Today (February 22), the three major indexes were collectively sluggish. Less than 900 stocks rose in the two cities, and the sector also fell in a large area. The salt lake lithium extraction sector bucked the trend and strengthened.Mount Everest in Tibetdaily limit,Shengxin Lithium Energy、Bejetan increase of more than 8%,Lanxiao Technology、Tibet Mining、Tibet City InvestmentOther stocks are among the top gainers.
Lithium salt faucet has a daily limit, and tight supply and demand push up lithium prices
last night,Yahua GroupAnnouncement 2021performanceExpress, its mothernet profitIt was 925 million yuan, a year-on-year increase of 185.5%. At the same time, the company also released a performance forecast for the first quarter of 2022, and the net profit attributable to the parent is expected to increase by 1053.67% to 1438.22% year-on-year. According to the report, the substantial increase in performance is mainly due to the growth of civil explosives and lithium salt business. Among them, the demand for lithium industry continues to rise, the price of lithium salt products continues to rise, the company releases production capacity and increases sales, and the sales volume of lithium salt products gradually increases, and business profits are large. magnitude increase.
Boosted by the news,Yahua GroupToday (February 22) opened the daily limit.people’s livelihoodsecuritiesbeforeResearch reportIt is pointed out that the company’s lithium resource layout is progressing smoothly, and a number of shareholding projects are expected to be put into production in 2022. The existing supply channels of lithium resources can meet the production needs of lithium salts in 2022. It is estimated that the company’s net profit attributable to the parent in 2021-2023 will be 983 million, 1.894 billion, and 2.378 billion yuan, respectively. Based on the closing price on January 13, 2022, the corresponding PEs are 26X, 14X, and 11X, respectively. For the first time, the company is given a “prudent recommendation” “Rating.
The performance of the lithium salt leader far exceeded expectations, showing that the prosperity of the lithium resources industry continues to be strong. At present, lithium prices are still advancing all the way.BatteryThe average price of grade lithium carbonate has exceeded 460,000 yuan / ton.Guotai JunanIt is pointed out that fundamentally, the supply and demand of lithium in the short term will continue to be tight, the price of lithium may remain strong, and the concentrate end will be more certain. Although the Ministry of Industry and Information Technology recently proposed to continue to accelerate the development of domestic lithium resources, the increase in lithium supply will not occur within a year (more affecting long-term supply expectations), and it is expected that the spot price of lithium will still be prone to rise and fall in the short term.
The net profit of lithium companies continues to increase at a high rate, and the valuation space is expected to be revised up
With the rapid development of new energy vehicles and energy storage industries, the downstream demand for lithium salts has grown strongly. Under the background that lithium prices continue to strengthen, lithium resource companies have collectively benefited. Judging from the 2021 performance forecasts that have been released so far, listed companies are generally pre-happy, among which,Shengxin Lithium Energy、Mount Everest in TibetIt is expected that the net profit attributable to the parent will increase by more than 20 times year-on-year.Zangge MiningThe performance has exceeded the forecast by 5 times.Tibet Mining、Ganfeng Lithium Industry、Made by Kodak、Huayou Cobalt、Tianqi Lithium Industry、Western MiningThe performance is expected to exceed 2 times.
The performance of lithium resource stocks has been fulfilled as scheduled, and the market is also concerned about whether the industry profits can continue.China GalaxysecuritiesIt is believed that judging from the announced 2021 annual report forecast, the performance of leading companies in the lithium industry will begin to release significantly from the fourth quarter of 2021, whileIn 2022, the lithium industry will remain prosperous, and lithium prices will remain strong and continue to rise, making the performance of leading lithium companies high.superimposing the callback of the previous share price of the lithium sector, the current valuation and investment of the lithium sector is cost-effective, and it is in the leading position.Ningde eraAfter the stock price drives the overall stabilization of the lithium battery sector, the lithium sector supported by fundamentals and valuations may usher in a strong rebound.
For the current block logic,Guotai JunansecuritiesIt is pointed out that due to the rigid supply shortage caused by the rapid development of industry demand, the price of lithium is reflected in its continuous new highs and the long-term sustainability of prices in high-level fluctuations, as well as the downward extension of high-level prices.Return to high profits for lithium companiesChangheLong-term, in order to reverse the industry’s general perception of lithium “traditional cyclical products”, so that the market will go up to give the sector a higher valuation space。
In terms of core targets of the lithium industry,Sinolink SecuritiesIt is believed that the definite supply and demand gap of lithium mines in 22 and 23 years will be difficult to alleviate significantly in 24 and 25 years. The continuity of supply and demand mismatch in this round will exceed expectations, and continue to be optimistic about the investment opportunities in the lithium sector. The focus is on the idea of ”performance + growth”.Focus on companies with resources, processing capacity and future growth, leading companiesTianqi Lithium IndustryGanfeng Lithium Industrythe elastic targetYongxing Materials、Shengxin Lithium Energy、Made by KodakWait.
(Article source: Financial Associated Press)