When the new energy vehicle industry chain is combined vertically and horizontally
Chengxin Lithium Group Co.Ltd(002240) announced on March 22 that it plans to raise no more than 3 billion yuan from Byd Company Limited(002594) and introduce it as a strategic investor to accelerate the realization of the strategic goal of "becoming a global leader in lithium battery new energy materials". All the funds raised will be used to supplement working capital and repay debts.
Affected by this news, Chengxin Lithium Group Co.Ltd(002240) opened up 2.58% in early trading. As of the close, the stock closed at 54.1 yuan, down 0.9%.
"lithium king" opened high and walked low, Byd Company Limited(002594) shot
Analysts said that Byd Company Limited(002594) such a big stake in Chengxin Lithium Group Co.Ltd(002240) , it is undoubtedly the lithium resources behind it. According to Sinolink Securities Co.Ltd(600109) latest research report, Chengxin Lithium Group Co.Ltd(002240) current lithium resource layout: Sichuan yelonggou lithium mine (holding 75%), taiyanghekou lithium Polymetallic Mine (holding 75%), Sichuan Murong lithium mine (holding 25.19%), Zimbabwe sabixing Lithium Tantalum mine (holding 51%), Argentina sdla Salt Lake (management right), mtcatlin and Manono underwriting.
Thanks to the rapid development of the new energy vehicle industry, Chengxin Lithium Group Co.Ltd(002240) has seen explosive growth in performance. According to the statistics of data treasure, Chengxin Lithium Group Co.Ltd(002240) last year, the net profit reached 830 million yuan to 920 million yuan, with a year-on-year increase of 295431% to 328550%. The company's share price also rose sharply, more than tripled in 2020 and more than doubled last year.
this joint venture is a win-win for both sides. The lithium resources of Byd Company Limited(002594) are guaranteed to a certain extent, and the performance certainty of Chengxin Lithium Group Co.Ltd(002240) is also enhanced in the morning, the stock prices of the two stocks diverged, Byd Company Limited(002594) A shares rose 1.56%, and Chengxin Lithium Group Co.Ltd(002240) fell 0.9%.
Most lithium mining sectors fell, Youngy Co.Ltd(002192) , Yongxing Special Materials Technology Co.Ltd(002756) and other stocks fell by more than 3%. "Lithium king" Tianqi Lithium Corporation(002466) also opened higher and went lower, closing down 2% in the morning, Ganfeng Lithium Co.Ltd(002460) fell more than 1%.
Volkswagen "king of nickel and cobalt" also joined hands
When the global "lithium war" is going on. Recently, Volkswagen Group (China) announced that it has signed two memorandums of understanding on strategic cooperation with Zhejiang Huayou Cobalt Co.Ltd(603799) and Qingshan holding in order to further consolidate the company's position in China's battery value chain and strengthen its competitiveness in the rapidly growing field of electric travel.
Cobalt, nickel and other energy metals are also important raw materials for the lithium battery industry chain. Some analysts pointed out that the tripartite cooperation is essentially Volkswagen's strategic locking of cobalt, nickel and other new energy raw materials.
Zhejiang Huayou Cobalt Co.Ltd(603799) explained the announcement on this cooperation, which aims to further strengthen the supply guarantee of power battery raw materials, strengthen the technological innovation coordination of the whole industry chain including precursors and cathode materials, and jointly build an internationally competitive integrated manufacturing platform for new energy source lithium battery materials.
Global competition for new energy metals represented by lithium seems to have become a trend. In July last year, Eve Energy Co.Ltd(300014) announced that its controlling shareholder Yiwei holdings planned to acquire Dahua Chemical 29% equity. It is worth noting that Dahua Chemical holds the mining right of Dachaidan lithium salt lake.
Last September, the two giants of China Shipbuilding Industry Group Power Co.Ltd(600482) battery industry - Contemporary Amperex Technology Co.Limited(300750) and Ganfeng Lithium Co.Ltd(002460) cut and made a "cut-off" of the price of Canada Millennium lithium company, which staged a climax of lithium mine M & A transactions.
Last October, Zijin Mining Group Company Limited(601899) 5 billion yuan acquired Neo lithium, a Canadian lithium salt supplier, and laid out the lithium industry for the first time.
Overseas giants are also taking action. The world's largest supplier of lithium products - American Yabao said after announcing the third quarter results in November last year that the company was expanding its business as soon as possible and evaluating new opportunities. The global leader in electric vehicles Tesla also began to purchase raw materials for power batteries at the beginning of this year. On February 16, Australian lithium miner liontown announced that it had signed a five-year spodumene concentrate supply agreement with Tesla.
a-share subdivision leader unveiling
Not only lithium, cobalt and nickel, but also phosphate rock, as the raw material of lithium iron phosphate, was very popular last year, and relevant companies are also accelerating their entry into the new energy industry chain.
Yunnan Yuntianhua Co.Ltd(600096) and other lithium battery upstream and downstream enterprises have recently issued an announcement to join hands with Yunnan Energy New Material Co.Ltd(002812) , Eve Energy Co.Ltd(300014) , Huayou holding and Yuxi Municipal People's Government of Yunnan Province to reach a cooperation agreement and plan to build a new energy battery industry cluster.
New energy vehicles are still in the growth stage of the industry, and the development of upstream resource stocks is worth looking forward to. Accordingly, databao sorted out the subdivided leading stocks in the upstream resource sector of the new energy vehicle industry chain. In addition to the above lithium cobalt nickel phosphorus and other varieties, there are also beneficial or potential beneficial varieties such as rare earth, manganese, copper, sodium, magnesium and aluminum
According to the statistics of securities times · databao, there are 42 leading listed companies including the attributes of upstream resource stocks of new energy vehicles. As of the latest closing date, the total market value of these listed companies is 2.2 trillion yuan.
In terms of breakdown, lithium resource leaders include Ganfeng Lithium Co.Ltd(002460) , Qinghai Salt Lake Industry Co.Ltd(000792) , Tianqi Lithium Corporation(002466) , and other billions of giants; Cobalt nickel concepts include Zhejiang Huayou Cobalt Co.Ltd(603799) , China Molybdenum Co.Ltd(603993) two hundred billion giants; There are China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , Inner Mongolia Baotou Steel Union Co.Ltd(600010) two hundred billion giants in the rare earth sector.
According to the statistics of databao, from the perspective of the P / E ratio of net profit conversion unanimously predicted by institutions this year, among the typical new energy metal targets, Tianqi Lithium Corporation(002466) , Sichuan Yahua Industrial Group Co.Ltd(002497) , China Molybdenum Co.Ltd(603993) and many other stocks have a forward P / E ratio of less than 20 times.
It is worth mentioning that most of the above predictions are last year's predictions for this year, without taking into account the subsequent sharp rise in lithium prices, and the valuation of some underlying stocks is expected to be further reduced. Taking Chengxin Lithium Group Co.Ltd(002240) as an example, the stock's predicted P / E ratio is close to 30 times Sinolink Securities Co.Ltd(600109) the latest research report predicts that the net profit of the company this year and next will be 12 times and 9 times respectively.