Tianqi Lithium Industry's half -year net profit has pre -increased by more than 100 times the stock price but does not rise in the market. What is the market "worrying"?

Before the market today (July 14), the lithium industry giant Tianqi Lithium (SZ002466, a stock price of 128.6 yuan, a market value of 2014.9 billion yuan; HK09696, a stock price of HK $ 82, and a market value of HK $ 235081 billion) disclosed the bright semi -annual performance trailer. In the secondary market, after the opening of the market today, the A -share price of the company's A -share price rose rapidly and fluctuated, and the stock price of Hong Kong stocks fell rapidly after opening.

In the first half of this year, the net profit of Tianqi Lithium was expected to be 9.6 billion yuan to 11.6 billion yuan, an increase of 11089.14%-13420.21%year-on-year. -53549.51%.

The volume and price of lithium products have risen, ushering in cyclical highlights

The business of Tianqi Lithium is divided into two parts: lithium concentrate and lithium chemical industry. It sits in the Western Australian Green Bush Lithium Mine and Sichuan Yajiangcuo Lithium Mine. Layout overseas lithium salt lake resources.

SQM is listed on San Diego and the New York Stock Exchange. Tianqi Lithium said in the performance trailer that according to the aforementioned forecast, SQM's semi -annual performance increased significantly year -on -year, so the company's investment income confirmed by the company during the reporting period has increased significantly compared with the same period of the previous year.

Earlier, Tianqi Lithium revealed that SQM achieved net profit of 796.1 million US dollars in the first quarter of this year, and was converted to about 5.376 billion yuan. As a result, it has increased by about 620 million yuan.

The performance of Tianqi Lithium industry is not without the impact of the high prosperity of the new energy vehicle industry.

"The global new energy vehicle boom has increased, lithium -ion battery manufacturers have accelerated production capacity expansion, and the downstream positive pole materials order recovery and other positive factors. "Tianqi Lithium said in the announcement.

As we all know, the price of lithium products has continued last year since this year, and it still maintains a trend of rising ships. Tianqi Lithium, a source of lithium ore and lithium salt lake resources, has the right to speak in the industry. Taking lithium carbonate as an example, Wind data shows that 99.5%of lithium carbonate in the first half of this year: domestic prices soared from 278,000 yuan/ton at the beginning of the year to 469,000 yuan/ton in the middle of the year.

Picture source: wind

In addition, another reason for the great changes in Tianqi Lithium industry is that its performance base in the first half of last year was low, and the net profit of returned to the mother was only 85.7975 million yuan. With the release of production capacity and the price of product prices, Tianqi Lithium Industry this year will be on this year. He ushered in the highlight of his performance in half a year.

Hong Kong stocks and A -share stock prices have fallen, and the auction price of overseas lithium concentrates has fallen for the first time

In the secondary market, capital's attitude towards Tianqi Lithium is the opposite of its performance.

After the opening of the market today, the A shares of Tianqi Lithium opened lowered at a low of 128.5 yuan per share, and the highest decline in the market exceeded 4.6%. Tianqi Lithium Hong Kong stocks fell rapidly after opening, with a maximum decline of more than 5%.

Today, Mo Ke, the founder and chief analyst of Zhen Lithium Research, told reporters of the Daily Economic News that the reason why the secondary market feedback was that the market has already digested the company's expectations in the first half of the year. The disclosure of the preview of the first half of the year did not work much.

In fact, yesterday was also the first day of the listing of Tianqi Lithium in Hong Kong stocks. The stock price performance was not ideal. The session fell below the issue price for a time. The final closing price was HK $ 82 per share, which was the same as the issuance price. In the A -share market, Tianqi Lithium has continued to fall since the 11th.

On the news, Xu Xiang, the wife of the "Daily Daily Board Dare Dead Team", published a comment on his personal WeChat public account on the 10th, saying that "Tianqi Lithium Industry Davis Double -click has reached its peak, and the price has been overestimated. The stock price of lithium industry and lithium mine sector has caused a certain impact.

From the perspective of industry fundamentals, as a periodic industry, from 2019 to 2020, Tianqi Lithium Industry has also experienced a period of downside and low product prices. Since last year When the historical high, when the price inflection point ushered in the industry, it will attract the attention of the industry, which will also greatly affect the performance of Tianqi Lithium.

The reporter noticed that the price of lithium products has fallen from April, but the decline is not large.

Just yesterday, the auction price of overseas lithium ore also fell for the first time. The Australian lithium miner Pilbara conducted the fourth and seventh lithium concentrate auction in the history of the year. The final auction transaction price was $ 6188/ton from the offshore, which was 2.55%from the transaction price on June 23 last time. Pilbara has fallen for the first time since its auction.

So does this mean that the inflection point has arrived? In this regard, Mo Ke analyzed reporters that it is normal for lithium prices to fluctuate and it is impossible to rise all the time. Now lithium prices are already at a high level, and the psychological limit of the demand party has been The momentum of rising is gradually weaker, and there may be a slight decline in a slight decline, but overall he believes that lithium prices will be at a high level this year.

Daily Economic News

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