On February 8, in response to the online news that ” Contemporary Amperex Technology Co.Limited(300750) is seeking help from professional institutions in the United States to inquire about the possibility of being sanctioned by the United States” and other relevant information, the reporter of Securities Daily asked Contemporary Amperex Technology Co.Limited(300750) for confirmation at the first time. The company responded: “it is false information about the possibility that Netcom consulting American institutions about sanctions.”
Nevertheless, the share price of Contemporary Amperex Technology Co.Limited(300750) was impacted by the above negative news. Following the sharp decline on February 7, the share price of Contemporary Amperex Technology Co.Limited(300750) continued to weaken in the morning of February 8, falling 9.94% at one time. As of the closing on February 8, Contemporary Amperex Technology Co.Limited(300750) shares closed at 540.86 yuan, down 6.66%, with a turnover of 11.167 billion yuan, a total market value of 1.26 trillion yuan, and a single day market value evaporation of about 90 billion yuan.
According to public information, Contemporary Amperex Technology Co.Limited(300750) landed in the A-share market on June 11, 2018, with an issue price of 25.14 yuan / share and an opening price of 30.05 yuan / share on the first day of listing. On December 3, 2021, the share price soared to 692 yuan / share. If calculated by the opening price on the first day of listing, its share price has soared by 2203% in more than three years, and the market value of the company once exceeded 1.6 trillion yuan, becoming the largest heavyweight stock on the gem.
In the ranking of global power battery loading volume, Contemporary Amperex Technology Co.Limited(300750) has ranked first for five consecutive years.
In January this year, Contemporary Amperex Technology Co.Limited(300750) released a performance forecast. It is expected that the net profit attributable to shareholders of listed companies will range from 14 billion yuan to 16.5 billion yuan in 2021, with a year-on-year increase range of 150.75% to 195.52%, which is the best profit level since the establishment of the company.
For the reasons for performance growth, Contemporary Amperex Technology Co.Limited(300750) believes that there are three main aspects. First, the market penetration of new energy vehicles and energy storage increased in 2021, driving the growth of battery sales; Second, the company made progress in market development, released new production capacity and increased production and sales accordingly; Third, the company strengthened cost control and reduced the proportion of expenses in revenue.
Surprisingly, the bright performance is not in exchange for the rise of share price, but an accelerated decline. Over the past two months, the stock price of Contemporary Amperex Technology Co.Limited(300750) has fluctuated and fell, with a cumulative decline of more than 23%, and the market value has evaporated nearly 400 billion yuan.
Some analysts said that in terms of current market share, installed capacity and profits, Contemporary Amperex Technology Co.Limited(300750) although it took the lead, under the background of the excellent sales situation of new energy vehicles, more and more competitors began to enter the market and participate in the division of market share.
On January 27, Contemporary Amperex Technology Co.Limited(300750) ‘s “old enemy” LG new energy was listed on the Korean stock exchange. After the opening, the share price once rose 99%. Before that, Quan yingshou, CEO of LG new energy, said bluntly: “we expect the company’s global market share to exceed Contemporary Amperex Technology Co.Limited(300750) , becoming the first in the world.”
In addition, Contemporary Amperex Technology Co.Limited(300750) will also be squeezed by Chinese competitors such as Gotion High-Tech Co.Ltd(002074) and AVIC lithium battery. Statistics show that in the first 11 months of 2021, Gotion High-Tech Co.Ltd(002074) global power battery installed capacity reached 5.3gwh, with a market share of 2.1% and a year-on-year increase of 167.4%. In the same period, the global power battery installed capacity of AVIC lithium battery reached 6.8gwh, with a market share of 2.7%, a year-on-year increase of 155.2%.
In addition, vehicle manufacturers have gradually realized the importance of power batteries. From Byd Company Limited(002594) power battery business to Great Wall Motor Company Limited(601633) cultivating honeycomb energy, more and more vehicle manufacturers have begun to cultivate or bind their own power battery manufacturers. Among them, Byd Company Limited(002594) under the background that blade batteries are not supplied to other vehicle manufacturers for the time being, the market share of China in 2021 has reached 16.2%.
“Although Contemporary Amperex Technology Co.Limited(300750) still maintains a leading position in the industry, the blade battery of Byd Company Limited(002594) , the four element battery of Korean series and Tesla‘s self-produced battery plan have made Contemporary Amperex Technology Co.Limited(300750) fully feel the urgency of ‘wolf coming’.” New battery technology innovation alliance Yu qingjiao told the reporter of Securities Daily.
