in early trading today, A-Shares fell again. Due to the sharp decline of the first heavyweight Contemporary Amperex Technology Co.Limited(300750) , the gem index once plunged more than 2%, approaching 3300 points, a new low since the adjustment.
In addition, the Shanghai index fell nearly 1% and the Shenzhen composite index fell more than 1%. Near the midday closing, the decline narrowed, with the Shanghai index down 0.38%, the Shenzhen composite index down 0.74% and the record index down 1.81%. Individual stocks fell more or less, only more than 1000 stocks rose, more than 3500 stocks fell, and the half day turnover of the two cities was nearly 700 billion yuan.
Contemporary Amperex Technology Co.Limited(300750) tumbled market value and lost more than 100 billion
Contemporary Amperex Technology Co.Limited(300750) is a leading lithium battery enterprise and the only listed company with a market value of more than trillion yuan on the gem. Its every move has a great impact on the lithium battery industry and the whole gem. In early trading today, Contemporary Amperex Technology Co.Limited(300750) fell sharply, falling more than 8% in the session, the largest decline in nearly half a year, and the share price also hit a new low in more than two months, with a market value loss of more than 100 billion yuan in only half a day. Driven by the sharp decline of Contemporary Amperex Technology Co.Limited(300750) , lithium batteries, salt lake lithium extraction, solid-state batteries, new energy vehicles and other sectors fell sharply one after another.
Due to the ultra-high landscape of new energy vehicles, the demand for mobile batteries surged, which led to a shortage of raw materials in the industrial chain and a sharp rise in prices. Among the four major materials, lithium hexafluorophosphate has increased by more than 400% this year; Iron lithium electrolyte has increased by more than 175% year to date; The year to date increase of ternary electrolyte is about 232%; Lithium iron phosphate cathode material increased by about 140%; Diaphragm and negative electrode prices are relatively stable, but they also have an upward trend; At the same time, the prices of other links have increased significantly, of which lithium ore and lithium salt have increased by more than 200%.
Moreover, with the upsurge of the market, the stock indexes of listed lithium battery companies are generally high, such as Contemporary Amperex Technology Co.Limited(300750) . Even after the in-depth adjustment, the dynamic P / E ratio is still as high as 130 times as of the noon closing today; Tianqi Lithium Corporation(002466) the dynamic P / E ratio is 194 times; Byd Company Limited(002594) the dynamic P / E ratio is more than 240 times.
Soaring share prices and high valuations have also led to the reduction of holdings of lithium battery listed companies. According to incomplete statistics, 32 companies in the lithium battery sector have completed the reduction since the second half of the year, of which Tianqi Lithium Corporation(002466) and Guangdong Chaohua Technology Co.Ltd(002288) plan to reduce their share capital by more than 50 million shares; Reduction of more than 5% of the shares held by shareholders such as Blivex Energy Technology Co.Ltd(300116) , Xiamen Tungsten Co.Ltd(600549) , Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) ; More Guangdong Tonze Electric Co.Ltd(002759) , Guangdong Jiayuan Technology Co.Ltd(688388) , Farasis Energy (Gan Zhou) Co.Ltd(688567) , Shenzhen Xfh Technology Co.Ltd(300890) and other important shareholders have been liquidated and reduced.
in order to seize the market, power battery enterprises are also crazy to expand production. According to incomplete statistics, since this year, power battery head enterprises including Byd Company Limited(002594) , Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) and honeycomb energy have announced that the cumulative new capacity in the next five years will exceed 2twh, about 20 times the loading volume this year.
Some institutions in the market are worried about the oversupply of power batteries, Orient Securities Company Limited(600958) said that the ternary cathode industry is currently expanding its production on a large scale, and the whole market capacity is expected to reach 2.42 million tons in 2025. However, from the actual demand side, vehicle power is the main application field of ternary positive electrode. It is estimated that the demand for ternary positive electrode will be 1.71 million tons in 2025. Secondly, ternary battery will also be applied in some digital products, light power and electric tools. Considering the improvement of inventory level in all links, it is estimated that the demand for ternary positive electrode in the whole market will be 1.93 million tons in 2025. Compared with the production capacity of ternary cathode, it is expected that the supply will exceed the demand in the next few years, and the capacity utilization rate of some enterprises will remain at a low level.
goodbye, Hong Kong stocks fell precipitously
Today is Christmas Eve, but investors who bought Hong Kong stock Weiliang holdings not only did not feel the joy of the festival, but suffered nearly 90% of asset losses. Weiliang holdings opened sharply lower by 59.81%, and then continued to decline, down 87.12% at most. As of press time, the number of shares traded has increased by more than 50% compared with the previous trading day, but the transaction amount has decreased sharply by more than 60%.
According to public information, Weiliang holdings mainly provides leasing services for crawler cranes, backhoe machines, reverse circulation drilling rigs and hydraulic grooving machines to construction projects in Hong Kong and Macao, buys and sells new or second-hand crawler cranes, reverse circulation drilling rigs, two wheel grooving machines, backhoe machines and related parts, as well as mechanical transportation and other services.
before the crash, Weiliang holdings announced that its trading would be suspended on December 22, 2021, announcing that the company planned to place up to 40 million new shares to no less than six assignees through the placement agent, accounting for about 4.65% of the expanded company's shares, with an issue price of HK $0.42 per share, a discount of about 19.23% compared with the closing price on December 22. It is currently expected that the net proceeds will be applied to the purchase of new construction machinery to enhance the group's leased fleet.
In fact, this is not the first time that Weiliang Holdings has plummeted like this. In May last year, Weiliang holdings once plummeted by more than 85% in a single day. After a year and a half of repair, the stock price finally rebounded to half its previous position, and today it plummeted back to its original shape.
The listing system of Hong Kong stocks is a registration system, which leads to the uneven quality of listed companies. Coupled with the relative lack of supervision, the sharp rise and fall of fairy stocks are staged almost every day. The surge in the number of shares traded by Weiliang holdings today shows that there are many bottom hunters, but investors should note that after the sharp decline of Weiliang holdings on May 22 last year, the share price continued to fall by about 66%, and the risk of bottom hunters is still huge.
Sudden! "Ningwang" plummeted by nearly 100 billion. Lithium batteries plummeted across the board. Three bad raids?
I'm crying! King Ning rarely broke this article, which became a heavy bad news? Lithium photovoltaic car diving!
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(Securities Times)
