The air raid caused the market value to evaporate by 90 billion yuan in a single day Ningde era: The online consultation was sanctioned untruely

On February 8, in response to the online transmission of information such as "NINGDE Times is seeking help from professional institutions in the United States and consulting the possibility of its sanctions by the United States", the reporter of Securities Daily first asked NINGDE Times for verification. The company responded: "The matter of the online transmission company consulting the US agency about the possibility of sanctions is false information." ”

Despite this, the stock price of the NINGD era was still affected by the above negative news. Following the sharp decline on February 7, the stock price of NINGDE Times continued to weaken in the early trading of February 8, falling 9.94% at one point during the session. As of the close of trading on February 8, the stock price of CATL closed at 540.86 yuan, a decline of 6.66%, with a turnover of 11.167 billion yuan, a total market value of 1.26 trillion yuan, and a single-day market value of about 90 billion yuan.

According to public information, CATL landed on the A-share market on June 11, 2018, with an issue price of 25.14 yuan per share and an opening price of 30.05 yuan per share on the first day of listing. On December 3, 2021, the stock price soared to 692 yuan per share. If calculated by the opening price on the first day of listing, its stock price has soared by 2203% in more than 3 years, and the company's market value once exceeded 1.6 trillion yuan, becoming the largest weighted stock on the ChiNext board.

In the global power battery loading list, CATL has ranked first for five consecutive years.

In January this year, CATL issued a performance forecast, and it is expected that the net profit attributable to the shareholders of listed companies will be in the range of 14 billion yuan to 16.5 billion yuan in 2021, and the year-on-year growth rate will be 150.75% to 195.52%, which is the best profitability level since the establishment of the company.

For the reasons for the growth of performance, CATL believes that there are three main aspects. First, the penetration rate of new energy vehicles and energy storage markets will increase in 2021, driving the growth of battery sales; Second, the company's market development has made progress, new production capacity has been released, and production and sales have increased accordingly; Third, the company strengthened the control of expenses, and the proportion of expenses to revenue has decreased.

Surprisingly, the eye-catching performance was not exchanged for a rise in stock prices, but an accelerated decline. In the past two months, the stock price of the Ningde era has fluctuated and fallen, with a cumulative decline of more than 23%, and the market value has evaporated by nearly 400 billion yuan.

Some analysts said that from the current market share, installed capacity and profits, although the Ningde era has come out on top, in the context of the good sales situation of new energy vehicles, more and more competitors have begun to enter the game and participate in the division of market share.

On January 27, LG New Energy, the "nemesis" of the Ningde era, was listed on the Korea Stock Exchange, and the stock price rose by 99% after the opening. Prior to this, LG New Energy CEO Quan Yingshou once said bluntly: "We expect the company's global market share to surpass the CATL era and become the world's first." ”

In addition, the Ningde era also faces the squeeze of domestic competitors such as Guoxuan Hi-Tech and AVIC Lithium Battery. Statistics show that in the first 11 months of 2021, the cumulative installed capacity of Guoxuan Hi-Tech's global power battery reached 5.3GWh, with a market share of 2.1%, an increase of 167.4% year-on-year. In the same period, the cumulative installed capacity of AVIC lithium batteries in the world reached 6.8GWh, with a market share of 2.7%, an increase of 155.2% year-on-year.

In addition, vehicle manufacturers are also gradually aware of the importance of power batteries, from BYD power battery business, to Great Wall Motors to cultivate honeycomb energy, etc., more and more vehicle manufacturers began to cultivate, or bind their own power battery manufacturers. Among them, BYD's domestic market share in 2021 has reached 16.2% under the background that blade batteries are temporarily not supplied to other vehicle manufacturers.

"Although the Ningde era still maintains a leading position in the industry, BYD's blade battery, the Korean four-yuan battery, and Tesla's self-produced battery plan have made the Ningde era fully feel the sense of urgency of 'wolf coming'." Zhongguancun New Battery Technology Innovation Alliance Yu Qingjiao told the Securities Daily reporter.