The semi-annual performance forecast disclosed by Yahua Group on the evening of June 6 shows that the company expects its performance in the first half of the year to increase by more than five times year-on-year. In the context of high consolidation of lithium salt prices, the performance of the lithium mine sector is expected to continue to improve. On June 6th, a number of lithium mine leading stocks including Yahua Group, Tianqi Lithium Industry and Shengxin Lithium Energy set off a daily limit. The agency pointed out that the price of lithium salt is expected to exceed the 500,000 yuan/ton mark again.
The performance in the first half of the year was "bursting"
The performance of Yahua Group in the first half of the year can be described as "bursting". The performance forecast shows that the company expects to achieve a net profit of 2 1.22 billion yuan-2.372 billion yuan in the first half of the year, with a year-on-year increase of 542.79%-61.8.52%; After deducting non-recurring gains and losses, the net profit is 265.438+0.03 billion yuan to 2.353 billion yuan.
Image source: company announcement
It is worth mentioning that, on the basis of the net profit of 65.438+0.22 billion yuan in the first quarter, Yahua Group's performance in the second quarter has further accelerated, and it is estimated that the net profit in a single quarter will reach 65.438+0.10.35 billion yuan, a year-on-year increase of 336.32% to 435.48%, a record high. The net profit after deducting non-recurring gains and losses is 65.438+0.88 billion yuan-65.438+0.38 billion yuan.
Image source: company announcement
The company said that the main reason for the sharp increase in the semi-annual results in 2022 compared with the same period of last year was that during the reporting period, due to the continuous recovery of the lithium industry, the demand for lithium salt products continued to increase, and the price of lithium salt products continued to remain high. The company seized the market opportunity, increased the production and sales of lithium salt products, and the operating profit increased substantially.
According to public information, the company currently has an annual capacity of 43,000 tons of lithium salt, including 33,000 tons of lithium hydroxide and 6,000 tons of lithium carbonate. The second phase of 30,000 tons of lithium hydroxide in Ya 'an is expected to be put into production by the end of 2022, and the third phase is planned to be 20,000 tons of lithium hydroxide and 1. 1.000 tons of lithium chloride. Many lithium concentrates are locked in the upstream of the company. At present, the lithium concentrate underwritten and guaranteed is10.2 million tons/year in catherine, and the total underwriting capacity will reach 500,000 tons/year in the future.
Image source: Guo Jin Securities
It is worth mentioning that the "bursting" performance of Yahua Group in the first half of the year reflects the prosperity of the entire lithium mine sector. In the case that the contradiction between supply and demand is difficult to alleviate in the short term, the price of lithium salt is consolidating at a high level, and the performance expectation is constantly improving, which is strongly favored by funds. On June 6, the lithium mine index rose by 8.59%, and Yahua Group, Tianqi Lithium Industry and Shengxin Lithium Energy all had daily limit.
Among them, the list of dragons and tigers disclosed by Yahua Group after hours shows that the company bought one, two and three seats for institutions, with a total purchase amount of 264 million yuan.
Yahua Lithium Industry specializes in the research, development, manufacture, sales and trade of lithium salt products, and now has a comprehensive production capacity of 43,000 tons of lithium salt products. It is one of the major suppliers of lithium salt products in the world. 202 1 annual output of 50,000 tons of battery-grade lithium hydroxide, 1. 1 10,000 tons of lithium chloride and its products started construction. After the project is completed, the comprehensive production capacity of Yahua Lithium Industry will exceed 65,438+
The price of lithium salt rose again.
It is worth noting that recently, with the acceleration of resumption of work and the recovery of downstream demand, the price of lithium salt has resumed its upward trend, rising for the third consecutive week. According to the data, last week, the domestic battery-grade lithium carbonate price closed at 468,500 yuan/ton, up 0.2% during the week; The price of lithium hydroxide closed at 46.75 yuan/ton, which remained stable.
Image source: Pacific Securities
At the beginning of April this year, the price of lithium salt once exceeded 500,000 yuan/ton. However, due to the previous epidemic, the sales of new energy vehicles once "turned off" and the price of lithium salt also fell to a high level, once falling to around 450,000 yuan/ton. As the price of lithium salt enters the rising channel again, many brokers predict that the price of lithium salt will once again exceed 500,000 yuan/ton, and the annual price is expected to fluctuate around 550,000 yuan/ton.
At the same time, many brokers believe that after three rounds of price increases for new energy vehicles and the help of current policies to stimulate automobile consumption, the transmission of lithium salt prices to downstream costs is smoother.
In addition, TF Securities pointed out that whether the lithium carbonate futures fell sharply in March or the demand was sluggish in April, the price of lithium salt far exceeded market expectations, which was essentially different from the artificially high price of lithium salt recognized by the market in the past. With the recovery of demand in May, the price of lithium rose slowly, and the current price of lithium salt reflects the actual relationship between supply and demand.
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