithium Corporation(002466) a substantial turnaround from loss to profit, and the performance of many lithium battery industry companies is expected to increase

On the evening of January 26, benefiting from the improvement of the industry prosperity, Tianqi Lithium Corporation(002466) , Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Dingsheng new materials and other lithium battery industry chain companies issued performance pre announcement.

Tianqi Lithium Corporation(002466) it is expected to achieve a net profit of 1.8 billion yuan to 2.4 billion yuan in 2021 and a loss of 1.834 billion yuan in 2020; The net profit after deducting non-profit is 1.08 billion yuan to 1.6 billion yuan, and the loss in 2020 is 1.294 billion yuan.

The business of Tianqi Lithium Corporation(002466) covers the key stages of the lithium industry chain, including the development of hard rock lithium resources, the processing and sales of lithium concentrate, and the production and sales of lithium chemical products. The company’s expected performance in 2021 is expected to turn from loss to profit year-on-year, which is mainly due to the improvement of the global new energy vehicle boom, the accelerated capacity expansion of lithium-ion battery manufacturers, the pick-up of downstream cathode material orders and other factors, resulting in a significant increase in the sales volume and average sales price of main lithium products compared with 2020.

Lithium battery equipment providers represented by Wuxi Lead Intelligent Equipment Co.Ltd(300450) benefited from the rapid development of lithium battery industry in 2021, actively explored the market on the basis of stabilizing original customers, and promoted the sustained and rapid growth of lithium battery intelligent equipment business.

Wuxi Lead Intelligent Equipment Co.Ltd(300450) is the world’s leading provider of new energy equipment. Its business covers lithium battery intelligent equipment, photovoltaic intelligent equipment, 3C intelligent equipment, intelligent logistics system, automobile intelligent production line, hydrogen energy equipment, laser precision processing equipment, etc. The company expects a net profit of 1.45 billion yuan to 1.65 billion yuan in 2021, with a year-on-year increase of 88.92% to 114.98%; The net profit after deducting non-profit was 1.405 billion yuan to 1.605 billion yuan, with a year-on-year increase of 99.72% to 128.15%.

The main business of Dingsheng new material is the R & D, production and sales of aluminum sector, strip and foil. The main products are air conditioning foil, single zero foil, double zero foil, aluminum sector and strip, new energy battery foil, etc. the products are used in green packaging, household appliances, lithium batteries, transportation, architectural decoration and other fields. The company expects to achieve a net profit of 410 million yuan to 450 million yuan in 2021 and a loss of 14.9943 million yuan in 2020; The net profit after deducting non-profit is 370 million yuan to 410 million yuan, with a loss of 32.6903 million yuan in 2020.

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