In three minutes, new shares 丨 Lithium ion battery material company Ruitai New Materials, logged in

Ruitai New Materials, one of the leading suppliers of lithium ion electrolytes, will land on the GEM on June 8. The stock code will be 301238. It is expected to issue 25.67 million shares online, and the price per share is 19.18 yuan.

Ruitai New Materials is mainly engaged in the research and development, production and sales of new chemical materials such as lithium -ion battery materials. According to the point of view of many brokerage firms, there are three main characteristics of the New Stocks New Materials:

New Stock Features 1:

Breakthrough production capacity bottlenecks, industry status, industry status, industry status stable. Ruitai New Materials is the leading person in the lithium -ion battery material industry, and has certain advantages in R \u0026 D, production, sales and other aspects. By accumulating technology accumulation in the industry for many years, the company has grasped the important technologies required for the manufacturing and production of lithium ion battery electrolytes and related materials, break through the bottleneck of production capacity, and consolidate the market leading position. The company's electrolyte business capacity utilization rate generally shows an upward trend. With the expansion of its subsidiary Ningde Huarong and the production capacity of Poland, the company's overall production capacity will continue to improve, the product structure will continue to be optimized, and the company's industry status will be further consolidated.

New Share Characteristics 2:

Work closely with well -known suppliers and stable customer resources. The upstream suppliers of Ruitai New Materials are mainly large -scale chemical and trade companies or large -scale chemical groups. Due to the strong downstream demand in 2021, the company used long -term stable cooperative relationships with major suppliers to purchase raw materials at more preferential prices to reduce production costs. The number of downstream customers in Ruitai New Materials and stable cooperation. The company has entered the provider sequence of head manufacturers such as LG Chemistry, Ningde Times and New Energy Technology, and established long -term and stable cooperative relationships with customers such as Yimei Energy and Panasonic.

New Share Characteristics 3:

The detonation needs of new energy vehicles in the industry continued to expand. Ruitai New Materials is one of the leading companies in the lithium -ion battery material industry. It has benefited from the rapid development of the downstream new energy vehicle industry and the demand for the power battery electrolyte market has expanded sharply.

Shen Wanhongyuan Securities is expected to be shipped in 2025 and 2030, the domestic lithium -ion battery electrolyte shipments will reach approximately 1.839 million tons and 4.662 million tons, respectively. It is expected that by 2035, pure electric vehicles will become the mainstream of new sales vehicles. The cost of batteries is continuously declining, and the penetration rate of new energy vehicles will be improved. The lithium -ion battery material industry is expected to continue to improve, and the market share will gradually concentrate on head enterprises.

Operating income The company achieved operating income of 1.657 billion yuan, 1.815 billion yuan, 5.203 billion yuan in 2019-2021, with a growth rate of growth, a growth rate In order 27.97%, 9.55%, 186.66%,; the net profit attributable to mother to a net profit was 177 million yuan, 257 million yuan, and 602 million yuan, and the growth rate was 97.26%, 45.49%, and 134.10%. 100 million yuan, an increase of 150.84%year -on -year; net profit attributable to mother was 288 million yuan, a year -on -year increase of 254.67%. According to the company's preliminary forecast, the company's net profit is expected to increase by 215.66%-244.89%year-on-year in the first half of 2022.

In the same industry, it is mainly comparable to listed companies, including Tianci Materials, New Zongbang and Shanshan shares, all of which are lithium -ion battery materials leading companies. From the perspective of comparable companies, the average income of the company in the same industry was 12.914 billion yuan, with an average gross profit margin of 31.83%, and the average price -earnings ratio was 17.10 times. At present, although the company's production scale and gross profit margin still have a certain gap compared to other peers, the growth rate of income scale is at a high level of the industry.

New shares risk reminder: It needs to be noted that the new material of Ruitai needs to be alert to the price fluctuations of the main raw materials, the customer concentration is high, the concentration The technical route changes and the risk of changes in the new energy vehicle industry support policy.

(The content of this article comes from the licensed brokerage report, which does not constitute any investment advice, nor does it represent the platform point of view. Investors are requested to judge and decide independently.) [123 123 ]

- END -