The continuous hot new energy vehicle market has significantly boosted the benefits of upstream and downstream enterprises in the industrial chain. After the substantial increase of profit in 2021, many companies made another performance prediction in the first quarter of 2022.
multi company first quarter performance forecast
After entering the new energy track from the garment industry, Ningbo Shanshan Co.Ltd(600884) ( Ningbo Shanshan Co.Ltd(600884) ) regained its performance rise. After the profit in 2021 was greatly predicted, on March 28, the company further disclosed the performance forecast for the first quarter of 2022, and the net profit increased again year-on-year.
Ningbo Shanshan Co.Ltd(600884) existing businesses cover new energy businesses such as lithium-ion battery materials, battery system integration (including lithium-ion capacitor and power battery pack), energy management services, charging pile construction and new energy vehicle operation. According to the preliminary calculation of the financial department, the company expects to achieve a net profit of 750 million yuan to 850 million yuan in the first quarter of 2022, with a year-on-year increase of 448 million yuan to 548 million yuan, an increase of 148% to 181%; The net profit deducted from non profits was 560 million yuan to 600 million yuan, with a year-on-year increase of 279 million yuan to 319 million yuan, an increase of 99% to 113%.
As for the performance in the first quarter, Ningbo Shanshan Co.Ltd(600884) said that during the period, benefiting from the continuous improvement of the prosperity of the new energy vehicle industry and the continuous strong demand in the downstream market of the negative electrode material business, the company seized the market opportunity, with leading technology and high-quality products, the supply of the company’s products was in short supply, and the production and sales of negative electrode materials and operating performance increased year-on-year. Meanwhile, since February 1, 2021, the polarizer business incorporated into the consolidation scope of the company has developed stably and brought high performance contribution. During the period, the sale of 100% equity of Hunan Yongshan Lithium Industry Co., Ltd. also achieved corresponding investment income.
Shenzhen Capchem Technology.Ltd(300037) ( Shenzhen Capchem Technology.Ltd(300037) ), whose core business is lithium-ion battery electrolyte and battery chemicals, also benefited from the better demand for downstream power batteries and other products driven by the upsurge of new energy vehicles.
it was disclosed on March 28, 2003 that the performance forecast for the first quarter of 2022 showed that the company expected to realize a net profit of 482 million yuan to 513 million yuan, an increase of 210% to 230% year-on-year.
In addition to battery material enterprises, Ningbo Tuopu Group Co.Ltd(601689) ( Ningbo Tuopu Group Co.Ltd(601689) ) said that in the first quarter of 2022, the company’s lightweight chassis, thermal management and other businesses for intelligent electric vehicles grew strongly, and the steering system, braking system and air suspension businesses related to chassis by wire also achieved good development, promoting the continuous rapid growth of operating revenue and net profit.
According to the first quarter performance forecast disclosed on the 28th, during the period, Ningbo Tuopu Group Co.Ltd(601689) is expected to realize an operating revenue of 3.63 billion yuan to 3.73 billion yuan, an increase of 50% to 54% year-on-year; The net profit was 346 million yuan to 386 million yuan, a year-on-year increase of 41% to 57%.
In addition, Chengxin Lithium Group Co.Ltd(002240) ( Chengxin Lithium Group Co.Ltd(002240) ) disclosed the performance forecast on March 28. It is estimated that the net profit in the first quarter is RMB 900 million ~ 1.1 billion, with a year-on-year increase of 765.24% ~ 957.52%. During the reporting period, the new energy industry developed rapidly, the demand of downstream customers for lithium salt increased strongly, the price of lithium salt products continued to rise, and the profit of the company’s lithium salt business increased significantly compared with the same period of last year.
new energy vehicle boom continues
Before the performance forecast of the first quarter of 2022, the performance forecast of 2021 disclosed by Ningbo Shanshan Co.Ltd(600884) shows that the company is expected to realize a net profit of 3.1 billion yuan to 3.39 billion yuan, with a year-on-year increase of 2146% to 2356%; The net profit deducted from non-profit was 1.72 billion yuan to 1.93 billion yuan, with a year-on-year increase of 1.884 billion yuan to 2.094 billion yuan.
For the substantial growth of performance, Ningbo Shanshan Co.Ltd(600884) is also mainly due to the continuous improvement of the prosperity of the new energy vehicle industry in 2021.
The company said that during the period, the demand of downstream customers was strong, the company accelerated the release of production capacity of its core business, and the overall sales volume and profitability of lithium battery materials business increased significantly year-on-year. The production and sales of cathode materials have increased rapidly; The superimposed Baotou integrated production line reached production, the scale effect was further highlighted, the cost reduction and efficiency increase were significant, and the gross profit margin of negative electrode materials business increased year-on-year. At the same time, the company promotes the innovation of raw materials and processing technology and the development of new products through continuous R & D investment, which improves the market competitiveness of the company’s cathode material business.
The cathode material business also continued to strengthen supply chain management, the transmission of raw material price increases was smooth, and the profitability of products was improved. The electrolyte business benefited from the rise in the price of lithium hexafluorophosphate and the production capacity of some lithium hexafluorophosphate prepared by the company, and the performance increased significantly year-on-year.
According to the 2021 annual report disclosed by Shenzhen Capchem Technology.Ltd(300037) on March 28, the company achieved an operating revenue of 6.951 billion yuan, a year-on-year increase of 134.76%; The net profit was 1.307 billion yuan, a year-on-year increase of 152.36%; The basic earnings per share was 3.18 yuan, a year-on-year increase of 146.51%.
Shenzhen Capchem Technology.Ltd(300037) said that in 2021, the company’s battery chemicals business achieved an operating revenue of 5.27 billion yuan, a year-on-year increase of 217.63%. Under the influence of China’s “double carbon” policy and the green and low-carbon requirements of Europe and the United States, the explosive growth of new energy vehicles and the sharp increase in the shipment of power lithium batteries have driven the increase in the demand for upstream battery materials.
According to the data of China Automobile Industry Association, in 2021, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles was 3.52 million, a year-on-year increase of 157%, and the annual market penetration of new energy vehicles reached 13.4%. According to the prediction of China electric vehicle hundred people’s Association, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles will reach at least 7 million by 2025. In addition, driven by the policies supporting the development of new energy industry, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in Europe and the United States increased rapidly. According to the statistics of Guotai Junan Securities Co.Ltd(601211) securities, the sales volume of new energy vehicles in the European market in 2021 was 2.26 million, with a year-on-year increase of 65.7%; The sales volume of new energy vehicles in the US market was 670000, a year-on-year increase of 101.3%. With the rapid growth of the demand for power batteries and energy storage batteries, the shipment of electrolyte for lithium-ion batteries has increased rapidly. In 2021, due to the substantial increase in market demand, lithium hexafluorophosphate, solvents and additives remained in short supply, and the electrolyte of lithium-ion batteries was in short supply throughout the year.
Shenzhen Capchem Technology.Ltd(300037) believes that with the improvement of the industrial chain and the increasing expansion of the scale, the new energy industry will usher in a historical opportunity for rapid development in the next five years. Lithium ion battery electrolyte, as one of the core materials of lithium battery, has a huge market space, the gap between electrolyte enterprises will be further widened, and the market share and concentration of leading enterprises will gradually increase with the advantages of cost, scale and technology.
