The game of the battery day before: the reduction of holdings and the increase of issuance move simultaneously.

Before the opening of the Tesla Battery Day event, Ganfeng Lithium completed two major events at the same time: the reduction of A-share shareholders and the additional issuance of Hong Kong stocks. On September 25th, Ganfeng Lithium announced a notice that Xu Jianhua reduced his holding of 20,000 shares of the company’s unrestricted shares (accounting for 0.0015% of the company’s total shares) on September 23, 2020 through agglomeration bidding. . After the reduction is completed, Ganfeng Lithium holds 460,000 shares, with a shareholding ratio of 0.0356%. Xu Jianhua arbitrage 1.064 million yuan from this reduction. On the same day, Ganfeng Lithium announced that it had completed the allotment of Hong Kong stocks on the 23rd. On September 23, the company has successfully placed a total of 40.037 million shares to no less than six placees who are not connected persons of the company at a placing price of HK$36.35 per share. No placee becomes a key shareholder of the company after subscribing to the placing shares. The total net proceeds from this placement is approximately HK$1.449 billion, and it is planned to use the net proceeds in the next one to two years. The company intends to use the net proceeds from the placement for production expansion and construction, research and development expenses, existing debt repayment, potential investment, supplementary working capital, and general corporate purposes. Among them, the expansion and construction of production mainly involve the company's overseas lithium resource projects, and potential investments include ore, brine, and lithium clay. It is worth noting that due to the daily performance of Tesla's battery below expectations, the US stock market closed on the 23rd, and Tesla plunged 10.34%. Tesla continued its two-day plunge, which led to the decline of Tesla concept stocks. On the 24th, Ganfeng Lithium A shares fell 5.62%, and Hong Kong shares fell 4.82%. Ganfeng Lithium seems to have spotted the downward trend in its stock price and completed the reduction of A-share shareholders and the additional issuance of Hong Kong stocks before the even greater decline. However, as Tesla's stock price rebounded, Ganfeng Lithium's stock price also rose slightly on September 25, but it has not yet recovered the 'lost ground' of the battery. Goldman Sachs also pointed out in a recent research report that it is optimistic about Ganfeng Lithium and gave it a 'buy' rating. Goldman Sachs said that from the information obtained, the critical electric vehicle downstream industry is expected to have stable demand, but at the macro and micro levels, the scope of improvement is still limited. Electric vehicle manufacturers expect the demand outlook for next year to be generally stable. Highlights include the potential recovery of electric vehicles in the second half of this year, the long-term rise of new infrastructure-related market segments, and the upcoming 14th Five-Year Plan. Ganfeng Lithium has the ability to process more than 40 kinds of lithium compounds and metal lithium products in five categories, and is one of the manufacturers with the most complete supply of lithium products. Since the A-share listing, the stock price of Ganfeng Lithium has increased by 86.62%. However, the battery industry is a fast-developing industry, and new breakthroughs may occur at any time. This means that if the company fails to adapt to the development, there will be an existential crisis, and risks and benefits will coexist. Disclaimer: Some pictures and content of articles published on this site are from the Internet. If there is any infringement, please contact to delete. Previous: Three years of self-developed and self-produced Tesla set off a power lithium battery revolution