On January 24, the lithium giant Ganfeng Lithium Co.Ltd(002460) disclosed a performance forecast of “explosion”.
According to the performance forecast, Ganfeng Lithium Co.Ltd(002460) it is estimated that the annual net profit in 2021 will reach 4.8 billion yuan to 5.5 billion yuan, with a year-on-year increase of 368.45% to 436.76%. According to the median performance forecast, the net profit of Ganfeng Lithium Co.Ltd(002460) in the fourth quarter of 2021 will reach 2.677 billion yuan, even exceeding the sum of the first three quarters.
Previously, the Research Report of some securities companies predicted that the annual net profit of Ganfeng Lithium Co.Ltd(002460) 2021 was 3.523 billion yuan. This also means that the performance of Ganfeng Lithium Co.Ltd(002460) far exceeds analysts’ forecasts.
On January 24, the lithium sector rose sharply, Ganfeng Lithium Co.Ltd(002460) limit, closing at 134.87 yuan / share, with the latest market value of 193.9 billion yuan.
Citic Securities Company Limited(600030) the research report points out that the tight supply of lithium may not be alleviated in 2022. It is expected that the lithium price will maintain an upward trend and the sector configuration logic will shift to “performance”. Thanks to the rise of lithium price center, the performance of lithium company in 2022 is expected to be significantly thickened, bringing significant valuation advantages.
performance pre increase of up to 4 times
The annual performance forecast for 2021 released on the evening of Ganfeng Lithium Co.Ltd(002460) 24 shows that the net profit attributable to shareholders of Listed Companies in 2021 is expected to be 4.8 billion yuan to 5.5 billion yuan, a year-on-year increase of 368.45% to 436.76%.
Ganfeng Lithium Co.Ltd(002460) said that during the reporting period, with the rapid development of new energy vehicles and energy storage industry, the demand of downstream customers for lithium salt increased strongly, the production and sales volume of the company’s lithium salt products increased and the product price continued to rise, the new projects in the company’s lithium battery sector were put into operation and the production capacity was released step by step, so the company’s operating net profit increased year-on-year.
Institutional analysis pointed out that Ganfeng Lithium Co.Ltd(002460) has a bright performance, and the rise in lithium price is fully reflected in the profit growth. In 2022, Ganfeng lithium salt production is expected to reach 110000-120000 tons, of which about 50000 tons are self owned equity mines.
Lithium salt prices continue to rise. According to the data of Shanghai Nonferrous Metals network, from January 17 to January 21, the price of SMM battery grade lithium carbonate was 345000-353000 yuan / ton, and the average price increased by 23000 yuan / ton compared with last week; The price of SMM industrial grade lithium carbonate is 327000-335000 yuan / ton, with an average price increase of 23000 yuan / ton compared with last week, with a year-on-year increase of more than 400%.
According to the analysis of Shanghai Nonferrous Metals network, in January, when the supply was reduced due to the maintenance of some lithium salt enterprises, it was difficult to find a single product in the market. This week, there were few quotations from mainstream leading enterprises, and a small number of quotations from small and medium-sized lithium salt plants and material plants reached 365000 yuan to 370000 yuan / ton. As some enterprises still have gaps, the procurement is still continuing.
institutions buy
Although the price of lithium salt continues to soar, the market demand is strong and the supply is tight, which has brought huge profits to lithium mining enterprises, the lithium mining sector has experienced a sharp correction recently.
According to the data, the lithium mine index fell from 10370 points in September 2021 to 7288.46 points on January 24, 2022, with the sector falling by more than 40%. The Ganfeng Lithium Co.Ltd(002460) and Tianqi Lithium Corporation(002466) known as the “two giants of lithium mines” led the decline. Among them, Ganfeng Lithium Co.Ltd(002460) share price has fallen 66.4% since its high of 224.4 yuan / share in September 2021.
Nevertheless, the agency is still optimistic about the trend of Ganfeng Lithium Co.Ltd(002460) and the whole lithium sector. According to the data, Ganfeng Lithium Co.Ltd(002460) in the last 90 days, a total of 14 institutions have given ratings, including 10 buy ratings and 4 overweight ratings; The average target price of the institution in the past 90 days was 212.51 yuan / share; In the past three months, the net financing inflow was 45.152 million yuan, and the financing balance increased.
Cui Chenlong, manager of Qianhai open source fund, said that from a long-term perspective, whether it is the sustainability of space or demand, the new energy sector is far from the ceiling and has great potential.
Century Securities said that lithium demand is strong and supply is tight. Lithium salt companies with sufficient resource end capacity should have a certain valuation premium. Ganfeng Lithium Co.Ltd(002460) the integrated layout of upstream, middle and downstream has sufficient resource reserves and complete industrial chain. It will fully enjoy the upward dividend of the industry and the increase of product volume and price.
According to the data of the dragon and tiger list, on January 24, the total net purchase of institutional seats was Ganfeng Lithium Co.Ltd(002460) 185835100 yuan; Shenzhen Stock connect bought 532.512 million yuan, sold 656.0372 million yuan and sold 123.536 million yuan net
data source: China stock market news
As of January 20, 2022, Ganfeng Lithium Co.Ltd(002460) has more than 240000 shareholders, an increase of 100000 compared with September 10, 2021.
