Follow up comments
On November 23, 2021, the Shanghai Composite Index closed at 3589.09 points, up 0.20%; The Shenzhen composite index closed at 14905.13 points, down 0.37%; The power equipment and new energy index closed at 14869.19 points, down 0.61%. The wind primary material index closed at 6473.21 points, down 0.01%. Among them, the top three companies in the mining industry are: Hbis Resources Co.Ltd(000923) (000923. SZ, 10.02%), Shan Xi Hua Yang Group New Energy Co.Ltd(600348) (600348. Sh, 9.96%), Inner Mongolia Dazhong Mining Co.Ltd(001203) (001203. SZ, 6.84%). The top three companies in the non-ferrous metal industry are: Yantai Zhenghai Magnetic Material Co.Ltd(300224) (300224. SZ, 20.01%), Western Region Gold Co.Ltd(601069) (601069. Sh, 9.99%), Hengdian Group Dmegc Magnetics Co.Ltd(002056) (002056. SZ, 9.99%).
Lithium prices remained stable. Market supply and demand continued to be tense. In terms of supply, affected by seasonal factors and relevant environmental protection policies such as the “dual control of energy consumption” issued by the state, raw material production is limited and capacity release is tight. Many lithium battery enterprises conducted cost pressure downward in the form of price increase. In terms of demand, supported by the new energy wave, the new energy vehicle market has a good consumption prospect. The Ministry of industry and information technology recently issued a draft for comments on the normative conditions of the lithium-ion battery industry, which aims to guide enterprises to reduce manufacturing projects that simply expand production capacity, strengthen technological innovation, improve product quality and reduce production costs. This may affect a number of enterprises in the lithium battery field to find the right direction for R & D and production under the double favorable conditions of market and policy. It is recommended to pay attention to the following new energy metal targets rich in lithium resources: Ganfeng Lithium Co.Ltd(002460) , Yongxing Special Materials Technology Co.Ltd(002756) , Qinghai Salt Lake Industry Co.Ltd(000792) .
Industry highlights
1. Zou LAN, director of the financial market department of the people’s Bank of China, said that serving the real economy is the bounden duty and purpose of finance. In the next stage, the financial sector will continue to deepen the structural reform of the financial supply side, promote financial institutions to improve the internal resource allocation, strengthen external incentives and constraints, put serving the real economy in a more prominent position, and guide financial institutions to invest more resources in key areas of the real economy such as manufacturing, small and micro enterprises and green development. (Zhongxin Jingwei)
2. The international Hydrogen Energy Commission and McKinsey predict that in order to meet the net zero emission target, the global demand for “clean hydrogen” will increase by 50% in the next 10 years; By 2050, the global demand for hydrogen will reach 660 million tons, equivalent to 22% of the total global energy demand. In its report, the international Hydrogen Energy Commission predicted that in the future, China is expected to lead the development of hydrogen energy industry in the world. By 2050, China will become the largest “clean hydrogen” market. (China Energy Network)
Company dynamics
Inner Mongolia Xingye Mining Co.Ltd(000426) (000426): Gansu Northwest Mining Group Co., Ltd. (hereinafter referred to as “Northwest Mining”) ）It is planned to reduce the number of shares of the company through block trading and centralized bidding within 6 months after 15 trading days from the date of disclosure of the announcement, which shall not exceed 63543000 shares, that is, not more than 3.46% of the total share capital of the company; Among them, if the shares are reduced through centralized bidding trading, the total number of shares reduced shall not exceed 18371900 within any continuous 90 natural days, that is, not more than 1% of the total share capital of the company; If the shares are reduced through block trading, the total number of shares reduced within any 90 natural days shall not exceed 36743800 shares, that is, not more than 2% of the total share capital of the company.
