At the beginning of the new year, a real estate enterprise announced its cross-border entry into the lithium battery industry. On January 5, Sundy Land Investment Co.Ltd(600077) announced that the company plans to establish Zhejiang Songdu Lithium Industry Co., Ltd. according to calculation, the initial registered capital of the company is proposed to be 500 million yuan.
According to the announcement of Sundy Land Investment Co.Ltd(600077) , there is no lithium related business, no relevant technical reserves, relevant resources and professional team. This foreign investment is only a newly established wholly-owned subsidiary of the company. Up to now, the company has not defined specific investment projects and has not signed relevant investment agreements.
Even so, Sundy Land Investment Co.Ltd(600077) opened the trading limit, and the so-called "lithium" will rise.
Since 2021, new energy vehicles have been in an explosive development trend, and many listed companies have also pursued hot spots and transformed to the lithium battery industry chain.
In the capital market, lithium battery concept stocks rose sharply in 2021, of which Hubei Yihua Chemical Industry Co.Ltd(000422) rose 566% and Jiangxi Special Electric Motor Co.Ltd(002176) rose 457%. According to the reporter's rough statistics, since last year, more than 20 listed companies have crossed into the lithium battery industry chain.
Since 2021, newly listed companies that have laid out the lithium battery industry chain have tasted the "sweetness" of the sharp rise in share prices. For example, Anhui Xinli Finance Co.Ltd(600318) after announcing the cross-border "lithium battery", the share price rose several limits.
In addition, Lb Group Co.Ltd(002601) , Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) , Anhui Annada Titanium Industry Co.Ltd(002136) and other chemical enterprises are also making great efforts to lithium iron phosphate in 2021.
Giants will increase and expand production, and laymen will cross the board. The lithium battery industry chain will become a hot pastry in the capital market in 2021. However, cross-border risks cannot be ignored because of the poor quality of the acquired assets, Anhui Xinli Finance Co.Ltd(600318) was questioned by the market and inquired by the exchange.
"The first cross-border risk is the comparative advantage and opportunity cost. If the listed company does not have the professional experience and ability to engage in the lithium battery business, although it has a certain stimulating effect on the stock price in the secondary market in the short term, the business itself may have the possibility of low yield or even loss. It will not only fail to share the policy and development dividend, but also lose other income opportunities." Shen Meng, executive director of Xiangsong capital, told reporters that the second risk is growth and competition risk. Under high investment, the lithium battery industry is bound to slow down the industrial growth rate and intensify market competition. The final result is that the actual situation of the project is not as expected.
On the one hand, listed companies have crossed the lithium battery industry chain one after another, on the other hand, relevant products continue to be in short supply, and prices have repeatedly reached new highs.
According to the data of Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) , driven by factors such as centralized goods preparation during the Spring Festival, the price of lithium salt reached a new high. On January 5, the offer price of battery grade lithium carbonate in the market exceeded 310000 yuan / ton, up to 325000 yuan / ton. However, the focus of negotiation is 290000 yuan - 300000 yuan / ton.
"Some battery enterprises have to stop production because of the temporary shortage of lithium carbonate, and the whole industrial chain is really in short supply." An analyst who declined to be named told the Securities Daily.
Qu Yinfei, a lithium analyst at the new energy division, told the Securities Daily that since 2021, the overall lithium carbonate market has maintained an upward trend. In the first quarter, due to the strong downstream demand, cathode enterprises actively entered the market with the mentality of buying up rather than buying down, and the purchase of lithium carbonate increased. However, the spot inventory of lithium carbonate is limited, and the maintenance of smelting end has led to a decline in output, The tight market supply has not decreased, lithium salt enterprises have raised their quotations, and the transaction price of lithium carbonate has continued to rise.
The popularity of new energy vehicle industry leads to the shortage of lithium salt. With the increase of the total number of new energy vehicles, the lithium battery industry chain is accelerating.
The data show that in November 2021, the production and sales data of Shanxi Guoxin Energy Corporation Limited(600617) automobile continued to set a new record, and the production and sales reached 457000 and 450000 respectively, with a year-on-year increase of 1.3 times and 1.2 times respectively; From January to November in 2021, the production and sales of 3.023 million vehicles and 2.99 million vehicles were completed respectively, with a year-on-year increase of 1.7 times. It is expected that the production and sales volume in December 2021 is expected to continue the growth momentum, and the annual production and sales volume last year is expected to exceed 3.4 million vehicles.
Gaogong lithium battery predicts that the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles will exceed 5.5 million in 2022.
The new energy vehicle track is still optimistic, and the popularity of upstream and downstream related industrial chains may be no less than that in 2021. Qu Yinfei believes that the supply and demand side will not change much in 2022. The supply rate of lithium carbonate smelting end is far lower than the growth rate of downstream demand. The contradiction between supply and demand will effectively support the upward price of lithium carbonate.
(Securities Daily)
