Lithium value speculation geometry
The long-depressed stock market finally ushered in a wave of rally last week, the harvest of the five Yangxian the same time, Shanghai stock market rebounded 6 percent, the Shenzhen market rebounded 17%. Major sections of your Changba me play, wave after wave of the market highlights, passion is also raised. But to say that one of the most eye-catching plate, it is none other than non-renewable energy.
20, in 2010 the economic situation in the first half of the energy conference, the National Energy Board Planning Secretary Jiang ice revealed a “new energy industry planning” In related news, by this positive impact of the new energy sector rose, while the development of new energy car and that is one of them. Of these, lithium battery industry, new energy automotive industry is undoubtedly the most worthy of favorable sections of the plate.
Heat and light in lithium battery when the concept, but there a particular listed company, which is Wednesday announcement that it has sued GS out of lithium battery industry [7.52 -1.83%] (600 920). Why the market both in the policy sued GS favorable circumstances would opt out of lithium batteries in the field? The exit sued GS will move on and what impact? And lithium how future developments in the field? On this series of questions, conducted some interviews and surveys.
Lithium long-term loss of business Inspiron 1300 battery , HD438 battery
July 21, the company held its third board sued GS eighth meeting considered and adopted at the meeting on lithium batteries out of business the company’s motion, that is, the external transfer to be sued GS held all the power of Guizhou Space Technology Co., Ltd. (hereinafter referred to as space power) options. Notice that in sued GS, sued GS to make this decision mainly because of poor management aerospace supply company, in 2009, operating income was 87.66 million yuan, loss of 17.46 million yuan. A large number of losses down the company’s profitability. And this situation has not been significantly improved this year, aerospace power in the first quarter operating income of 20.66 million yuan, 1.46 million loss. Long-term loss of leisure sued GS finally lost patience on the lithium battery business, the Company determined to sell stake in the hands of all aerospace power. Sued GS currently holds 37.81% stake in the company, and provide 12.9 million yuan loan guarantees.
The reporters sued GS Inc. of this matter on a telephone interview, the company insisted that all the news side to notice shall prevail. Sued GS recently announced that, due to space power losses, the company to improve profitability, the company decided to purchase the entire equity interest. This is consistent with company stock transfer space power development strategy and help companies to improve efficiency of resource allocation, focus on core business unit strategy to enhance core competitiveness. After the transfer, the company is no longer a shareholder of space power, space power will no longer be included in the consolidated financial statements of the scope of the company, will help improve overall operational effectiveness of the company, will lift the power supply of 12.9 million yuan aerospace loan guarantees will help reduce the company operational risks. This is consistent with company strategy,Latitude D620 battery is also in the interests of all shareholders.
Transfer of ownership as a prudent
How should we view that sued GS of this practice? States gold stock [14.49 1.05%] Mao Rui new energy analysts believe that this is a very normal behavior.
As the current long-term space power loss on the performance sued GS had not a small negative impact, although the policy of support is expected to see, but for space power is not necessarily able to enjoy preferential policies. Aerospace power is the main business of the lithium battery for the domestic mobile phone production, as has been weak competitiveness of domestic mobile phone market share has been limited, space power perennial losses, coupled with a very low threshold of cell phone lithium battery production Latitude D830 battery , XPS M1210 battery , small start-up capital, technology low level of market competition is very fierce. The recent concept of the capital market is very hot lithium battery, it is the car battery for the other battery. Pre-development costs of such power batteries is very high, on the financial, technical requirements are very high; with old aerospace power equipment, capital and technology are difficult to compliance, transition difficulties, transfer of shares Shizhuwunai.
General view that the equity transfer are indeed able to eliminate an operating loss of aerospace power performance of the company’s negative impact, but because the concept of the current lithium battery is very hot in the market, which to some extent reduce the operation of the company shares the subject of space, this approach is a double-sided nature. The share price has not sued GS lithium batteries because of this hot and blew out, 21, was announced after the stock shocks all the way though, but Friday’s closing price of 7.52 yuan is still higher than the opening price of 7.72 yuan 21 only less two cents.
Mao Rui pointed out that this phenomenon is very normal. Although the Shanghai Stock Exchange last week out of five with Yang, but the disk key for the oversold rally plate, is a kind of oversold valuations. The concept of short-term speculation is not much, but the concept of a long-term lithium hot topic as the country’s new energy policy implementation and constant speculation by the market. In fact, even the concept of lithium-related stocks, the recent trend also is not satisfactory, just follow the broader market rebounded only synchronous, not too many bright spots. Market for the lithium battery industry “pretty does not make money” should be more clear understanding.
Lithium industry still needs development
Li-ion battery business for the annual mobile phone market losses, which lithium batteries NF343 battery , Inspiron 1420 battery for the power company be? Whether generally only look beautiful like a mirage? Journalists have made the following investigation.
Mao Rui pointed out that the lithium battery industry started relatively late, the state Although policy support, but the new car market, the energy development process has been slow, and so far there is no listing of large-scale emergence; plus policy implications, have power over many lithium project, which to some extent, exacerbated the lithium battery industry, market competition, creating a structural overcapacity, oversupply, thus leading to low lithium corporate marketing in general.
The final analysis, our core technology, lack of lithium batteries, lithium battery industry in China is leading to poor operational level, the root causes of low-end competition, too. Lithium battery industry chain mainly consists of three parts: upstream lithium ore, lithium battery materials (including cathode material, anode material, separator, electrolyte), and battery manufacturing and packaging. Technically, lithium battery materials, thin film technology in the highest threshold, the current basic dependence on imports. China currently only Fosugufen [12.27 -0.65%] (000 973) a subsidiary of Jinhui Tech, Dongguan Starbucks Technology, Xinxiang, Henan Douglas.Ryan, in the Division to provide parties and other manufacturers have used a small lithium battery separator VGP-BPS13B/B , VGP-BPS8 . The lithium battery is lithium lithium carbonate material upstream of key raw materials, is currently the oligopolistic structure of foreign enterprises.