With the Ministry of Industry and Information Technology recently released "Lithium-ion battery industry regulatory conditions," lithium battery industry is expected to further standardize the industry leader will also benefit from the increase in industrial concentration, in the future high-speed growth market usher in more room for development. The semi-annual report of the listed companies in the industrial chain also showed that Sancheng achieved more than 50% growth in the first half of the year.
Lithium battery industry may continue high growth
Lithium industry chain company usher in "good days"
After sorting out the semi-annual report of more than 30 listed companies in the lithium battery industry chain, the reporter found that more than 70% of the company's net profit increased year-on-year in the first half of the year, and one-third of lithium battery companies' net profits increased by more than the same period last year. 50%. Industry insiders predict that new energy battery capacity will be further released in the second half of this year.
Thanks to the volume of lithium business, Chengfei achieved operating income of 635 million yuan in the first half of this year, an increase of 134.73%, net profit of 25.6182 million yuan, an increase of 1156.42% year-on-year; of which, the company’s lithium battery, power system and ancillary products revenue More than 400 million yuan, an increase of 268.51%; at the same time, during the reporting period, the company's gross profit margin rose by 3.26 percentage points over the same period last year. Cheng Fei integration believes that the outbreak of performance is mainly due to the country's successive introduction of preferential policies to promote the development of new energy vehicles. As market demand increases, the company’s lithium battery orders show an explosive growth and production and sales volume increase, so the corresponding sales revenue and profits have increased significantly. .
Dongyuan Electric Appliance Co., Ltd. also reported a rapid growth in its performance. The company achieved a net profit of 221 million yuan in the first half of the year, an increase of 216.69% year-on-year. In the first half of this year, after the reorganization of the company, it achieved a horizontal transformation to the new energy industry. The rapid growth of the Guoxuan Hi-Tech Power lithium battery business led to a significant increase in the overall performance of the company.
In the first half of the year, Fluorinate, which has an annual capacity of 50 million AH power lithium batteries, has been formed to further increase market competitiveness and expand production scale. At the end of July this year, 100 million AH production capacity will be formed, and efforts will be made to reach 300 million AH production capacity by the end of the year. In order to meet the market demand for power lithium batteries in short supply. As lithium power batteries became the company's new economic growth point, the net profit of Fluoride in the first half of this year increased by 194.13% year-on-year. In addition, with the further release of production capacity for fund-raising projects and the expansion of the superimposed power battery and energy storage market, Nissan Lithium and Yiwei Lithium have also maintained a stable growth in lithium battery business.
The current capacity gap remains obvious
Compared with traditional automobiles, the continued production and sales of new energy vehicles have undoubtedly detonated the upstream lithium battery market. The current status is: China's power lithium battery production capacity is far from meeting the current demand for new energy vehicles. This means that the lithium battery plate has a huge space for development.
The latest data released by the Ministry of Industry and Information Technology recently showed that from January to August of this year, the domestic new energy vehicles produced a total of 123,500 vehicles, a three-fold increase compared to the same period of last year. Among them, the production of pure electric passenger cars was 52,100, which was a year-on-year increase. The number of plug-in hybrid passenger cars was 32,800, a year-on-year increase; the number of pure electric commercial vehicles was 28,300, an eight-fold increase from the same period of last year. Electric hybrid commercial vehicles produced 10,200 vehicles, a year-on-year increase of 96%. It is estimated that in 2015 China's electric vehicle sales will reach 220,000 units, an increase of 162% year-on-year, and the demand for power lithium batteries will be approximately 12.5GWh, with an output value of approximately 25 billion yuan. At present, the actual production capacity of power lithium batteries is only 5GWh.
This also means that as one of the core elements of new energy vehicles, the demand for new energy vehicles in the power battery market will also increase.
In fact, several listed companies have already “raised†ahead of the lithium battery segment. In June of this year, BYD disclosed a plan for increasing revenues, and plans to raise 15 billion yuan for projects such as the expansion of production of lithium-ion batteries for lithium-ion batteries and research and development of new energy vehicles, in order to increase the company’s power battery capacity and solve the production bottleneck of power batteries, thereby guaranteeing Current and future supply of new energy vehicle power batteries. Prior to this, Shanshan Co., Ltd. also issued a plan for increasing revenue, and the company plans to raise RMB 3.4 billion to invest in an annual output of 35,000 tons of lithium-ion battery materials. In addition, there is still a large southeast to raise 2 billion to raise funds for an annual output of 750 million Ah lithium-ion battery energy storage battery construction projects; camel shares will be raised to raise 2 billion yuan for power lithium-ion battery project; polyfluoride increased It invested 600 million yuan to invest in an annual output of 300 million Ah energy-type lithium-ion battery packs.
Brokerage analysts believe that the current rapid growth of new energy vehicle sales, but the battery capacity is still relatively inadequate, the future of China's new energy automotive industry has a huge market space, is bound to stimulate the procurement of batteries, lithium battery demand will maintain rapid and substantial growth.
Although the overall decline in the auto market intensified in the first half of the year, new energy vehicles are thriving. BYD’s net profit in the first half of the year increased by 29.38% year-on-year. Among them, the company's new energy vehicles sold more than 20,000 units, a substantial increase of about 2.6 times year-on-year, accounting for nearly 30% of domestic market share of new energy vehicles.
BYD's insider briefed that in the sales of new energy vehicles, the largest contribution is still "Qin" plug-in hybrid vehicles. "On the whole, BYD's sales this year should be very good, the production capacity is gradually increasing, the sales of new energy vehicles will only be expanded and will not be reduced, 'Qin' has always been full of production, and there is still an order gap. The rapid growth of the BYD SUV 'Tang' will become a bright spot in the passenger car market." BYD expects the company's net profit will increase by 388.54% to 433.83% from January to September this year. BYD said that the performance change was mainly due to the good momentum of rapid growth in the new energy vehicle business in the third quarter.
Dongyuan’s future performance will also maintain a high momentum of growth. It is expected that the company’s net profit will increase by 235% from the same period of last year to 275%, which is mainly due to the rapid growth of the company’s subsidiary Guoxuan Hi-Tech’s lithium battery business. In addition, Tianqi Lithium expects its net profit for the first three quarters to increase by 145.22% to 186.09% year-on-year; Yiwei Lithium's net profit for the first three quarters will increase by 40% to 60%.
According to analysis by industry experts, "In the medium and long term, the improvement of performance and the demand for energy-saving and environmentally-friendly products have made it an inevitable trend for new energy vehicles to replace traditional vehicles. There are multiple support policies, improved supply-side products, and the construction of charging and replacement facilities and consumer willingness to upgrade. Driven by factors, new energy vehicles will continue to maintain high growth this year, and as the industry booms, the supply of lithium battery products will fall short of demand, and companies in the industry will inevitably step up production.
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