Lithium salt prices are rising, exceeding 400000 yuan / ton. How much will the performance of listed companies be fed back? Today, Sichuan Yahua Industrial Group Co.Ltd(002497) (002497, SZ) an announcement shows the benefits of the company.
Today, Sichuan Yahua Industrial Group Co.Ltd(002497) disclosed last year’s performance express and the performance forecast for the first quarter of this year. Benefiting from the rise of lithium price, Sichuan Yahua Industrial Group Co.Ltd(002497) the net profit in the first quarter of this year increased by 1053.67% ~ 1438.22% year-on-year. The net profit in the first quarter of this year is much higher than that of last year and also exceeds the forecast data of analysts’ Research Report.
Stimulated by profits, relevant listed companies also accelerated the pace of production expansion. Today, Tibet Summit Resources Co.Ltd(600338) (600338, SH) disclosed the progress of cooperation, and the goal is still to increase the amount of lithium in the salt lake.
The net profit in the first quarter increased by more than ten times year-on-year
Today, Sichuan Yahua Industrial Group Co.Ltd(002497) disclosed two performance forecasts, one for the whole year of 2021 and the other for the first quarter of this year. It can be said that one by one “explodes the table”.
Let’s first look at the 2021 performance express. The company’s operating revenue last year was about 5.233 billion yuan, an increase of 60.99% year-on-year; The net profit attributable to the shareholders of the listed company was about 925 million yuan, a year-on-year increase of 185.5%. After deducting non recurring profits and losses, the company’s net profit increased by 202.71% year-on-year.
Sichuan Yahua Industrial Group Co.Ltd(002497) last year’s revenue and net profit increased, which was related to the rise of lithium price. The company said that in terms of lithium business, the company seized the opportunity to fully release production capacity, formulate marketing strategies for the market with strong demand and improve product profit margin.
Sichuan Yahua Industrial Group Co.Ltd(002497) in particular, it was mentioned that the total assets of the company at the end of last year increased by 30.57% year-on-year compared with the beginning of the reporting period, mainly due to the significant increase in operating performance caused by the increase of the company’s income scale. At the same time, in order to ensure the supply and demand of products in the lithium industry, the inventory storage of lithium materials was increased.
Since the third quarter of last year, lithium prices have ushered in the third round of price increases. The reporter interviewed lithium mining enterprises and learned that this year may be the most scarce time for lithium concentrate. Lithium concentrate is the midstream link from raw lithium ore to lithium salt. If there is not enough raw materials, the expansion of lithium salt production will be cooking without rice.
Compared with the annual performance forecast, Sichuan Yahua Industrial Group Co.Ltd(002497) the performance forecast for the first quarter of this year is more eye-catching. The company expects a pre profit of 900 million yuan to 1.2 billion yuan in the first quarter of this year, with a year-on-year increase of 1053.67% ~ 1438.22%. The company said that the sharp increase in performance was due to the simultaneous rise of lithium market volume and price in the first quarter
Image Source: Sichuan Yahua Industrial Group Co.Ltd(002497) announcement screenshot
However, it should be noted that February is not over yet, and there are still three months in the first quarter. Why can Sichuan Yahua Industrial Group Co.Ltd(002497) predict the performance of the first quarter? Today, the reporter called Sichuan Yahua Industrial Group Co.Ltd(002497) . “We usually predict the situation in the first quarter when we arrive at this node.” Sichuan Yahua Industrial Group Co.Ltd(002497) the person concerned said.
It is not difficult to find that the net profit of Sichuan Yahua Industrial Group Co.Ltd(002497) in the first quarter of this year is much higher than that of last year.
Recently, the stock price of Sichuan Yahua Industrial Group Co.Ltd(002497) has a strong trend and has risen by 28.55% since February. Today, Sichuan Yahua Industrial Group Co.Ltd(002497) rose 8.72% and hit the daily limit in the afternoon.
Lithium prices rose and the layout of many listed companies
Sichuan Yahua Industrial Group Co.Ltd(002497) first quarter net profit also exceeded analysts’ estimates. According to the Research Report of Minsheng securities in mid January, the net profit attributable to the parent company in 2022 is expected to be 1.894 billion yuan. The company’s first quarter results announced tonight have reached half of the results predicted by analysts.
Since September last year, the rising momentum of lithium price still shows no sign of slowing down. According to the latest data released by Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) , the quotation of some lithium battery materials continued to rise on February 21, and the metal lithium increased by 280000 yuan / ton to 2.45 million yuan / ton; Battery grade lithium carbonate increased by 9000 yuan / ton, with an average price of 454000 yuan / ton; Lithium hydroxide increased by 8500 yuan / ton to 10000 yuan / ton.
Stimulated by the high prosperity of lithium market, Sinomine Resource Group Co.Ltd(002738) (002738, SZ) also accelerated the pace of mining. Today, Tibet Summit Resources Co.Ltd(600338) has also reached an agreement with Sunresin New Materials Co.Ltd Xi’An(300487) (300487, SZ), and the goal is still to increase the amount of lithium in the salt lake.
Tibet Summit Resources Co.Ltd(600338) announced that in order to realize the development of 50000 tons / year lithium carbonate salt lake lithium extraction construction project of Argentina lithium potassium Co., Ltd., which is indirectly controlled by the company, the company cooperates with PowerChina international in project mining construction design, procurement and construction (EPC), And signed the framework agreement on mine construction design, procurement and construction (EPC) of 50000 ton lithium carbonate salt lake lithium extraction construction project of Argentina lithium potassium Co., Ltd. The company also announced that it plans to sign a supply contract for Lanxiao adsorption equipment with Sunresin New Materials Co.Ltd Xi’An(300487) with a total contract price of 650 million yuan. The company plans to sign a tus BOT contract with tus Qingyuan with a total contract price of 1.6 billion yuan.
