(Original title: Sector changes | The prosperity of the lithium battery industry chain continues to rise in the lithium battery sector)
Zhitong Finance APP was informed that on February 15, affected by the continuous news of the prosperity of the lithium battery industry chain, the A-share lithium battery sector rose during the session. .SH), China Mining Resources (002738.SZ), Xingyuan Materials (300568.SZ), Tianna Technology (688116.SH), Zhongke Electric (300035.SZ), Ningde Times (300750.SZ), Tianci Materials (002709.SZ) and other stocks rose.
Securities Times e company believes that the fundamentals of the lithium battery industry have not changed, and the industry chain is optimistic about the prosperity in the long run. Continue to pay attention to the midstream segment with a better competitive landscape, and be optimistic about leading companies with cost advantages and performance advantages: 1) Lithium battery manufacturers: The cost is expected to be transferred to the downstream OEMs, and the expected inflection point of profit is beginning to appear; 2) Lithium battery copper foil track: supply The gap is very certain, and leading companies are expected to benefit first; 3) Diaphragm track with better competitive landscape and profitability: The gross profit margin of leading diaphragm companies has remained above 40% in the past three years, and the top companies are full of production and sales, rigid Under the production expansion cycle, the leader will give priority to benefiting from the growth of the demand market. With the advancement of overseas electrification, the increase in the proportion of the company’s overseas customer structure is expected to further increase profitability; 4) Cathode & Precursor: The growth rate of production and sales is considerable, and there is room for future demand for lithium iron phosphate Open, the trend of high nickelization of ternary cathodes is clear, leading enterprises are actively expanding production to seize the market share of high-end precursors; 5) Electrolyte track: With the expansion of electrolyte production, the market is worried about its periodicity. The company has benefited from long-term orders, and the impact of price disturbances in 2022 will be subdued, and the cost and profit advantages will be further highlighted by adding new lithium salt business; With the boom in production and the rapid growth of overseas demand, major lithium battery manufacturers are accelerating their deployment in Europe, and China’s leading lithium battery equipment companies will gain new demand growth points.