BK0373 Cobalt Concept
- 1099.634
- +0.526+0.05%
Strong inflow of foreign capital is another trend vane: Middle Eastern tycoons increase their presence in China, and multinational sovereign wealth funds continue to lay out A-shares
① The Abu Dhabi Investment Authority and the Kuwait Investment Authority held a large number of A-share listed companies in the first quarter; ② the Middle East Sovereign Fund also stepped up research on A-shares ③ Other overseas sovereign wealth funds are increasing their layout in the Chinese market.
Buck the trend and buy mines! Ganfeng Lithium added 2.5 billion yuan to “finger” African lithium mines
① Ganfeng Lithium announced that the subsidiary plans to acquire the remaining 40% of Mali Lithium's shares for 340 million US dollars (about 2.5 billion yuan); ② This transaction will help the company obtain the right to operate and manage the Goulamina spodumene mine project. According to calculations, the company will invest a total of about 4 billion yuan to win 100% of Mali Lithium's shares.
Production of the two major mines in the Democratic Republic of the Congo (DRC) hit a record high in a single quarter, and the net profit of the Luoyang Molybdenum industry increased more than fivefold in Q1 | Financial Report Interpretation
① Luoyang Molybdenum's Q1 net profit increased more than fivefold; ② KFM and TFM production of the two major copper-cobalt mines in the Democratic Republic of the Congo (DRC) reached record highs in the first quarter.
After standing on the “cusp”, Tianqi Co., Ltd. Q1 Weiying's overseas smart equipment orders surged, but the lithium battery business was still losing money
① Compared to the popularity of the secondary market, the company's performance was tepid. Last year's revenue and net profit both declined, and the first quarter of this year was only a slight profit. ② By the end of Q1, the company had existing orders of 1,263 million yuan for intelligent equipment and 312 million yuan of new contracts in Q1, of which overseas accounted for 49%. According to the company, the gross profit of overseas projects is high. ③ The company's lithium battery recycling business saw a decline in revenue and loss of profit last year. There is still no profit in Q1.
Weekly preview | Tech giants set off a frenzy of results releases! Tesla, Meta, Microsoft, and Google are on the list one after another
US GDP for the first quarter and core PCE data for March will be released. China's April LPR will be announced on Monday; the Bank of Japan will announce the new interest rate decision on Friday.
Fangyuan Co., Ltd. terminated a fixed increase of 455 million last year's net loss and plans to launch a “hedging” strategy to deal with market fluctuations
① Fangyuan Co., Ltd. stated that considering factors such as changes in the external market environment, fund-raising project plans, and the company's own actual situation, the company decided to stop issuing A-shares to specific targets in 2023. ② Company staff said that related lithium battery recycling business will continue to be carried out, and subsequent funding sources will be promoted in an orderly manner using own or self-raised funds.
[Data review] Northbound Capital reduced its positions for 8 consecutive days, and many Zijin Mining's low-altitude economy concept stocks were bought by institutions
① Zijin Mining received a net sale of 377 million yuan from northbound capital today. The stock has been net sold for 8 consecutive trading days. ② Low-altitude economy concept stocks such as Wanfeng Aowei, CITIC Haizhi, and Andarville were all bought by institutions. Among them, Wanfeng Aowei was bought by an agency over 70 million.
Northbound Capital Purchase Report: Changan Auto received a net purchase of 435 million yuan
Northbound Capital made a significant net purchase of 2,022 billion yuan today.
The number of tenders in the first three months has surpassed that of last year, commercial riders and hydrogen vehicles were “launched as soon as possible”
① According to incomplete statistics from public information, in just three months since 2024, the number of tenders for hydrogen vehicles has reached 2,744, which is more than the whole of last year. ② Qu Fang, an investment advisor at Wanlian Securities, said. “Previously, due to cost issues, the large-scale implementation of hydrogen vehicles was slow. However, in the past two years, fueled by factors such as policy impetus and technological breakthroughs, the commercialization process of hydrogen energy vehicles has been accelerating.”
Northbound Capital Purchase Report: Zijin Mining received net sales of 551 million yuan
On April 3, Northbound Capital had a net sale of 2,275 billion yuan throughout the day, which was a net sale for 2 consecutive trading days.
Cathode material prices fall, technology profits both fall, but enthusiasm for capacity construction continues unabated | Annual Report Interpretation
① The decline in lithium salt prices in 2023 led to a decline in the price of ternary materials. The revenue and net profit of Dangsheng Technology, a leading company in ternary cathode materials, declined, and Q4 net profit fell almost below the same period last year. ② Despite sharp fluctuations in the price of cathode materials, Dangsheng Technology's enthusiasm for building production capacity has not diminished, mainly lithium iron phosphate materials that dominate the market.
The deepening of the bond between Rongbai Technology and SK On will focus on in-depth cooperation on lithium battery cathodes
① Rongbai Technology and SK On signed a “Memorandum of Cooperation”. The two sides will carry out comprehensive and in-depth cooperation in the field of ternary and lithium iron manganese phosphate cathodes, including but not limited to technical cooperation, product development and product sales; ② Previously, Rongbai Technology had established a technical cooperation relationship with SK On, and products have already been sent for testing.
Science and Technology Innovation Board Evening News|Nanya New Materials plans to invest 1.2 billion yuan to build a high-end electronic circuit substrate base project, Rongbai Technology and SK On sign a memorandum of cooperation
① Ministry of Industry and Information Technology: Accelerating the development of artificial intelligence empowered manufacturing, represented by big models; ② Shenzhen: Striving to achieve a “0 to 1” breakthrough around wafer manufacturing equipment and high-end CNC machine tools; ③ Zhiyuan Robotics completed the 6th round of financing, with a valuation of 7 billion yuan.
Announcement Highlights: Xiaomi Q4's adjusted net profit increased 236.1% year on year; Xiaopeng Motor Q4's adjusted net loss decreased by 19.9% year on year
Li Ning's revenue in 2023 was 27.598 billion yuan, an increase of 7.0%; China Unicom's profit due to equity holders in 2023 was 18.7 billion yuan, an increase of 11.8% over the previous year.
2 billion! Jiangxi's first provincial science and technology innovation fund launched Ganfeng Lithium and Shenwan Hongyuan have all arrived
① The Science and Technology Innovation Fund is estimated to have a target size of 2 billion yuan. It was jointly established by the Jiangxi Provincial Science and Technology Department in collaboration with Jiangxi State Control, Ganjiang New Area, Ganfeng Lithium, and Shenwan Hongyuan; ② The Science and Technology Innovation Fund will adopt a combination of parent and child funds and direct investment, and will mainly invest in emerging fields such as electronic information, new energy, new materials, biomedicine, etc., as well as industry-university-research achievements transformation platforms for university research institutes.
The price drop of nickel, cobalt, and lithium caused huge impairment losses. Fangyuan Co., Ltd.'s net loss in 2023 was 455 million yuan and turned into a year-on-year loss
① Regarding the year-on-year decline in net profit, Fangyuan Co., Ltd. said that under the influence of declining metal prices, the company's inventory price reduction preparations calculated during the reporting period increased sharply year-on-year, and other factors combined to cause the company's profit to decline in 2023. ② In response to operating losses, Fangyuan Co., Ltd. stated that it has now stepped up efforts to develop downstream customer markets, develop diversified products, and expand sales channels.
Science and Technology Innovation Board Evening News | Fangyuan Co., Ltd., Nanxin Technology, etc. plan to buy back Sanyou Medical and Jiete Biotech Real Controllers to increase their holdings
① The Securities Regulatory Commission held the first offline press conference in the Year of the Dragon. Currently, there are no plans for a 10-year IPO backcheck, which will greatly increase the proportion of on-site inspections of companies to be listed; ② the Science and Technology Innovation 50 Index will be adjusted regularly in the first quarter to transfer to 3 individual stocks of Jinghe Integrated, Artes, and Aviation Materials; ③ Jingjin Electric: Obtaining the target for a three-in-one electric drive assembly project in the European market from a leading global vehicle customer.
The establishment of the 40 billion state-owned enterprise asset optimization and upgrading fund, the revaluation of state-owned enterprises continues to usher in catalysis
① The signing ceremony for the State-owned Enterprise Stock Asset Optimization and Upgrading Fund was held in Beijing. The fund was approved by the State Council's State-owned Assets Administration Commission, and China Guoxin co-sponsored by China Cinda, China Oriental, and China Great Wall, with a total scale of 40 billion yuan. ② The Guotai Junan Strategy Team pointed out that in the future, the opportunities are still “development and safety” around the “chain owners” and specialized integration of the industrial chain proposed by the State Assets Administration Commission, focusing on high-end equipment, transportation, and energy.
Another lithium battery cathode company now lost money in a single quarter, and Rongbai Technology's net profit in 2023 was reduced by nearly 60%
① Rongbai Technology did not continue the 2023 Q3 performance rebound trend. Net profit for 2023 is expected to be 593 million yuan, a year-on-year decrease of 59.51%, including a net loss of 22.85 million yuan in the fourth quarter; ② According to previously disclosed performance forecasts, Xia Tungsten Xinneng and Changyuan Lithium all experienced a decline in performance, and the net profit of all three companies declined sequentially in the fourth quarter.
[Looking at the data] Northbound capital greatly increased its positions, BYD's three powerful investors joined forces to grab China Mining resources
① Today, BYD received more than 700 million net purchases from Northbound Capital. In addition, new energy stocks such as Tianqi Lithium and Tongwei Co., Ltd. all received net purchases from Northbound Capital. ② The lithium ore stock China Mining Resources was purchased by three first-tier investors, of which CaiTong Securities bought 107 million yuan from Shangtang Road in Hangzhou.