On October 14, the popular stock Jiangte Motor was pressed on the fall stop board almost all day, as a lithium mine leader whose stock price rose by more than 20 times, what happened to this treatment?
The reported net profit increased by 64 times, and the stock price rose more than 20 times in a year and a half
According to the data, Jiangte Motor is mainly engaged in the integrated production of lithium mica mining and smelting and the production and sales of special motors, etc., which is currently the largest lithium ore reserves and the largest lithium production capacity of lithium mica.
Since last year, benefiting from the continuous outbreak of downstream new energy vehicles, the demand for lithium batteries and lithium mines has increased, and the price of lithium carbonate has continued to rise, which has affected the company's lithium carbonate business to grow significantly.
According to the reported performance, Jiangte Motor achieved a net profit attributable to the mother of 181 million yuan in the first half of 2021, a year-on-year increase of +6442%, and achieved a non-net profit of 158 million yuan, a year-on-year increase of +34706.99%.
Because of this, the stock price of Jiangte Motor soared.
The data shows that from the beginning of the year to September 14, jiangte motor stock price soared by 719%; if calculated from the low point of May last year, the maximum increase was more than 20 times.
There are uncertainties about the lithium carbonate production target
Although the stock price has soared all the way, in fact, in August, Jiangte Motor has issued an announcement that although the company's lithium ore resources are relatively rich, but due to the limited mining capacity, large reserves of mines "exploration and mining" work cycle is long and the market raw material procurement is tight and other factors, the company to achieve this year's lithium carbonate production target There is uncertainty.
In addition, the price of raw materials continues to soar, but also to the downstream vehicle companies to bring a lot of cost pressure, so some of the market believes that this may suppress the enthusiasm of downstream new energy vehicles, superimposed Jiangte motor stock price has been high in the cloud, uncertain situation, funds have the demand for cash profits, these may be the reason for the recent stock price correction of Jiangte Motor.
Institutional perspective
Huachuang Securities believes that the recent lithium concentrate and lithium salt prices have continued to rise sharply, and it is expected that October will continue to refresh the record high. In the short term, the price increase reflects the tight supply, and the record high of lithium prices may only be a new starting point.
In the medium term, the rapid growth of demand driven by new energy vehicles and the slow release of supply will aggravate the supply gap, and the upward trend of lithium prices will not change. In the long run, the rapid growth of New Energy Vehicle sales in China in the future is more certain, the demand for lithium nickel, cobalt and copper foil can be expected, and lithium ore is limited by resources or continues to have a gap.
Tianfeng Securities pointed out that among the two major demands for lithium salts, the peak season for new energy vehicles is Golden Nine Silver Ten, while the peak season of 3C is the second half of each year.
If downstream enterprises purchase one month in advance, the peak season for lithium salt is From August to November. Lithium salt can be put in the fourth quarter of the project is limited, the production of salt lakes in Qinghai Tibet region due to seasonal factors will begin to decline, the situation of short supply will be intensified, lithium salt prices in the new lithium resource projects began to large-scale release before the start of large-scale increase, it is expected that lithium prices may appear in the first quarter of 2022.