Today (February 17), lithium battery track stocks collectively strengthened, with salt lake lithium, lithium battery, cobalt and other sectors leading the rise. The phosphorus chemical industry sector, which is also an upstream industrial chain, also rose sharply. As of the closing, the sector index rose by more than 3%. In terms of individual stocks, Henan Qingshuiyuan Technology Co.Ltd(300437) , Yunnan Yuntianhua Co.Ltd(600096) rose by the limit, Hubei Yihua Chemical Industry Co.Ltd(000422) was close to the limit, Hubei Xingfa Chemicals Group Co.Ltd(600141) , Stanley Agriculture Group Co.Ltd(002588) rose by more than 6%, and Kunming Chuan Jin Nuo Chemical Co.Ltd(300505) , Sichuan Development Lomon Co.Ltd(002312) , Yangzhou Chenhua New Material Co.Ltd(300610) and other stocks rose first.
the new energy industry chain resonates, benefiting from the transformation of phosphorus chemical stocks
The rapid development of the new energy industry in recent years has driven the rapid growth of the lithium battery industry chain. According to the China automotive power battery industry innovation alliance, in January 2022, China Shipbuilding Industry Group Power Co.Ltd(600482) battery loading volume totaled 16.2gwh, with a year-on-year increase of 86.9% and a month-on-month decrease of 38.3%, realizing a significant year-on-year increase. Huabao Securities pointed out that with the continuous recovery of class A and considering the cost, some car enterprises gradually issue lithium iron phosphate models, and the market share of lithium iron phosphate batteries has been further stabilized. With the gradual matching of lithium iron phosphate for the basic models of most popular models, the market shows a momentum of rapid growth and development.
The strong demand for lithium battery terminals has ushered in a high momentum in the upper reaches of the industrial chain. The price of lithium as a resource side has continued to strengthen. According to the data on Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) February 16, the average price of battery grade lithium carbonate has increased to 430000 yuan / ton. In addition, the prices of lithium hydroxide, electrolytic cobalt, cobalt sulfate, cobalt chloride and other products have increased to varying degrees. Due to the resonance of the high-profile industrial chain, the phosphorus chemical industry has also been boosted. The explosion of demand for lithium iron phosphate has also become an important opportunity for the transformation of phosphorus chemical enterprises. At present, many chemical leaders continue to promote projects related to the new energy industry.
Recently, phosphorus chemical leader Yunnan Yuntianhua Co.Ltd(600096) announced that it had signed a cooperation agreement with Yunnan Energy New Material Co.Ltd(002812) , Eve Energy Co.Ltd(300014) and Huayou holdings on the whole industry chain project of new energy batteries, and agreed to jointly establish two joint ventures in Yuxi City to jointly develop, produce and sell new energy batteries and upstream and downstream materials of new energy batteries, so as to promote the construction of the industry chain of new energy batteries. Boosted by this, Yunnan Yuntianhua Co.Ltd(600096) raised the daily limit today, and the share price set a new high this year. Everbright Securities Company Limited(601788) pointed out that in the process of participating in the above projects, the company is expected to give full play to and make use of its phosphorus resources and many years of production and operation experience in the phosphorus chemical industry, improve the overall construction efficiency and operation quality of the project, and promote the win-win cooperation of all partners.
corporate profits have entered the growth track, and the phosphorus chemical industry sector has strengthened recently
Since the beginning of this year, the phosphorus chemical industry sector has fallen along with the new energy industry chain as a whole. Until the Spring Festival, the sector began to repair gradually. As of the close of today (February 17), the phosphorus chemical industry sector index has increased by nearly 12.7%, basically repairing the decline in January. In terms of individual stocks, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) rose nearly 54% this month, Hubei Yihua Chemical Industry Co.Ltd(000422) , Yunnan Yuntianhua Co.Ltd(600096) , Hubei Xingfa Chemicals Group Co.Ltd(600141) , Kunming Chuan Jin Nuo Chemical Co.Ltd(300505) , Henan Qingshuiyuan Technology Co.Ltd(300437) rose more than 20%, more than 10 stocks such as Zhejiang Xinan Chemical Indusyrial Group Co.Ltd(600596) , Chengdu Wintrue Holding Co.Ltd(002539) rose more than 10%, and other individual stocks also rose in a large area.
In terms of performance, the predicted performance of phosphorus chemical enterprises generally increased significantly in 2021, and the net profit attributable to the parent of the leading stock Yunnan Yuntianhua Co.Ltd(600096) is expected to increase by 11.86 to 12.6 times year-on-year, which is mainly due to the rise in the price of the company's chemical products. At the same time, the results of the company's transformation and upgrading to non fertilizer businesses such as fine phosphorus chemical industry and fluorine chemical industry are gradually emerging. In addition, the net profit attributable to the parent company of Hubei Xingfa Chemicals Group Co.Ltd(600141) is expected to increase by nearly 6 times year-on-year, and the performance of Kunming Chuan Jin Nuo Chemical Co.Ltd(300505) is also expected to increase by nearly 3 times year-on-year.
Huaxin Securities pointed out that "carbon neutralization" and "carbon peak" will become one of the most important tasks for China's development for a long time in the future. the investment opportunities for new chemical materials in the future mainly come from the continuous mismatch between the continuous growth demand brought by new energy and the limited supply brought by the upgrading of industrial structure , focusing on the incremental demand driven by new energy, At the same time, phosphorus chemical industry, fluorine chemical industry, lithium salt, rare earth and other links with limited supply end are recommended.
Among them, in terms of phosphorus chemical industry, Huaxin Securities believes that the new capacity of iron phosphate mainly comes from the capacity replacement of traditional phosphorus chemical industry, and is optimistic about the high added value brought by the new demand. At the same time, due to its resource attribute and the limitation of determining the production by slag, the supply of phosphorus ore is rigid, and the incremental demand for new energy is expected to change the supply and demand pattern of phosphorus ore, resulting in the revaluation of the value of enterprises with phosphorus ore resources.
In terms of core benefit targets, Sealand Securities Co.Ltd(000750) pointed out that in the first half of 2022, Xinyangfeng Agricultural Technology Co.Ltd(000902) and Guizhou Chanhen Chemical Corporation(002895) iron phosphate will be put into operation, and the phosphorus chemical industry chain is still in the transition period from traditional fertilizer industry to new energy materials. Phosphorus chemical enterprises with industrial chain integration and fast transformation speed are recommended, including Xinyangfeng Agricultural Technology Co.Ltd(000902) , Guizhou Chanhen Chemical Corporation(002895) , Chengdu Wintrue Holding Co.Ltd(002539) , Yunnan Yuntianhua Co.Ltd(600096) , Hubei Xingfa Chemicals Group Co.Ltd(600141) , Shenzhen Batian Ecotypic Engineering Co.Ltd(002170) , Hubei Yihua Chemical Industry Co.Ltd(000422) , Shanghai Zhongyida Co.Ltd(600610) and other enterprises.
