Product price increases can best improve the company's performance and further boost stock price performance.
In the past year, various commodities have risen in turn. With the disclosure of the 2021 annual report and the first quarter of 2022, the industry's high prosperity and performance forecast are the key mining objects.
Recently, many products have risen in price, which points are worth paying attention to?
(Image from Helo)
Price increases boost performance //
On the evening of April 6, Xuetian Salt Industry, Keda Manufacturing and other companies announced performance forecasts: in the first quarter of 2022, the company's main products rose in volume and price, and the net profit growth rate is expected to exceed 100%.
Xuetian Salt expects net profit in the first quarter of 2022 to increase by 83.56 million yuan to 93.56 million yuan year-on-year, an increase of 148% to 166% year-on-year.
The main reason is that the company's operation is stable, production and sales are booming, the volume and price of major products have increased, and profitability has increased year-on-year.
Koda Manufacturing expects net profit to increase by approximately RMB709 million in the first quarter, an increase of approximately 371.91% year-on-year.
Mainly due to the rise in the market price of lithium carbonate products, the net profit of Qinghai Salt Lake Lanke Lithium Industry Co., Ltd., a subsidiary of Keda Manufacturing Co., Ltd., rose sharply year-on-year, bringing a significant increase in investment income.
It is reported that at the beginning of 2021, the price of lithium carbonate is less than 50,000 yuan / ton; by the beginning of 2022, the price will rise to 250,000 yuan / ton. At the end of the first quarter of this year, it has exceeded 500,000 yuan / ton, and the maximum increase in lithium carbonate is more than 10 times.
On the evening of April 6, Oriental Zirconium announced that the company has raised the sales price of related zirconium products since April 7, 2022: zirconia products (including masterbatch) by 500 yuan / ton; zirconia products by 1500 yuan / ton. At the same time, the price of the company's other zirconium series products will be adjusted synchronously.
Coal Meets the Wave of Performance //
In terms of A-shares, the resource stocks carried the banner of leading the rise, and the "coal super crazy" threatened.
Benefiting from the rise in coal prices, the coal sector is the brightest sector this year, with the Shanghai index falling nearly 11.07%, and the industry index rose 25.32% against the trend.
On the evening of April 6, Shaanxi Coal Industry announced that it expects to achieve a net profit attributable to shareholders of listed companies in the first quarter of 2022 of 5.1 billion yuan to 6 billion yuan, an increase of 1.727 billion yuan to 2.627 billion yuan compared with the same period last year, an increase of 51.22% to 77.91% year-on-year.
In the first quarter of 2022, affected by the market supply and demand, coal prices ran at a high level, and the company's coal prices rose year-on-year, resulting in a large year-on-year increase in the company's performance in the current period.
With the disclosure of the 2021 annual report and the first quarter of 2022, performance growth is expected to re-become the core focus of the market, and the "performance wave" market is expected to be staged.
Wind data shows that in the 2021 annual performance, of the 26 coal stocks, only Cloud Coal Energy lost money, Shanghai Energy declined slightly, and the performance of the other 24 coal companies achieved substantial growth.
Among them, Haohua Energy, Yitai B shares, Shaanxi Black Cat, Orchid Kechuang, Shanmei International, Jinkong Coal, Meijin Energy, Jizhong Energy, Lu'an Environmental Energy, ST Dayou, and Baotailong increased by more than 200%.
In the first quarter of 2022, the performance of 6 companies that announced performance forecasts all achieved growth.
Proprietary Chinese medicines usher in a wave of rising prices //
According to incomplete statistics, recently Guangyuyuan, Tongrentang, Jiuzhitang, Yunnan Baiyao, Taiji Group, China Resources Sanjiu and other enterprises have announced increases in the price of some products.
On April 1, Guangyuyuan implemented a new price for its boutique Angong Niuhuang Pill products: Angong Niuhuang Pill (double natural iron box 3g pills×1 pill / box ×6 boxes) 5880 yuan / box; Angong Niuhuang Pills (double natural wooden box 3g pills × 1 pill / box ×2 boxes) 3360 yuan / box; Angong Niuhuang pills (double natural wooden box 3g pills×1 pill / box ×6 boxes) 10080 yuan / box.
Guangyuyuan said that the price increase was mainly due to the rising prices of raw materials for Chinese medicinal materials such as beef yolk and musk.
Tongrentang said that the reason for the company's sales price of Its Angong Beef Yellow Pills (3 grams * pills / box) from 780 yuan to 860 yuan is due to the increase in the price of Chinese medicinal materials such as natural ox yellow and musk.
Jiuzhitang raised the supply price or suggested retail price of 21 proprietary Chinese medicines such as Angong Niuhuang Pill, Liuwei Dihuang Pill and Xiaoyao Pill, with a price adjustment range of 6%-30%.
The ex-factory price of Yunnan Baiyao (powder) products of Yunnan Baiyao, the oral liquid of Huoxiang Zhengqi of Taiji Group, and the ex-factory price of Angong Niuhuang Pill under China Resources Sanjiu have all increased.
From the current situation, the price increase of proprietary Chinese medicines is the increase in the price of Chinese herbal medicines, followed by the reduction of production in the place of origin, while the national quality requirements for Chinese herbal medicines have increased and the cost of products has been increased.
Wind data shows that as of April 7, a total of 213 companies disclosed their first quarter 2022 performance forecasts, and 183 companies were pre-happy, with a pre-happiness rate of 86%.
From the perspective of plates, the pre-approval rate of materials, capital goods and pharmaceutical industries ranked in the top 3. Among them, the number of medical pre-favors reached 18.
New energy vehicle companies have increased prices //
Since 2022, nearly 20 new energy vehicle companies have announced price increases, involving nearly 40 models, with price increases ranging from 2,000 yuan to 30,000 yuan.
In fact, as early as the end of 2021, Tesla experienced multiple rounds of price increases, and even in March there were two consecutive upward price adjustments.
Among them, model 3 and Model Y models have different degrees of price increases, the amount is between 14,000 and 28,000.
In March this year, Xiaopeng raised prices for the second time this year, with each model rising by 10,000-20,000 yuan; BYD rising by about 3,000-6,000 yuan; ideal, Nezha, zero-run, Wuling and other new energy models have different increases in price.
The latest news, The price increase of Extreme Kr began on May 1; Weilai has not raised prices at present, but according to the price of raw materials, the price increase of Weilai is almost certain.
The main reason is that ternary and lithium iron phosphate batteries have increased significantly.
In addition to new energy vehicles, traditional fuel vehicles also have the impulse to increase prices.
Recently, the Internet circulated a price list suspected of adjusting the price of the models under the Mercedes-Benz brand. The information shows that a number of new cars under the Mercedes-Benz brand have begun to increase in price, mainly imported cars, including some domestic models. Among them, the highest price increase is the Mercedes-Maybach GLS600, with an increase of up to 121,000 yuan.
A large number of product price increases are coming //
On April 6, some investors asked Fuji-Lai whether there was a price increase in chemical products. Fuji-Lai said on april 7 on the investor interactive platform that some chemical products have increased prices.
With the economic recovery, in the past year, various commodities have risen in turn: black, nonferrous metals, chemicals, agricultural products, building materials, food, automobiles, Traditional Chinese medicine and other price increases.
Under the pro-cyclical investment environment, price increases have always been one of the theme investments of A-shares. What other varieties have recently increased their prices?
1. Carbon black
With the promotion of new energy vehicles, lithium batteries have become the most important application scenarios for conductive carbon black.
Lithium-ion batteries require conductive agents to have excellent conductivity, low density, stable structure and chemical properties, etc., conductive carbon black not only meets the characteristics of conductive agents that do not participate in redox reactions in batteries and has high acid and alkali corrosion resistance, but also has the characteristics of low cost and light weight.
Data show that since the end of March, the average price of the carbon black market has been raised by 884 yuan / ton, reaching 9866 yuan / ton. At present, the mainstream of N330 is around 9400-9800 yuan / ton, and the higher intention is 10000 yuan / ton.
2. Polysilicon
On April 6, according to the data of the silicon industry branch, due to the relative shortage of silicon supply, the domestic polysilicon price rose slightly this week, and the average transaction price increased by about 0.3%. Since the beginning of this year, domestic polysilicon prices have risen for twelve consecutive weeks.
Experts said that the continuous high price of silicon materials in the first quarter was mainly caused by the rapid expansion of photovoltaic downstream production capacity, while the structural differences in polysilicon trading further boosted the price of silicon materials.
The Silicon Industry Branch expects that by the end of 2022, the domestic polysilicon production capacity will reach 860,000 tons / year or more, an increase of 340,000 tons / year over the previous year.
CITIC Securities expects that in the second quarter, as the new silicon production capacity begins to contribute to the increase, the supply chain pressure will gradually ease.
3. Cemented carbide
Affected by the rise in tungsten prices, Sinovel Precision, Zhangyuan Tungsten, Zhu hard group and other companies have announced that they have raised the prices of some cemented carbide products since April, which is the second collective price increase of cemented carbide products since the middle of January this year.
4. Cement
In the first quarter, the project started intensively, and the investment in many places harvested "opening red", indicating that the demand for cement will gradually appear in the future.
From April 5 to 6, some major manufacturers in Chongqing will adjust the price of cement to the main city and the northwest market of Chongqing by 100 yuan / ton.
5. Cultural paper
Recently, many cultural paper mills have issued price increase letters again, announcing an increase in the ex-factory price of a variety of cultural paper products.
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