On the evening of March 9, the fluoride salt tappolyfluorideRelease 2021performanceExpress, to achieve motherhoodnet profit1.26 billion yuan, a year-on-year increase of nearly 25 times.
At the same time, the company said that the current supply of related products is in short supply, the production line is running at full capacity, and it is expected to maintain the trend of full production and full sales this year.The company is acceptingInstitutional researchAt the time, it is estimated that this year’s shipments are between 35,000 tons and 40,000 tons. According to the lower limit of shipments in 2021, the increase will exceed 260%.
Newly built production capacity exceeded expectations
announcementIt was disclosed that in 2021, the company will achieve a total operating income of 7.809 billion yuan, a year-on-year increase of 83.95%; the net profit attributable to the parent is 1.26 billion yuan, a year-on-year increase of 2490.8%.
Why the huge increase?polyfluorideExplain that in 2021, the company’s new material business segment will continue to grow, and the market demand for new material products represented by lithium hexafluorophosphate will be strong, and the sales price will usher in a new high. The company’s new production capacity was released beyond expectations, and the product supply was in short supply.
ChinasecuritiesThe reporter of the newspaper China Securities Taurus noticed that,polyfluorideJanuary 24 at the receiving institutionresearchAt the time, it was introduced that in 2021, the company’s lithium hexafluorophosphate shipments will be 13,000 tons to 14,000 tons.
In fact, the high prosperity of the new energy vehicle industry has driven the market demand for new material products such as lithium hexafluorophosphate. Coupled with the mismatch between supply and demand of lithium hexafluorophosphate, prices have risen rapidly since last year.
According to data from Shanghai Nonferrous Metals Network, the average price of lithium hexafluorophosphate has risen from 245,000 yuan/ton in May 2021 to 550,000 yuan/ton by the end of 2021.
Although most of the polyfluoropoly-related products are sold in the form of long-term orders, the terms of the purchase agreement with different customers are different, and there are corresponding adjustment mechanisms when the market price fluctuates greatly, which means that the company’s products can be sold at a “good price”. .
In addition, Dofluoroduo said that the company has a certain reserve of raw materials, and some product purchase and sales agreements have a corresponding linkage mechanism for raw material purchase prices and product sales prices, which can effectively avoid the adverse effects of rising prices of some raw materials.
Shipments expected to surge this year
Fluorine, phosphorus and lithium are the keys to determine the material cost of lithium hexafluorophosphate products.company disclosures, companies andYuntianhuaThe cooperative fluorosilicic acid to hydrofluoric acid project can effectively guarantee the cost and quality of fluorine resources. Through strategic cooperation and other means, the company has a layout in the preparation and procurement of phosphorus pentachloride. The company has more lithium inventories, and through long-term agreements with upstream suppliers, it can ensure continuous and stable supply. In addition, the company has a production capacity of 3,000 tons of high-purity lithium fluoride products, and the new production capacity of 6,000 tons is expected to reach production by the end of the year.
Dofluoroduo recently said in an institutional survey that the company has a production capacity of 20,000 tons of lithium hexafluorophosphate in 2021. At present, most of the expansion projects are progressing relatively smoothly, which is earlier than the expected construction period. According to the company’s production expansion progress, it is expected to have a production capacity of 55,000 tons/year by the end of this year, with a shipment volume of 35,000 tons to 40,000 tons.
From the perspective of downstream demand, data released by the China Passenger Transport Association showed that the wholesale sales of new energy passenger vehicles reached 317,000 in February. In the new energy vehicle market, orders were weak in late January due to price increases, but they recovered significantly in February.
As the downstream continues to bring goods, the volume and price of lithium hexafluorophosphate have risen.ChinasecuritiesThe reporter of China Securities Taurus noticed that Dofluoroduo said on the interactive platform a few days ago that due to the continuous strong market demand, the company is currently in short supply of related products and the production line is running at full capacity. According to the order demand of downstream customers, it is expected to maintain the trend of full production and full sales this year.
Source: Interactive Platform
Godsend materialIt also said a few days ago that the company’s planned lithium hexafluorophosphate production capacity has basically covered the demand until 2024.
On the other hand, data from Shanghai Nonferrous Metals Network showed that as of March 9, the average price of lithium hexafluorophosphate was 599,000 yuan/ton.
Everbright Securitiespointed out that polyfluorodol has been associated withBYD、Funeng TechnologyEnchemCo., Ltd and other customers to sign long-term salescontract. At the same time, the company has deployed new lithium salts, and its technical level and production capacity are at the forefront of the industry.
(Article source: Chinasecuritiesnewspaper)
