New energy circuit ushered in three big news!
On January 27, the performance of the global lithium battery leader Contemporary Amperex Technology Co.Limited(300750) increased by nearly 200%, far exceeding market expectations; Renault, Nissan and Mitsubishi have formed an alliance and plan to invest 163.3 billion yuan to develop electric vehicles.
Tesla, the global electric vehicle giant, has made a breakthrough in performance. Its revenue, net profit and gross profit of automobile sales in the fourth quarter of 2021 all set a new record. In 2021, Tesla achieved a net profit of US $5.519 billion (about RMB 34.883 billion, compared with nearly 100 million a day).
Can the market of trillion new energy sector be rekindled?
Contemporary Amperex Technology Co.Limited(300750) performance soared, far exceeding the institutional forecast
On January 27, the global lithium battery “overlord” Contemporary Amperex Technology Co.Limited(300750) disclosed the performance forecast. It is estimated that the net profit in 2021 will be 14-16.5 billion yuan, with a year-on-year increase of 150.75% – 195.52%. It is worth mentioning that the net profit of Contemporary Amperex Technology Co.Limited(300750) has set a new record for three consecutive years since 2019.
This performance far exceeded market expectations. In the past 180 days, more than 40 research institutions have predicted the annual performance of Contemporary Amperex Technology Co.Limited(300750) 2021, and the average expected net profit attributable to parent company is 11.2 billion yuan.
According to the previously disclosed financial report, Contemporary Amperex Technology Co.Limited(300750) the net profit in the first three quarters of 2021 was 7.751 billion yuan. According to this calculation, the net profit of Contemporary Amperex Technology Co.Limited(300750) in the fourth quarter of 2021 was between 6.249 billion yuan and 8.749 billion yuan, setting a new high of single quarter profit, with a month on month increase of 91% – 168% compared with the third quarter of 2021 (3.267 billion yuan) and a year-on-year increase of 158% – 261% compared with the fourth quarter of 2020 (2.422 billion yuan).
For the reasons for the significant increase in performance, Contemporary Amperex Technology Co.Limited(300750) is explained as:
1. In 2021, the market penetration of new energy vehicles and energy storage increased, driving the growth of battery sales;
2. The company has made progress in market development, released new production capacity and increased production and sales accordingly;
3. The company strengthened cost control and reduced the proportion of expenses in revenue.
Recently, Citic Securities Company Limited(600030) released a research report and raised the profit forecast of Contemporary Amperex Technology Co.Limited(300750) . Citic Securities Company Limited(600030) pointed out that considering the relatively certain trend of global automobile electrification, the continuous shortage of high-end power batteries, the imminent outbreak of the global energy storage market and the huge market space brought by energy reform, Contemporary Amperex Technology Co.Limited(300750) as the leader of energy reform, is expected to fully enjoy the development opportunities of the industry. The company’s power battery business is in a high-speed growth period, and the energy storage business will gradually enter the growth period from the introduction period, with high growth certainty and medium and long-term investment value. Raise the company’s net profit forecast for 2022 and 2023 to 23.6 billion yuan and 33.3 billion yuan (the original forecast was 19.6 billion yuan and 27 billion yuan).
netizen: the performance is too cow. Ning Wang came to save the market?
Contemporary Amperex Technology Co.Limited(300750) This “burst” performance forecast has enabled many netizens to regain their confidence in the new energy sector. Some netizens commented that ningwang’s performance is too cow; Another netizen said, “ningwang is ningwang, and the rise in the price of raw materials will not affect the profitability at all. Is ningwang stable tomorrow? Is lithium battery stable? Can the market be stable?” More netizens said bluntly: “King Ning has come to rescue the market.”
Recently, Contemporary Amperex Technology Co.Limited(300750) entered the electric vehicle power exchange market, which also attracted the attention of the capital market. On January 18, Contemporary Amperex Technology Co.Limited(300750) released its power exchange service brand evogo Le hang power exchange and the overall solution of combined power exchange. The launch of the service means that the previous mode of each vehicle equipped with a battery will be changed, and it will also bring incremental market to the power battery.
Tianfeng Securities Co.Ltd(601162) said that the price rise of upstream materials in the new energy battery industry has led to an increase in the cost of power batteries; The downstream new energy vehicle consumption is strong, and the price of the whole vehicle has begun to rise, and the power battery may be at a favorable price to the downstream; Contemporary Amperex Technology Co.Limited(300750) power battery may usher in a new incremental market after entering the Bureau for power replacement; Therefore, new energy batteries may usher in a new round of price rise.
It is worth noting that Contemporary Amperex Technology Co.Limited(300750) has occupied the first position in the world in terms of battery installed capacity for many consecutive years. According to the data released by SNE research, a Korean market research organization, in the global power battery industry, from January to November 2021, Contemporary Amperex Technology Co.Limited(300750) ranked first in the world with a market share of 31.8%. In addition, according to the data of China automotive power battery industry innovation alliance, the cumulative loading volume of China Shipbuilding Industry Group Power Co.Ltd(600482) batteries in 2021 was 154.5gwh, a year-on-year increase of 142.8%. Among them, Contemporary Amperex Technology Co.Limited(300750) loading volume is as high as 80.51gwh, with a market share of 52.1%.
Since 2021, Contemporary Amperex Technology Co.Limited(300750) has locked in several long orders, including winning Tesla‘s four-year order, signing a 10-year long-term strategic cooperation agreement with Great Wall Motor Company Limited(601633) , winning Mercedes Benz’s seven-year commercial vehicle order, and increasing the supply of Volkswagen, Hyundai, Rolls Royce, etc.
the three auto enterprises have formed an alliance and plan to invest 160 billion yuan to develop electric vehicles
On January 27, in addition to Contemporary Amperex Technology Co.Limited(300750) , two major events took place in the new energy vehicle industry: one is the alliance between Renault, Nissan and Mitsubishi, which plans to invest 23 billion euros (about 163.3 billion yuan) to develop electric vehicles; The other is the performance explosion of Tesla, the global electric vehicle giant.
According to Bloomberg, the Renault Nissan Mitsubishi alliance will invest an additional 23 billion euros in electrification in the next five years and produce 35 electric vehicles by 2030 to cope with the competitive pressure of the industry and meet the market demand.
The goal of the three companies is to increase the utilization rate of common platform in their 90 models from 60% to 80% in 2026. In addition, Nissan will lead the development of all solid state battery technology. Renault will lead the development of GE’s centralized electrical and electronic architecture and launch the first fully software defined vehicle by 2025.
Previously, the alliance has invested 10 billion euros (about 71 billion yuan) in electrification, and has developed and partially deployed four common platforms. The fifth platform developed for Renault compact electric vehicle will be officially launched in 2025.
The three auto companies will also jointly invest in expanding battery capacity. It is planned that the total battery capacity in France, the UK, China and Japan will reach 220gwh by 2030 to meet the needs of the three electric vehicles.
earn 100 million a day! Tesla makes crazy
On the 27th day, Tesla, a customer of “ningwang”, disclosed a strong financial report, which also attracted the attention of the market. In the fourth quarter of 2021, Tesla’s revenue was US $17.72 billion, with a year-on-year increase of 65%, and its net profit reached US $2.3 billion, with a year-on-year increase of 760%. The revenue and net profit of a single quarter once again set a record high, and achieved profits for the 10th consecutive quarter; Tesla’s gross profit margin on sales reached 30.6%, also hitting a record high.
In 2021, Tesla achieved revenue of USD 53.823 billion, compared with USD 31.536 billion in the same period of last year, with a year-on-year increase of 71%; The net profit was US $5.519 billion (about RMB 34.883 billion, compared with nearly 100 million a day), US $721 million in the same period of last year, a year-on-year increase of 665%. Throughout the year, Tesla delivered 936200 vehicles, a year-on-year increase of 87%. Musk said that Tesla’s delivery volume will easily increase by more than 50% in 2022.
it is worth noting that Tesla’s share price fell 11.55% on the 27th, and the market value evaporated $108.8 billion, or about 690 billion yuan. The market may worry about Tesla’s production capacity. In the financial report, Tesla predicted that the supply chain problems will continue throughout 2022 and limit the production of electric vehicles. Musk also wrote on his Twitter: “Oh, man, this year is a supply chain, a nightmare, it’s not over yet!”
Tesla said that 2021 was a breakthrough year for Tesla. People should no longer doubt the market feasibility and profitability of electric vehicles. According to the latest data, Tesla’s delivery volume increased by 87% in all mass production in 2021.
At the Tesla earnings conference call, musk revealed that Tesla is producing model y equipped with 4680 batteries at its Austin factory, and the first batch of vehicles equipped with 4680 battery packs are likely to start delivery at the end of this quarter. In addition, musk also talked about the progress of Tesla’s energy business and energy products, saying that Tesla will use iron-based batteries in its energy storage products. All fixed storage will shift to iron based or non nickel based storage systems.
China Shanxi Guoxin Energy Corporation Limited(600617) continuous favorable policies for the automotive industry
From the perspective of China, the recent favorable policies for the new energy vehicle industry have continued.
On January 18, seven departments including the national development and Reform Commission and the Ministry of industry and information technology issued the implementation plan for promoting green consumption, proposing to vigorously promote new energy vehicles, gradually eliminate the purchase restrictions of new energy vehicles in various regions, and strengthen the construction of supporting infrastructure such as charging and changing electricity, new energy storage and hydrogenation. We will promote the pilot work on the application of new energy vehicle power exchange mode, carry out in-depth rural activities of new energy vehicles, and encourage automobile enterprises to develop and promote new energy vehicles that are suitable for the travel needs of rural residents, high quality, low price, advanced and applicable.
On January 21, ten departments including the national development and Reform Commission and the National Energy Administration recently issued the implementation opinions on further improving the service guarantee capacity of electric vehicle charging infrastructure. It is clear that by the end of the 14th five year plan, China’s electric vehicle charging guarantee capacity will be further improved to form a moderately advanced, balanced, intelligent and efficient charging infrastructure system, It can meet the charging demand of more than 20 million electric vehicles.
On the afternoon of January 24, the State Council officially issued the comprehensive work plan for energy conservation and emission reduction in the 14th five year plan, which stipulates that by 2025, the sales of new energy vehicles will reach about 20% of the total sales of new vehicles; By 2025, the proportion of non fossil energy in total energy consumption will reach about 20%.
According to the prediction of China Automobile Association, the total sales volume of China’s automobile market may reach about 27.5 million in 2022, with a year-on-year increase of 5%. Assuming an average annual growth rate of 5% from 2023 to 2025, the total sales volume of China’s automobile market will reach about 31.83 million by 2025. Based on the calculation of 20%, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) new cars will reach 6.37 million by 2025, with a potential growth rate of 81% compared with the sales volume of 3.52 million in 2021.
Shi Cheng, fund manager of SDIC UBS, believes that lithium is still the golden track of new energy investment. In the next few years, if the new energy vehicle industry wants to achieve more than 20% growth, the growth rate of China’s resources will be higher than that of the industry, and the growth rate of lithium will also take the lead in the new energy track.
Ping An Securities said that with the strengthening of the policy side and the car enterprise side, the penetration of new energy vehicles in the global market is ushering in a new round of acceleration, and the industry boom is rising. It is suggested to pay attention to the main line of new forces represented by Tesla and the catch-up process of new models such as Volkswagen. Huachuang Securities pointed out that new energy vehicles are the only way to achieve carbon neutrality in the field of road transportation. It is suggested to pay attention to the stable leaders with global competitiveness in various sub sectors, as well as the second-line lithium battery enterprises of deep ploughing power and energy storage batteries.
Better than expected! Net income of at least 14 billion! The profit of “ningwang” in the fourth quarter of last year was equal to the sum of the first three quarters!
Tesla released strong earnings, but warned that supply chain problems will continue until 2022
