Flush data shows that as of July 2, a total of 79 listed companies have released performance forecasts for the first half of 2022, and more than 80% of the companies have positive results.Among them, Tianhua Chaojing, Shengxin Lithium Energy, Midian New Materials, Yahua Group, and Chuan Jinnuo are expected to rank the top five in terms of net profit growth. The net profit of the five companies in the first half of the year is expected to increase by over 300% year-on-year.It is worth noting that many companies with the highest net profit growth rate in the performance forecast are all involved in "lithium" business, and the performance of listed lithium battery companies is outstanding.
One of the main businesses of Tianhua Ultra Clean, the "pre-growth king", is the lithium battery material business. The company's net profit in the first half of the year increased by about 10 times.Tianhua Chaojing announced on the evening of June 29 that the company expects to achieve a net profit of 3.350 billion yuan to 3.650 billion yuan attributable to the parent, a year-on-year increase of 971.70% to 1067.67%; to achieve a net profit of 3.340 billion yuan to 3.640 billion yuan after deducting non-returning to the parent company , a year-on-year increase of 1168.33% to 1282.27%.The company said that during the reporting period, benefiting from the rapid development of the new energy industry and the strong market demand for lithium salts, the company's battery-grade lithium hydroxide shipments and sales volume increased significantly compared with the same period of the previous year, bringing greater profits to the company. contribute.
Also benefiting from the rapid development of the new energy industry and the strong growth in demand for lithium salts from downstream customers, Shengxin Lithium's performance in the first half of the year also increased significantly.The company expects to achieve a net profit of 2.6 billion to 2.9 billion yuan in the first half of 2022, a year-on-year increase of 793.90% to 897.04%; deducting a non-returned net profit of 2.597 billion yuan to 2.897 billion yuan, a year-on-year increase of 880.32% to 993.56%.
Another "lithium" company, Yahua Group, continued its high growth in the first half of the year.According to its performance forecast, the company expects to achieve a net profit of 2.122 billion yuan to 2.372 billion yuan in the first half of this year, a year-on-year increase of 542.79% to 618.52%; net profit after deducting non-returning to the parent company is 2.103 billion yuan to 2.353 billion yuan.The company said that the increase in net profit in the first half of the year was mainly due to the continued recovery of the lithium industry, the continued growth in demand for lithium salt products, and the continued maintenance of high prices of lithium salt products. The company increased the production and sales of lithium salt products to make operating profits obtained substantial growth.
In addition, the performance of phosphorus chemical companies actively entering the lithium battery track has also performed well.Taking Chuanjinnuo as an example, the company expects to achieve a net profit of 173 million to 213 million yuan attributable to the parent in the first half of 2022, a year-on-year increase of 344% to 477%.Previously, Chuanjinnuo threw out a large-scale investment project of 3.9 billion yuan, and officially signed the "Chuanjinnuo New Energy Battery Materials Series Project Investment Agreement" reviewed and approved in December last year with the Guangxi Fangchenggang Municipal People's Government. The investment and construction of supporting projects and lithium iron phosphate projects have been agreed.
Regarding the expected performance of lithium prices, the research report of Zhongtai Securities pointed out that the current demand recovery exceeds expectations, and the tight supply of lithium salts is expected to continue to heat up.On the supply side, it is expected that as the temperature rises, the maintenance of major factories resumes, and the new production line continues to climb, the output will continue to increase month-on-month, but the new supply during the year will be limited as a whole; on the demand side, the impact of the epidemic will diminish, and the recovery of terminal demand will continue. Exceeding expectations, the production schedule of the battery industry chain has increased month by month, and lithium prices are expected to enter a recovery stage within the year.
Some analysts also pointed out that benefiting from the increase in the production and sales of new energy vehicles, the overall performance of lithium battery industry chain companies is expected to be good, but the profit growth of upstream companies of lithium battery raw materials is relatively large.Midstream and downstream power battery manufacturers and OEMs bear relatively large raw material costs. If they cannot transmit cost pressure in a timely manner, performance will grow or be under pressure.
Among the companies with pre-reduced performance and pre-loss in the first half of the year, many companies said they were affected by multiple factors such as rising raw material prices and the provision of large asset impairment reserves.ST Lianjian and Caesar Culture are expected to have a year-on-year loss of more than 100% in net profit, and they are also the two companies with the largest decline in pre-loss in the first half of the year.Among them, ST Lianjian expects a loss of 35 million to 52 million yuan in net profit attributable to its parent in the first half of the year; Caesars Culture expects a loss of 35 million to 60 million yuan in net profit attributable to its parent in the first half of the year.
(Editor in charge: Guan Jing)
