After a sharp correction, Contemporary Amperex Technology Co.Limited(300750) accelerated the large-scale layout of overseas markets.
On April 18, Contemporary Amperex Technology Co.Limited(300750) closed at 451 yuan / share, up 0.03%, with a total market value of 1.1 trillion yuan. Secondary market data show that Contemporary Amperex Technology Co.Limited(300750) has been declining since it fell below the 500 yuan mark on April 7, with a decline of 8.93% so far.
the highest fell by nearly 40%
Contemporary Amperex Technology Co.Limited(300750) why did it fall sharply? On the news side, the epidemic control in Ningde City, Fujian Province, where Contemporary Amperex Technology Co.Limited(300750) headquarters is located, has been upgraded, and traffic control measures have been taken. From 0:00 to 24:00 on April 17, 18 local asymptomatic infections were added in Ningde City. Since April 9, 41 confirmed cases and 151 asymptomatic infections have been reported in Ningde City. In response, Contemporary Amperex Technology Co.Limited(300750) responded to the outside world that the company strictly adopted grid management measures to ensure the orderly production of Ningde base.
The impact of the epidemic in Jilin and Shanghai on automobile enterprises has emerged. According to the data of the passenger car Association, the output of several auto enterprises has fallen sharply in March. Among them, the output of FAW Hongqi fell by more than 70% year-on-year in March, brilliance BMW fell by more than 50%, FAW Volkswagen fell by 45.8%, and SAIC GM, Beijing Benz and SAIC Maxus all fell by more than 30%.
Over a longer period of time, since reaching a record high of 692 yuan / share on December 3, 2021, Contemporary Amperex Technology Co.Limited(300750) has fluctuated downward, with a maximum decline of nearly 40%, and the market value evaporated by 560 billion yuan.
But outside the capital market, Contemporary Amperex Technology Co.Limited(300750) performance remains strong. On January 27, Contemporary Amperex Technology Co.Limited(300750) released the performance forecast. In 2021, the company is expected to realize the net profit attributable to the parent company of 14 billion yuan to 16.5 billion yuan, with a year-on-year increase of 150.75% to 195.52%, deducting the non net profit of 12 billion yuan to 14 billion yuan, with a year-on-year increase of 181.38% to 228.28%.
As for the rising performance, Contemporary Amperex Technology Co.Limited(300750) said that the main reason was that the penetration of new energy vehicles and energy storage market increased in 2021, driving the growth of battery sales; The company has made progress in market development, released new production capacity and increased production and sales accordingly; The company strengthened cost control and reduced the proportion of expenses in revenue.
In addition, according to the data of power battery shipments from January to February 2022 released by SNE research, a Korean Shanxi Guoxin Energy Corporation Limited(600617) Market Research Organization, the global power battery shipments totaled 53.5gwh, and the shipments and market share of Contemporary Amperex Technology Co.Limited(300750) were 18.4gwh and 34.4% respectively, ranking first in the list.
US $ 6 billion invested in Indonesia
Contemporary Amperex Technology Co.Limited(300750) is accelerating “going to sea”.
On April 15, Contemporary Amperex Technology Co.Limited(300750) announced that the holding subsidiary, Putian times, together with its partners antam and IBI, invested in the construction of the power battery industry chain project in the FHT Industrial Park in East hamahela County, North Maluku Province, Indonesia, and other relevant industrial parks in Indonesia. At present, the total investment amount of the project is no more than US $5.968 billion or equivalent currency.
Contemporary Amperex Technology Co.Limited(300750) this investment includes the battery whole industry chain project of industrial integration such as laterite nickel ore development, pyrometallurgy, hydrometallurgy, ternary battery material battery recovery and ternary battery, involving 6 subprojects, and the construction period of the project is 5 years. Except that the nickel mine development project is 49% owned by puqin times, other projects are controlled by the company, with a shareholding ratio of 60% or 70%. The total investment equivalent to the stock ratio of general logistics times is US $3.937 billion.
Contemporary Amperex Technology Co.Limited(300750) the two partners are Indonesian state-owned enterprises. Antam is a state-owned mining company listed in Indonesia, mainly engaged in the mining business of various types of minerals; IBI is a state-owned company in Indonesia. It is an investment company newly established by Indonesian National Petroleum Company, state power company, national mining company and related parties to carry out battery production. It mainly invests in battery and related industrial chain projects in Indonesia and overseas.
Zhang Xiang, President of the New Energy Vehicle Technology Research Institute of Jiangxi new energy technology vocational college, told the international financial news, “nickel is one of the cathode materials of ternary lithium batteries. Among the mainstream 811, 622 and 532 batteries, nickel belongs to the first-class element. In 811 batteries, nickel accounts for 80% of the cost of cathode materials and 50% of 532 batteries.” Another phenomenon that needs to be noticed is that “the proportion of ternary lithium batteries in the market has declined. Last year, the market share of lithium iron phosphate batteries exceeded that of ternary lithium batteries. However, thanks to the high popularity of the new energy vehicle market, the total amount of ternary lithium batteries is still growing.” Zhang Xiang added.
Contemporary Amperex Technology Co.Limited(300750) said that the implementation of the project will help to further improve the company’s strategic layout in lithium new energy industry, ensure the supply of key upstream resources and raw materials, reduce the company’s production costs, and promote the layout of the company’s battery recycling industry. In addition, the investment and construction of the project will increase the company’s capital expenditure and cash expenditure, but it will have a positive impact on the company’s business layout and operating performance in the long run, which is in line with the interests of all shareholders of the company.
highly dependent on the Chinese market
In April 6th, Contemporary Amperex Technology Co.Limited(300750) announced in the official account that in April 4th, the first overseas factory in Thuringia, Germany, officially obtained the 8GWh production license. The factory is also the first battery factory in Germany, and is currently in the installation stage.
Contemporary Amperex Technology Co.Limited(300750) German factory started construction in 2019 and is planned to be officially put into operation by the end of 2022. At that time, 1500 local jobs will be provided. The German factory mainly consists of two parts. G1 is a plant purchased from other companies to assemble electric cells into modules; G2 is a newly-built plant for the production of power cells. This license is for G2 cell production license.
The total investment of the plant is planned to be 1.8 billion euros and the planned production capacity is 14gwh. In the future, it will provide a total of 2000 local jobs. Located in the heart of Germany, the factory will provide high-quality products and services for major German automobile manufacturers and help Europe’s comprehensive electrification and energy transformation.
Behind the big investment is the gap of Contemporary Amperex Technology Co.Limited(300750) in the overseas market. SNE research data show that Contemporary Amperex Technology Co.Limited(300750) with 96.7gwh power battery installed capacity and 32.6% market share in 2021, ranking first in the world in the fifth year. However, Contemporary Amperex Technology Co.Limited(300750) is highly dependent on the Chinese market. According to the data of China automotive power battery industry innovation alliance, the installed capacity of Contemporary Amperex Technology Co.Limited(300750) China reached 80.51gwh in 2021, accounting for 83.26% of the company’s global total. Last year, the installed capacity of power batteries in the Chinese market was 154.5gwh, a year-on-year increase of 142.8%, accounting for 52.06% of the global 296.8gwh.
” Contemporary Amperex Technology Co.Limited(300750) is considering the possibility of building factories in Canada, Mexico and other places. In the American market, Contemporary Amperex Technology Co.Limited(300750) must go in.” Zeng Yuqun, chairman of Contemporary Amperex Technology Co.Limited(300750) said at the investor research activity in February this year that the company has more interaction with American customers, including both new forces and traditional automobile enterprises. Contemporary Amperex Technology Co.Limited(300750) previously discussed various possible supply and cooperation schemes and the possibility of localized production with American customers, “but the specific situation needs to consider the impact of factors such as worker training, efficiency and labor union on quality and cost”.
