One quarter is worth the profit of the first half of the year! The high prosperity of phosphorus chemical industry makes relevant companies usher in a “good start”. Recently, as listed companies related to phosphorus chemical industry successively disclosed the performance forecast of the first quarter, the bright report card gave a boost to the market. Moreover, with the explosion of the new energy battery industry, the phosphorus chemical giant holding phosphate rock resources began to enter the new energy industry chain, and the trend of “left phosphorus and right lithium” seems unstoppable.
On April 6, Yunnan Yuntianhua Co.Ltd(600096) released the performance forecast. According to the announcement, the net profit in the first quarter of 2022 is expected to be about 1.64 billion yuan, a year-on-year increase of 185.18%. According to the previous disclosure, the company realized a net profit of 3.642 billion yuan in 2021, a year-on-year increase of 123877%. This means that Yunnan Yuntianhua Co.Ltd(600096) made a profit equivalent to that of the first half of last year in the first quarter of this year.
The announcement said that during the reporting period, the prices of phosphate rock, synthetic ammonia and sulfur increased, and the coal price corrected month on month, but increased year-on-year, which brought great upward pressure on the cost of the whole chemical fertilizer industry. The company is highly self-sufficient in the production capacity of “phosphate rock phosphoric acid” and synthetic ammonia, and has strong integration advantages. At the same time, the company strengthened market research and judgment, coordinated the strategic reserve and procurement of purchased bulk raw materials, effectively alleviated the rising cost caused by the rising price of raw materials such as sulfur and coal, and highlighted the competitive advantage of chemical fertilizer products.
The performance of another phosphorus chemical enterprise Hubei Xingfa Chemicals Group Co.Ltd(600141) in the first quarter was also quite bright. According to the performance forecast disclosed by the company, in the first quarter of 2022, the company achieved a net profit of 1.7 billion yuan, a year-on-year increase of 379.35%. In the past year of 2021, the company achieved a net profit of 4.247 billion yuan, a year-on-year increase of 583.58%. The net profit in the first quarter of this year is equivalent to 40% of that of last year.
The reason for the performance explosion of phosphorus chemical enterprises is very simple, because the lithium iron phosphate battery industry broke out, resulting in the shortage of phosphate rock and the sharp rise in the price. And this trend continues.
The high boom market of “left phosphorus and right lithium” has made phosphorus chemical giants proud and revealed their ambition to enter the downstream ferric phosphate or lithium ferric phosphate subdivision. According to incomplete statistics, since last year, including Hubei Xingfa Chemicals Group Co.Ltd(600141) , Yunnan Yuntianhua Co.Ltd(600096) , Kunming Chuan Jin Nuo Chemical Co.Ltd(300505) , Hubei Yihua Chemical Industry Co.Ltd(000422) , Xinyangfeng Agricultural Technology Co.Ltd(000902) , nearly 10 listed phosphorus chemical companies have announced their entry into the field of new energy batteries. Cooperation has become the main way for phosphorus chemical enterprises to expand new energy industry. Among them, Yunnan Yuntianhua Co.Ltd(600096) hand in hand Do-Fluoride New Materials Co.Ltd(002407) , Hubei Yihua Chemical Industry Co.Ltd(000422) hand in hand Contemporary Amperex Technology Co.Limited(300750) , Xinyangfeng Agricultural Technology Co.Ltd(000902) and Gem Co.Ltd(002340) . Known as the “king of phosphorus chemical industry”, Hubei Xingfa Chemicals Group Co.Ltd(600141) announced in November last year that it would cooperate with Zhejiang Huayou Cobalt Co.Ltd(603799) to invest in the integrated industry of phosphate mining and beneficiation, phosphorus chemical industry, wet process phosphoric acid, iron phosphate and lithium iron phosphate materials in Yichang, Hubei Province, and build 500000 T / a iron phosphate, 500000 T / a lithium iron phosphate and related supporting projects.
