The first performance forecast of Listed Companies in Beijing stock exchange in 2021 was released. On the evening of January 10, beiteri, the “big brother in market value” of the Beijing stock exchange, announced that it is expected to realize the net profit attributable to the parent company of 1.35 billion to 1.55 billion yuan in 2021, with a year-on-year increase of 173% to 213%.
Beiteri is the “Star stock” of the Beijing stock exchange. Since 2021, the company’s share price has increased by 2.6 times, and the latest total market value is 66.9 billion yuan. According to the current appointment, Gaishi food will disclose the first annual report of the Beijing stock exchange on March 11, and beiteri’s disclosure date is March 30.
the scene of lithium battery market is high
Beiteri is a leading manufacturer of negative electrode materials in the world. The company has overseas customers such as Panasonic, Samsung, ski and LG, as well as Chinese customers such as Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) . Beiteri said that in 2021, the downstream lithium battery market continued to boom, the market demand for battery materials further increased, and the sales of positive and negative materials of the company increased rapidly.
According to evvolumes’ prediction, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) passenger vehicles is expected to reach 6 million in 2025, and the global sales volume of new energy passenger vehicles is expected to reach 18 million, corresponding to an average annual growth rate of 44% from 2021 to 2025. In 2025, the global demand for power batteries is expected to be 919.4gwh, which will approach or even exceed 1twh. Power batteries still have great potential in the future.
With the growth of market demand, beiteri is also expanding its production on a large scale. Since the beginning of 2021, beiteri has carried out many foreign investment projects, including 50000 tons of high-end artificial graphite negative electrode material project, 120000 tons of negative electrode needle coke production line, 80000 tons of high-end artificial graphite negative electrode integrated production line, 50000 tons of lithium battery high nickel ternary positive electrode material project and other expansion projects.
Source: Anxin Securities Research Report
Anxin Securities said that in the past two years, beiteri has expanded the production capacity of artificial graphite negative electrode materials, actively built new production lines of silicon-based negative electrode materials and high nickel ternary positive electrode materials, and made a forward-looking layout according to the development trend of positive and negative materials in the industry in the future.
the price of battery materials soared
According to SMM data, since 2021, the price of lithium carbonate has increased from 62000 yuan / ton at the beginning of the year to 300000 yuan / ton recently, an increase of more than 380%; The price of lithium hydroxide increased from 60000 yuan / ton to more than 230000 yuan / ton, with an increase of 280%; The price of cobalt sulfate increased from 64000 yuan / ton to 100000 yuan / ton, an increase of more than 50%; The price of manganese sulfate increased from 6400 yuan / ton to more than 10000 yuan / ton, and the price increased by 55%; The price of lithium hexafluorophosphate increased from 85000 yuan / ton to 550000 yuan / ton, an increase of 547%.
In the context of the rapid rise in raw material prices, the price of battery materials has also increased, of which the price of ternary materials has increased by nearly 80% since 2021. Under the cost pressure, Byd Company Limited(002594) , LG, Guangzhou Great Power Energy&Technology Co.Ltd(300438) and other battery enterprises have also successively transmitted price pressure to downstream vehicle manufacturers. Car companies represented by Tesla also respond by raising prices and releasing new products.
Caixin securities research report said that driven by the demand for new energy vehicles, energy storage and electric two wheeled vehicles and electric tool batteries, the downstream demand space for lithium-ion batteries is huge, and the battery demand is about to enter the TWH (billion KWH) era, which will drive the high demand for positive and negative materials.
(source: China Securities Journal)
