Energy storage demand may bring benefits to the industry. Lithium battery listed companies generally rebound in the third quarterly report

A few days ago, leading listed companies in the lithium battery field such as CATL, Guoxuan Hi-Tech, and Yiwei Lithium Energy have successively announced their third quarter performance reports this year. Compared with the first half of this year, in the context of my country's economic recovery, the operating income of leading companies in the lithium battery industry has recovered, and overall performance has been corrected. ■The industry's recovery trend is obvious. In the last week of October, the leading lithium battery companies such as Guoxuan Hi-Tech, Ningde Times, and Yiwei Lithium Energy successively announced the third quarter reports. CATL disclosed in its third-quarter report that operating income in the third quarter of this year was 12.693 billion yuan, an increase of 0.8% over the same period last year. At the same time, the company's net profit attributable to shareholders of listed companies during the reporting period was 141.9 million yuan, an increase of 4.24% over the same period last year. According to data released by Guoxuan High-Tech, the company's operating income in the third quarter of this year was 1.656 billion yuan, a year-on-year increase of 7.17%. Yiwei Lithium Energy's third quarter report shows that the company's operating income during the reporting period was 2.164 billion yuan, an increase of 5.68% over the same period last year. According to statistics from the industry research organization Gaogong Lithium Battery (CGII), among the 16 listed companies involved in lithium batteries, in the third quarter of this year, 13 companies have seen their revenue increase compared with the same period last year, and 10 companies have seen their net profits increase simultaneously. . The reporter checked the relevant data and learned that the turnover of the above-mentioned companies in the first half of this year all suffered a sharp drop. Take Guoxuan Hi-Tech as an example. In the first half of this year, the company's operating income was 2.422 billion yuan, a decrease of 32.85% from the same period last year, and its net profit was 34.13 million yuan, a year-on-year decrease of 90.25%. However, judging from the data in the third quarter of this year, the domestic lithium battery market has shown a trend of recovery, and the performance of leading companies has increased. In the announcement, Guoxuan High-Tech pointed out that in the third quarter of 2020, the domestic situation of new crown pneumonia epidemic prevention and control continued to improve. With the gradual recovery of new energy vehicle sales, the company's power lithium battery shipments have exceeded the same period last year. ■ Rapid increase in power lithium battery output According to the latest data released by the Ministry of Industry and Information Technology, among the important products of my country's battery manufacturing industry from January to September this year, the output of lithium batteries reached 12.57 billion, an increase of 7.8% year-on-year. In September of this year, the recovery of my country's lithium battery production became more obvious. In that month, the national output of lithium batteries was 1.99 billion, a year-on-year increase of 26.6%. At the same time, the data released by CGII also showed that my country's power lithium battery market began to bottom out in July this year, and the production of lithium batteries was effectively released in the third quarter of this year. Data show that in February this year, the installed capacity of power lithium batteries in my country dropped by more than 70% year-on-year, and gradually began to rise in August. In August this year, the installed capacity of power lithium batteries increased by more than 40% year-on-year. In general, the installed capacity of power lithium batteries in my country from January to September this year was about 34.15 GWh, a year-on-year decrease of 19%. However, some analysts believe that although the net profit of some companies has been reduced compared with the first half of this year, the loss of some companies has also narrowed, but since the sales of new energy vehicles in my country have been sluggish since the beginning of this year, the current situation is still related to the increase in net profit of the lithium battery industry Caused an adverse effect. Guoxuan Hi-Tech pointed out in the announcement that due to the impact of the new crown epidemic, the sales of downstream new energy vehicles have fallen sharply. At the same time, affected by the intensified market competition and the decline of downstream new energy vehicle subsidies, the average selling price of the company’s power lithium battery products has increased. The year-on-year decline has resulted in a significant decline in the company's net profit compared to the same period last year. Data show that in the third quarter of this year, Guoxuan High-tech's net profit was 49 million yuan, a year-on-year decrease of 78.34%. ■Energy storage demand may bring benefits to the industry. On the whole, the industry is still quite optimistic about the development prospects of the lithium battery industry. According to the latest research report published by Western Securities, in the field of energy storage batteries, with the increasing pressure on environmental protection, the large-scale application of more environmentally friendly lithium batteries has become a general trend. The future direction is broad, and the expansion of the energy storage field will continue to bring benefits to the lithium battery industry. . According to a report released by the market research organization Wood Mackenzie, my country's cumulative energy storage scale is expected to show an exponential increase in the next 10 years. By 2030, my country's total installed energy storage capacity is expected to account for about 21% of the global cumulative energy storage scale. Among them, the auxiliary service market for the power industry will be an important driving force for energy storage installed capacity. Wood Mackenzie believes that as many provinces and cities in China have issued documents requiring new photovoltaic and wind power projects to be equipped with energy storage, this field is expected to usher in greater development opportunities. Under this circumstance, as the current mainstream of electrochemical energy storage, lithium batteries will have a rapid increase in business scale, and application scenarios will become more diverse. In addition, as the major domestic telecommunications operators successively start the construction of 5G base stations, the demand for lithium iron phosphate energy storage is expected to usher in a substantial increase. The reporter learned from public information that lithium battery companies, including Yiwei Lithium Energy, Narada Power, and Penghui Energy, have obtained orders for my country Mobile and my country’s towers. According to the reporter's knowledge, from the perspective of business distribution, lithium battery companies are also actively increasing their deployment in the field of energy storage. In April of this year, Yiwei Lithium Energy pointed out in a notice that the company will build a high-performance lithium-ion energy storage battery project and a high-performance lithium-ion power lithium battery project in Jingmen City, Hubei Province. After completion, it is expected to generate 6 GW respectively. Hour/year of lithium-ion energy storage battery output, 5 GWh/year of lithium-ion power lithium battery output. Disclaimer: Some pictures and content of the articles published on this site are from the Internet. If there is any infringement, please contact to delete. Previous: Welcome to the 10 billion-level project. Will Nanjing become the world's largest processing base for power lithium-ion batteries?