Recently, Contemporary Amperex Technology Co.Limited(300750) with low share price performance has big newsP align = “center” Contemporary Amperex Technology Co.Limited(300750) : postpone the disclosure of the first quarterly report
On April 24, Contemporary Amperex Technology Co.Limited(300750) announced that the first quarter report of 2022 was originally scheduled to be disclosed on April 28. Based on the principle of prudence, the company postponed the disclosure time to April 30 in order to ensure the quality of preparation and the accuracy of information disclosure.
The delayed disclosure of the first quarterly report also caused a lot of speculation among shareholders. The latest data show that as of March 31, 2022, the company has more than 140000 shareholders.
Contemporary Amperex Technology Co.Limited(300750) shares have performed poorly recently. In early trading on the 20th, the Contemporary Amperex Technology Co.Limited(300750) share price hit a new low in this round of adjustment. Up to now, the share price has been reported at 415.34 yuan / share, with a total market value of 968.1 billion. It has been callback nearly 40% since the high point in December last year.
On April 21, Contemporary Amperex Technology Co.Limited(300750) released its annual report for 2021. The annual report showed that in 2021, Contemporary Amperex Technology Co.Limited(300750) achieved an operating revenue of 130. billion yuan, a year-on-year increase of 159.06%, and a net profit of 15.931 billion yuan, a year-on-year increase of 185.34%. The largest source of income is power battery system, the second source is lithium battery materials, and the third source is energy storage system.
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 revenueFollow up stock price of securities companies
On the afternoon of April 18th, the Contemporary Amperex Technology Co.Limited(300750) official account showed that the EVOGO switch service was officially launched in Xiamen, and the first batch of 4 fast changing stations was launched. Contemporary Amperex Technology Co.Limited(300750) said that it is expected to complete the construction of 30 quick change stations in Xiamen by the end of this year.
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.
Soochow Securities Co.Ltd(601555) pointed out that the company’s stock price was wrongly killed due to various rumors recently, and the valuation was corrected to the bottom of history. 2022 is a big year for the global sales of electric vehicles and energy storage, and the company has sufficient orders. It is expected that the global share will further increase to 35% +, and the shipment volume and performance are expected to continue to double. The current valuation is obviously underestimated. Considering the high growth of the company in 2022 and the global power battery longyi, the customer, technology and cost are all in the lead, and the long-term advantages are prominent, the company is given a certain valuation premium, 70 times PE in 2022, and the target price is 905.8 yuan.
Citic Securities Company Limited(600030) also said that the company’s fundamentals are still strong. In terms of market share, the company’s global and Chinese market share in 2021 were 32.6% and 52.4% respectively. It has maintained the first position in the world for five consecutive years, and the leading position is expected to be maintained. It is estimated that in 2022, the sales volume of new energy vehicles in China / around the world will be 5.5 million and 9.62 million respectively, and the corresponding power battery demand will be 286gwh and 500gwh respectively. Superimposed on the rapidly growing demand of the energy storage industry, the demand side of the industry will remain strong, the company’s capacity will be released rapidly, and the breakthrough of overseas power batteries and energy storage batteries is expected to be accelerated. In the field of technology, the company has successively released structural innovative technologies such as CTP, CTC and a + B, as well as new technical solutions such as sodium ion battery and power exchange, so as to continue to lead the development of the industry.
Orient Securities Company Limited(600958) research report said that in the future, the marginal improvement logic of battery link will be smooth, superimposed with the company’s breakthroughs in overseas markets and the growth in energy storage field. As the industry leader, the company has high certainty of performance growth. It is predicted that the company’s earnings per share from 2021 to 2023 will be 6.50 yuan, 12.94 yuan and 18.67 yuan respectively. Combined with the valuation level of comparable companies, the company will be given 52 times PE in 2022. The reasonable total market value of the company is 156824 billion yuan, corresponding to the overall target price of the company, For the first time, give a “buy” rating.
