Everbright Securities: The current round of industry clearance or the lithium carbonate sector may be gradually increased
Everbright Securities released a research report saying that considering that several well-known Australian mines have stopped production and reduced production since the beginning of 2024, while leading companies in the industry have reported losses in a single quarter, this round of industry clearance may have begun.
Reduce simply expand production capacity! Lithium battery “supply-side reform” is here, who is next?
① The Ministry of Industry and Information Technology publicly solicits opinions on the regulations and administrative measures for the lithium battery industry and announcements (draft for comments). ② Regarding “reducing and simply expanding production capacity”, it has attracted attention in the industry chain. In fact, the first edition was released as early as 2015, there are relevant requirements; ③ Compared with the old version, there are more detailed index requirements for the performance of battery products, and the battery energy density requirements have increased markedly.
Hong Kong Stock Concept Tracking | The Ministry of Industry and Information Technology plans to guide lithium battery companies to reduce manufacturing project institutions that simply expand production capacity, are optimistic about stabilizing prices in
The Ministry of Industry and Information Technology plans to guide lithium battery companies to reduce manufacturing projects that simply expand production capacity
Changes in Hong Kong stocks | Comments on the new lithium battery industry specifications Ganfeng Lithium (01772) rose more than 4% Tianqi Lithium (09696) rose more than 3%
Lithium stocks were higher in early trading. As of press release, Ganfeng Lithium (01772) rose 4.01% to HK$25.95; Tianqi Lithium (09696) rose 2.71% to HK$32.2.
Tianqi Lithium (002466.SZ): In 2023, high profit at the Wenfield level due to the high sales price of lithium ore was achieved in the first quarter of 2024, resulting in higher profit and loss for minority shareholders in the first quarter of 2024
On May 8, GLONGHUI | Tianqi Lithium (002466.SZ) said on the investor interactive platform that the company holds 51% of TLEA's shares and controls TLEA; TLEA holds 51% of Wenfield's shares. The company controls Wenfield through its holding subsidiary TLEA and indirectly holds 26.01% of Wenfield's shares, with minority shareholders holding the remaining shares. When the company achieved external sales of lithium products at the merger level, minority shareholders enjoyed Wenfield's gross profit from selling lithium ore to Tianqi Lithium's lithium compound production base according to the shareholding ratio. Vinfield level due to the high price of lithium ore in 2023
A quick look at the Hong Kong market | Most of Kewang stocks and domestic housing stocks declined. Xiaomi reversed the market and rose more than 6%, and Vanke fell nearly 7%
Most auto stocks declined; Xiaopeng fell more than 6%, ideally nearly 5%; coal stocks improved, China Coal Energy rose nearly 5%, and Yankuang Energy rose more than 4%; large financial stocks weakened, and CICC Securities, and Ping An of China fell about 4%.
Ministry of Industry and Information Technology Seeks Comments: It is intended to guide lithium battery companies to reduce manufacturing projects that simply expand production capacity
The draft for solicitation of comments mentions guiding enterprises to reduce manufacturing projects that simply expand production capacity, strengthen technological innovation, improve product quality, and reduce production costs.
Express News | The Ministry of Industry and Information Technology publicly solicits opinions on the regulatory conditions and administrative measures for the lithium battery industry (draft for comments)
Guolian Securities: The lithium battery equipment industry is expected to usher in a boom after the domestic market is phased out
Guolian Securities believes that it is currently at the bottom of the main lithium battery industry chain. After experiencing this round of industry adjustments, advanced production capacity in the market is still insufficient, and against the backdrop of continued growth in terminal demand, leading domestic lithium battery companies may restart and expand production in order to consolidate their market share.
Big Bank Rating | Citibank: Raise Tianqi Lithium's rating to “buy” and raise the target price to HK$42
Gelonghui, May 8 | Citibank released a report stating that according to Tianqi Lithium's performance in the first quarter of this year, it is estimated that the company will achieve profits in the second half of this year, mainly due to the possibility that high-cost spodumene stocks may be consumed from the first quarter to the second quarter of this year; the one-time impact of SQM, which holds about 22% of its shares, due to tax claims, has limited impact on cash flow throughout the year. However, the agreement between SQM and Codelco is uncertain. The bank lowered Tianqi Lithium's net profit forecast for this year from the original forecast of 3.3 billion yuan to a loss of 1.8 billion yuan to take into account SQM's one-time investment income loss
Express News | Everbright Securities: The profit of the lithium battery sector showed signs of steady improvement in the first quarter
Lithium batteries have brought a benefit
Marginal improvement
Changes in Hong Kong stocks | Tianqi Lithium (09696) fell by more than 4%, high-priced inventory and SQM tax orders bottomed out Q1 profits. Institutions indicate that industry clearance has not yet begun
Tianqi Lithium (09696) fell by more than 4%. As of press release, it was down 4.04% to HK$32.1, with a turnover of HK$51.426,800.
Changes in Hong Kong stocks 丨 Tianqi Lithium surged more than 8%, receiving a rating upgrade from Citi to a purchase
Gelonghui May 3 | Tianqi Lithium (9696.HK) surged more than 8% to HK$34.5. According to the news, Citi raised Tianqi Lithium's stock rating because it is expected that the lithium product manufacturer will turn a loss into a profit starting in the second half of this year, and the ratings for both A shares and H shares have been raised to buy.
Express News | Citi raised Tianqi Lithium's stock rating because it is expected that the lithium product manufacturer will turn a loss into a profit starting in the second half of this year, and the ratings of both A shares and H shares were raised to buy.
Express News | Citibank: The rating of Tianqi Lithium was upgraded to a purchase, and profits are expected to begin in the second half of the year.
Express News | Citibank: Upgraded Tianqi Lithium's Hong Kong stock rating to purchase, with a target price of HK$42; upgraded Tianqi Lithium's A-share rating to purchase, with a target price of $48.
Tianqi Lithium Chairman Passes On Board Leadership to Daughter
Tianqi Lithium (HKG:9696, SHE:002466) Chairman Jiang Weiping will resign to give way to his daughter, Jiang Anqi, according to a Monday filing with the Hong Kong bourse. Jiang Anqi has been the vice c
Tianqi Lithium (002466): Q1 profit bottomed out due to high inventory prices and SQM taxes
Net profit to mother was achieved in 24Q1 - 3.9 billion yuan, which is in line with market expectations. Q1 revenue for 2014 was 2.59 billion yuan, a decrease of 77%, a year-on-year decrease of 64%, net profit to mother of 3.90 billion yuan, a decrease of 180%,
Tianqi Lithium changed hands at a low point, and “post-85” second-generation Jiang Anqi took the helm of a 60 billion listed company
Jiang Anqi, the daughter of founder Jiang Weiping, took over as chairman of Tianqi Lithium.
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