the Sichuan Yahua Industrial Group Co.Ltd(002497) with brilliant performance in the first quarter is becoming a favorite in the secondary market.
On February 24, Sichuan Yahua Industrial Group Co.Ltd(002497) announced the change of share price. The company’s share price deviated from the closing price for three consecutive trading days from February 21 to 23 by more than 20%.
During the session, Sichuan Yahua Industrial Group Co.Ltd(002497) hit a nearly 60 day high of 35.87 yuan / share, then fell violently, and finally closed at 35.19 yuan / share, down 1.54%, with a total market value of 40.56 billion yuan
closing two trading limits in a row
Recently, Sichuan Yahua Industrial Group Co.Ltd(002497) has been highly sought after in the secondary market.
From February 22 to 23, Sichuan Yahua Industrial Group Co.Ltd(002497) closed two limit sectors in a row. Since the opening of the market in the year of the tiger, its share price rose from 23.48 yuan / share to 35.73 yuan / share on February 23, up 52.17%.
In terms of news, Sichuan Yahua Industrial Group Co.Ltd(002497) just disclosed the performance express on the 22nd. In 2021, the company achieved a revenue of 5.233 billion yuan, a year-on-year increase of 60.99%, a net profit attributable to the parent company of 925 million yuan, a year-on-year increase of 185.5%, and a non net profit of 905 million yuan, a year-on-year increase of 202.71%. For the significant increase in performance, Sichuan Yahua Industrial Group Co.Ltd(002497) said that the prosperity of the lithium industry continued to improve in 2021, new energy vehicles developed rapidly, the demand for lithium products continued to grow, and the price of lithium salt continued to rise and hit a record high. The company gave full play to its own advantages and developed the dual main industries of civil explosion and lithium industry, with obvious growth trend of lithium business.
It should be noted that, based on the above data, the net profit of Sichuan Yahua Industrial Group Co.Ltd(002497) in the fourth quarter of last year was 293 million yuan, down 2.98% from 302 million yuan in the third quarter. In this regard, Sichuan Yahua Industrial Group Co.Ltd(002497) the relevant person in charge said in an interview with the reporter of the international finance news, “as the formal periodic report has not been disclosed yet, further analysis will be made at that time.”
Although the net profit of Sichuan Yahua Industrial Group Co.Ltd(002497) doubled last year, what really ignited the enthusiasm of investors was its profit in the first quarter of this year. On February 22, Sichuan Yahua Industrial Group Co.Ltd(002497) announced that the net profit attributable to the parent company is expected to reach 900 million yuan to 1.2 billion yuan in the first quarter of 2022, with a year-on-year increase of 1053.67% to 1438.22%, deducting 894 million yuan to 1.194 billion yuan of non net profit. This means that the net profit of Sichuan Yahua Industrial Group Co.Ltd(002497) in the first quarter of this year may exceed that of 2021.
Sichuan Yahua Industrial Group Co.Ltd(002497) said that in the first quarter of this year, the company’s civil explosive business continued to make progress while maintaining stability and its performance increased steadily; The demand of lithium industry continues to rise, and the price of lithium salt products continues to rise. The company seizes the opportunity to release production capacity and increase sales. The sales volume of lithium salt products has gradually increased, and the profit of lithium business has increased significantly. The above-mentioned person told the reporter of the international finance news, “the whole lithium industry will be in recession in 2019 and 2020, and the relevant businesses of the company are also on the edge of profit and loss balance. By the end of 2020, the price of lithium carbonate will begin to rise, the industry will reverse, and the profits will naturally increase.”
Sichuan Yahua Industrial Group Co.Ltd(002497) was founded in 1952 and landed on the small and medium-sized board in November 2010. It is located in Chengdu, Sichuan. There are two main industries: lithium industry and civil explosion. According to choice data, as of February 10 this year, Sichuan Yahua Industrial Group Co.Ltd(002497) the total number of shareholders was 163000.
hot money is buying
The Sichuan Yahua Industrial Group Co.Ltd(002497) of the two boards is inseparable from the fuel of hot money.
According to the data of the dragon and tiger list on February 23, the commonly used seats of the well-known hot money chapter alliance leader Guotai Junan Securities Co.Ltd(601211) Shanghai Jiangsu Road ranked first in Sichuan Yahua Industrial Group Co.Ltd(002497) , with a purchase amount of up to 295 million yuan. Caitong Securities Co.Ltd(601108) Shaoxing Jiefang Avenue, Guotai Junan Securities Co.Ltd(601211) Shanghai branch and Debon securities Hangzhou Feiyunjiang road ranked third, fourth and fifth in the list, with 108 million yuan, 84.302 million yuan and 79.0752 million yuan respectively.
On the other hand, in terms of institutions, there was a massive withdrawal. Three special seats for institutions occupied the top three sellers, with a total sales amount of 235 million yuan. According to choice data, by the end of 2021, 28 institutions held positions Sichuan Yahua Industrial Group Co.Ltd(002497) , holding a total of 70847900 shares, while 163 institutions held 237 million shares by the end of June 2021.
The benefits released by Sichuan Yahua Industrial Group Co.Ltd(002497) are not only in terms of performance. According to its announcement on February 17, Australian core company has started mining construction as planned and is expected to provide lithium concentrate for the company in the fourth quarter of this year according to the agreement. On February 16, the wholly-owned subsidiary Yahua international signed a supplementary agreement with the development of lithium industry, an all funded subsidiary of Australian core company.
As early as March 2019, Yahua international signed the off purchase agreement on lithium concentrate with lithium industry development. The two sides agreed that Yahua international would purchase at least 300000 dry tons of lithium oxide concentrate from lithium industry development. After the lithium deposit was put into operation, Yahua international would purchase at least 75000 dry tons of lithium oxide concentrate every year (floating up and down no more than 10%).
Minsheng securities research report said that in 2021 Sichuan Yahua Industrial Group Co.Ltd(002497) has 43000 tons of lithium salt production capacity, including 33000 tons of lithium hydroxide production capacity, 50000 tons of battery grade lithium hydroxide in phase II of Ya’an lithium industry (of which 30000 tons of battery grade lithium hydroxide production line will be completed and put into operation by the end of 2022), and 11000 tons of lithium chloride and its products projects have been started, By 2025, the company’s comprehensive capacity of lithium salt products will reach more than 100000 tons. On the client side, it has been successfully embedded in global high-quality supply chains such as Tesla, Panasonic and LG, reflecting the leading product quality of the company. With the continuous volume of overseas high nickel models, the company’s performance will be released rapidly.
shareholder retirement
From a longer perspective, Sichuan Yahua Industrial Group Co.Ltd(002497) is not stable in terms of performance. According to the financial report data, from 2018 to 2020, the company achieved revenue of 3.067 billion yuan, 3.197 billion yuan and 3.25 billion yuan respectively, and the net profit attributable to the parent company was 183 million yuan, 71.68 million yuan and 324 million yuan, with year-on-year changes of – 23.05%, – 60.91% and 351.79%.
When the share price soars, Sichuan Yahua Industrial Group Co.Ltd(002497) may usher in shareholder reduction. On November 27, 2021, Sichuan Yahua Industrial Group Co.Ltd(002497) announced that Zheng Rong, the actual controller, planned to reduce his holdings of no more than 20 million shares to Zhang Ting, who acted in concert. Zhang Ting plans to reduce 10 million shares of Shanghai kuantou Asset Management Co., Ltd. – kuantou lucky star 7 private securities investment fund, accounting for 0.87% of the company’s total share capital. Zhang Ting is the daughter of Zheng Rong.
In addition, according to the announcement on November 3, 2021, Zou Qing, the supervisor of the company, plans to reduce 150000 shares, accounting for 0.01% of the total share capital. As of February 23 this year, the reduction plan has been more than half of the time, and Zou Qing has not yet reduced his holdings.
While disclosing the first quarterly report, Sichuan Yahua Industrial Group Co.Ltd(002497) announced the 2022 bank loan plan, saying that the company is currently in the stage of rapid development and has a large business scale. In order to meet the needs of daily production and operation and improve operating efficiency, the company plans to apply for a comprehensive credit amount of 8 billion yuan from financial institutions in 2022 for working capital loans, non working capital loans, bank acceptance bills Import and export documentary bill, bank guarantee, bank factoring, letter of credit and other loans, financing and other related businesses. The above credit line is not equal to the actual financing amount of the company.
However, the debt pressure of Sichuan Yahua Industrial Group Co.Ltd(002497) is not small. By the end of the third quarter of 2021, the monetary capital on its book was 456 million yuan, notes payable and accounts payable were 948 million yuan, and interest bearing liabilities included short-term loans of 63.1806 million yuan and long-term loans of 146 million yuan.
