The annual report market is opening.
On the morning of December 30, Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) rose by the limit. As of noon, about 400000 hands still paid the bill to seal the limit, at 14.59 yuan / share.
The strong performance of Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) also led to the collective rise of rare earth permanent magnet plate. As of the morning closing, Grinm Advanced Materials Co.Ltd(600206) rose by the limit, Ningbo Yunsheng Co.Ltd(600366) rose by 7.55%, and Yantai Zhenghai Magnetic Material Co.Ltd(300224) , Jl Mag Rare-Earth Co.Ltd(300748) , Advanced Technology & Materials Co.Ltd(000969) followed.
It was announced on December 30 that the net profit attributable to the parent company in 2021 is expected to be RMB 330 million-490 million, with a year-on-year increase of 155.18% – 278.90%.
orders increased significantly
For the reasons for the pre increase in performance, the company said that the company further improved the management level and operation efficiency of the company by strengthening market development and strengthening the centralized procurement of raw materials, resulting in a significant increase in orders.
Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) recently, in an institutional survey, said that the current capacity utilization rate of the company is 80% – 90%. The company can produce 20000 tons of sintered NdFeB and 1500 tons of bonded NdFeB. It is planned to expand the capacity of sintered Nd-Fe-B from the current 20000 tons to about 30000 tons in the next year or so by using the funds raised by allotment and self raised funds, and then decide on the continued expansion of capacity according to the order and market conditions.
At the downstream end, Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) products are mainly used in automobile (including new energy vehicles), consumer electronics, energy-saving motor, computer hard disk, industrial motor and other fields.
The demand of these industries is booming. China Automobile Industry Association predicts that the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles will be 3.4 million in 2021, a year-on-year increase of 1.5 times.
Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) indicates that neodymium iron boron magnetic materials will be used as long as the driving motor is used in any form of new energy vehicle application field. This means that the annual performance of companies engaged in Nd-Fe-B production may be expected.
Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) said that the main purpose of the company’s application of grain boundary diffusion technology is to penetrate the heavy rare earth metal dy or TB and its alloy into the magnet in the way of grain boundary diffusion, so as to greatly improve the coercivity while ensuring the basic invariability of remanence, so as to greatly reduce the use of heavy rare earth, reduce the cost and improve the cost performance of products.
strong downstream demand
Recently, the demand for magnetic materials is strong, and the price of rare earth has risen continuously.
Shanghai Nonferrous Metals network data show that at present, the average price of praseodymium neodymium oxide is 841500 yuan / ton; The average price of dysprosium oxide is 2890 yuan / kg, and the average price of terbium oxide is 11100 yuan / kg.
Shanghai Nonferrous Metals network said that near the end of the year, the consumption of rare earth mining indicators in the north is close to the limit, and the output increase in Sichuan is limited.
According to the calculation of the organization, the implementation of the motor energy efficiency improvement plan may bring about a demand increase of about 77000 tons from 2022 to 2023 (the penetration rate of rare earth permanent magnet motor in high-efficiency and energy-saving motor is 60%); Meanwhile, new energy vehicles, wind power and other fields are booming. The demand for rare earth high-performance magnetic materials will reach 198000 tons in 2023, and the compound growth rate from 2021 to 2023 is expected to reach 37%.
Citic Securities Company Limited(600030) said that NdFeB accounts for 35% of global rare earth consumption. It is expected that new energy vehicles outside China will drive 60000 and 78000 tons of high-performance NdFeB demand respectively in 2030. On the supply side, it is expected that the short-term increment of overseas rare earth permanent magnet production capacity is limited, and the future increment of global high-performance Nd-Fe-B supply may be mainly concentrated in China.
(China Securities Journal)
