Recently, due to the sharp rise in the prices of raw materials such as nickel, cobalt and lithium, the recycling price of power batteries has also soared.
demand for new energy vehicles soared
the price of raw materials increased sharply
With the continuous improvement of the sales volume and penetration rate of new energy vehicles, it is estimated that the recycling demand of power batteries is becoming stronger and stronger based on the decommissioning cycle of 4-6 years. According to the data of China Automobile Industry Association, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in 2021 was 3.521 million, a year-on-year increase of nearly 1.6 times, ranking first in the world for seven consecutive years.
New energy vehicles are driven by power batteries. Driven by the improvement of industry prosperity, the installed capacity of power batteries shows a rapid growth. The price of valuable metals such as nickel, manganese, cobalt and lithium, the raw materials of power batteries, has been rising, especially lithium carbonate, which has increased from more than 50000 yuan per ton to about 430000 yuan in a year, an increase of more than 7 times, and nickel and cobalt have also increased by more than 60%. the rise in the price of raw materials has directly led to the soaring price of power battery recycling.
According to China Central Television finance and economics, some waste battery suppliers reported that the recovery price of power battery has risen too fast and exceeded expectations. In this case, recycling enterprises increase the price, for fear that the price will rise again if they buy it late.
According to national regulations, when the power battery capacity decays to less than 80% of the rated capacity, it faces retirement and forced recycling. According to the research report released on February 22, lithium battery recycling is mainly composed of power battery recycling, 3C battery recycling and energy storage battery recycling, of which power battery recycling is the main focus and occupies most of the market space.
the net profit of 11 power battery recycling concept stocks is expected to double
According to the statistics of securities times · databao, there are 27 concept stocks involving power battery recovery in a shares. As of the closing on February 23, the total market value of concept stocks A shares was 2.22 trillion, which was equivalent to that of the petroleum and petrochemical industry.
Contemporary Amperex Technology Co.Limited(300750) said on the interactive platform on February 15 that the company invested in Guangdong Bangpu, China’s leading power battery recycling enterprise, to layout the battery recycling business.
Shandong Sacred Sun Power Sources Co.Ltd(002580) on February 11, it was mentioned on the interactive platform that the company has the qualification to carry out waste acid battery recycling business. At present, the company has established joint ventures in more than a dozen provinces such as Beijing, Yunnan, Sichuan, Guizhou and Guangdong, gradually established the service network layout in all provinces and cities across the country, and has the service response ability in all regions of the country.
Miracle Automation Engineering Co.Ltd(002009) responded on the interactive platform on February 14 that the company has signed a cooperation framework agreement with FAW Asset Management Co., Ltd., a wholly-owned subsidiary of China FAW Group Co., Ltd., and the two sides will jointly establish a power battery recycling system, jointly build a power battery recycling platform and strengthen the traceability management of power batteries, Build a shared recycling service network.
Since February, these concept stocks have increased by an average of 9.54%, surpassing the Shanghai index in the same period. Jinyuan Ep Co.Ltd(000546) , Anhui Chaoyue Environmental Protection Technology Co.Ltd(301049) , Miracle Automation Engineering Co.Ltd(002009) , Guangdong Highsun Group Co.Ltd(000861) , Zhejiang Huayou Cobalt Co.Ltd(603799) ranked among the top five. According to the rough calculation of the average transaction price in the range, there are three shares with an increase of more than 100 million yuan, namely Ningbo Shanshan Co.Ltd(600884) , Gem Co.Ltd(002340) , Cngr Advanced Material Co.Ltd(300919) .
Judging from the latest performance express and the lower limit of predicted net profit, 11 shares are expected to double their net profit in 2021. The highest increase is Ningbo Shanshan Co.Ltd(600884) . The company expects the net profit to be 3.19 billion yuan in 2021, an increase of 21.46 times to 23.56 times year-on-year. There are also Guangdong Dowstone Technology Co.Ltd(300409) , Sinochem International Corporation(600500) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Jiangsu Baichuan High-Tech New Materials Co.Ltd(002455) , Tianqi Lithium Corporation(002466) and so on.
