After the share price fell by more than 15% last week, since this week, Contemporary Amperex Technology Co.Limited(300750) has continuously released positive news. On February 15, Contemporary Amperex Technology Co.Limited(300750) released an announcement on the record of investor activities, which involved the “hot 20 questions” focused by the public on the company. The announcement shows that among the more than 50 investors participating in the event, including many well-known institutions such as Hillhouse capital, Sequoia Capital, Tencent investment and Temasek, Contemporary Amperex Technology Co.Limited(300750) chairman Zeng Yuqun participated in the reception.
After the above-mentioned activities on Tuesday, relevant minutes suspected of this investor activity have flowed out on the Internet, covering core issues such as concerns about US sanctions and rising raw material prices.
“In the process of battery production, the company does not use technologies, materials or equipment directly related to the United States. Some chips on BMS come from the United States and are now being localized.” Contemporary Amperex Technology Co.Limited(300750) said in the latest announcement.
An insider told the reporter of Securities Daily that the answers of Contemporary Amperex Technology Co.Limited(300750) to relevant questions were interpreted as good news by the market.
In this regard, the share price of Contemporary Amperex Technology Co.Limited(300750) also responded positively. As of the closing on February 16, Contemporary Amperex Technology Co.Limited(300750) shares closed at 530.8 yuan / share, up 0.72% on the same day. So far, the share price of Contemporary Amperex Technology Co.Limited(300750) has been popular for three consecutive days this week, with a cumulative rise of 8.14%.
deal with the price increase of upstream materials
four ways to ensure resource supply
Many focus issues fed back by investors focus on the guarantee of Contemporary Amperex Technology Co.Limited(300750) upstream raw material supply.
With regard to the layout and control of upstream lithium resources, Contemporary Amperex Technology Co.Limited(300750) said in the announcement that the company ensures the supply of lithium resources through long-term cooperation, investment cooperation, recycling and self mining. Among them, in terms of recovery, the lithium recovery rate of the company has exceeded 90%; In terms of mining, the company has invested in lithium resources in Yichun and other places and mined lithium ore by itself.
On the morning of February 14, Contemporary Amperex Technology Co.Limited(300750) official wechat released news that recently, Sichuan times resources signed a joint venture agreement with Ganzi investment group, Yibin Sanjiang Huida company and Sichuan Tianfu Mining Company in Chengdu, which will accelerate the exploration and development of lithium resources in Sichuan Province, increase the supply of lithium resources and promote the coordinated development of the whole industrial chain of new energy.
After inquiring about the app information of tianyancha, the reporter learned that up to now, Contemporary Amperex Technology Co.Limited(300750) has invested and established Yichun times new energy resources Co., Ltd. and Sichuan times new energy resources Co., Ltd., which were established on November 23, 2021 and January 13, 2022 respectively. Industrial and commercial information shows that the business scope of the two companies involves beneficiation, washing and processing, ore sales, etc., with a registered capital of 1 billion yuan.
“Mining is not the advantage of Contemporary Amperex Technology Co.Limited(300750) . Working with mining enterprises can maximize benefits.” Xu Qiyong, chief analyst of Huaan Securities Co.Ltd(600909) new metal materials, told the Securities Daily that since last year, due to the strong downstream demand and other factors, the competition for lithium resources has continued to heat up. Contemporary Amperex Technology Co.Limited(300750) this time, lithium resources are deployed again in the hope of gaining a leading position in the upstream supply chain.
According to the data of business agency, the price of lithium carbonate increased by 432% in 2021, ranking the first in the increase of all bulk commodities. On February 16, Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) released data that showed that the price of battery grade lithium carbonate increased by 8500 yuan / ton compared with the previous working day, and the offer price reached 460000 yuan / ton; The price of battery grade lithium hydroxide (coarse particles) increased by 12500 yuan / ton compared with the previous working day. It can be seen that the market is obviously bullish on the price of lithium carbonate.
“At present, the new energy industry is changing, especially in the power battery industry. The upstream resource guarantee has become the key to the survival and development of battery manufacturers.” Xu Qiyong told the reporter of Securities Daily that lithium resources continue to be in a tight supply state. Mastering the core resources such as upstream lithium mines is very important for the sustainable operation and profit space of battery manufacturers. From the current situation, there is still room for the price of lithium and other new energy minerals to rise.
Contemporary Amperex Technology Co.Limited(300750) said that the short-term rise in the cost of raw materials such as lithium carbonate has a certain impact on the company’s profits, but it can be hedged in a variety of ways; With regard to the rise in the price of raw materials such as copper and aluminum, the company can significantly reduce the use through new technologies.
responding to downstream market demand
plans to strengthen the layout of overseas bases
The possibility of building factories in the United States is also another hot topic of concern.
Contemporary Amperex Technology Co.Limited(300750) said in the announcement that the company had more interaction with American customers. The two sides discussed various possible supply and cooperation schemes and the possibility of localized production. By the end of 2021, Contemporary Amperex Technology Co.Limited(300750) has accumulated ten production bases. In the future, it is planned to strengthen the layout of overseas bases and improve the system construction, including overseas staff training. However, the company’s growth rate, organizational ability and personnel internationalization ability will be the biggest challenges facing the company.
The company has also discussed with American energy storage customers. Customers want the company to provide localized supply, and also comprehensively consider the production capacity, customer demand, production cost and other factors of power battery.
According to the “investor activity minutes” circulated in the market, ( Contemporary Amperex Technology Co.Limited(300750) ) is talking about cooperation with American car companies and energy storage customers. It is ideal to build factories in Mexico or Canada; However, there are still some difficulties in how to move China’s high-efficiency and high-quality manufacturing capacity overseas.
In view of the expansion of production and price war of other manufacturers, Contemporary Amperex Technology Co.Limited(300750) believes that “the expansion of production by friendly manufacturers does not mean that competition will increase. Only products with innovative material system and structural system are worthy of competition.”
“There will be other players who rely on the price to grab the market, but the cost of Contemporary Amperex Technology Co.Limited(300750) must be the lowest and the supply reliability is the highest. The company believes that original equipment manufacturers should not bear the risk of supply chain fluctuation for a little discount when making the electrification transformation strategy. For car enterprises with sales of more than 1 million vehicles, it is a normal choice to introduce multiple suppliers.” “Minutes of investor activities” said so.
