Guosheng securities issued a research report on August 23, saying that it maintained the overweight rating of Beijing Easpring Material Technology Co.Ltd(300073) (300073.sz, latest price: 75.77 yuan). The reasons for rating mainly include: 1) the performance in the first half of 2021 achieved high growth, close to the upper limit of performance forecast; 2) The profitability was significantly improved, and the excess profit sharing scheme was launched to enhance the enthusiasm of employees; 3) The demand for cathode materials is strong, and the sales volume has reached a record high. The company actively carries out the construction of new production capacity, and is expected to realize the all-round layout of China + overseas and ternary + iron lithium; 4) Driven by innovation, the development progress of high nickel series is accelerated, and the company’s technical competitiveness continues to be strong. Risk warning: the downstream demand of new energy vehicles is lower than expected; The price rise of upstream raw materials exceeded expectations, and the company’s production capacity was lower than expected.
(Daily Economic News)
