How much more can lithium help tianqi lithium?

In the light of lithium battery, tianqi lithium has undoubtedly become one of the sichuan companies that have been enjoying "strong momentum" in the a-share market since 2014. On March 4, the company's share price reached 53.66 yuan in intraday trading, hitting a new high in nearly three years. Disk shows that the stock price of tianqi lithium has increased by more than 50% in 2014 as of March 6.

In contrast, the net profit of tianqi lithium decreased by 88.3% in the first three quarters of 2013 compared with the same period last year. It is estimated that tianqi lithium has a huge loss of 105-125 million yuan in the whole year of 2013, and the range of performance change is close to -400%. Some analysts pointed out that although the concept of eye-catching, but no performance support, the company's share price rise is difficult to maintain.

Abundant lithium titanate resources reserve

"In the long run, the lithium battery market is very imaginative, and tianqi lithium has resource advantages," said an investment consultant who declined to be named. "" it's easy to be the target of money chasing in the market." "

Public information shows that in the first half of 2013, lithium carbonate accounted for about 80% of the main business of tianqi lithium. As the annual report of 2013 has not been disclosed yet, we can only see from the express that the company's project "technical upgrading and expansion project of battery grade lithium carbonate with an annual output of 5000 tons" was fully completed at the end of September 2013, and part of the production capacity was released. The project "lithium hydroxide project with an annual output of 5,000 tons" is in the trial production stage. Lithium hydroxide can be used as an additive in alkaline battery electrolyte, which can increase the capacity by 12%-15% and increase the service life by 2-3 times.

In 2012, the company produced 12,000 tons of lithium carbonate and other lithium salts, accounting for nearly 30% of the domestic market. From this series of data, it can be expected that the company's production capacity of battery-grade lithium carbonate in 2014 is nearly 20,000 tons, accounting for 30% or more of the domestic market.

In addition, at present, the company is raising 3.3 billion yuan to acquire 51% equity of telisson and 100% equity of tianqi mining. The proven and controlled lithium carbonate reserves of telisson are 4.3 million tons. Currently, it supplies 32% of the world's lithium ore and is expanding its production capacity from 50,000 tons to 100,000 tons.

With the rapid development of electric vehicle industries such as Tesla, BMW I3 and byd, demand for lithium carbonate will see explosive growth, according to guangfa securities. Tianqi lithium is the world's largest producer of lithium, and its ongoing private placement will further expand its lithium resources. Once global demand improves, the most resilient listed company is tianqi lithium.

Share prices have started to fall back

From the perspective of the development of global new energy vehicles, their power sources mainly include lithium ion batteries, nickel metal hydride batteries, fuel cells, lead-acid batteries, supercapacitors and so on. Among them, lithium battery is considered to be the best battery for electric vehicles. In the global popularity of tesla, byd by the leadership of the new energy vehicle industry, such as good news, lithium battery concept stocks also caught the wind.

According to the 12th five-year development plan for the new material industry, by 2015, the cumulative production and sales of new energy vehicles will exceed 500,000, requiring 15 gigawatt-hours of energy-type power battery modules per year, and the demand for passenger vehicles will exceed 12 million. Data show that in 2013, 28 cities or regions in China were the first batch of cities to promote and apply new energy vehicles. According to preliminary statistics, the total number of new energy vehicles to be promoted will reach a considerable 250,000, and the market capacity of lithium ion power battery is close to 20 billion yuan.

Many brokers also mentioned in the research report, it is estimated that an electric vehicle requires 40-50 kg of lithium ion battery electrolyte, an electric bus needs 300-400 kg of lithium ion battery electrolyte, in 2020 the Chinese market of 5 million electric vehicles roughly equivalent to the lithium ion electrolyte demand growth of 6 times. It is estimated that by 2015, with the explosive growth of new energy vehicles, the global market capacity of lithium electric materials will exceed 40 billion yuan.

Some insiders point out that the vast market space makes the future performance of tianqi lithium full of imagination. However, from the current situation, it is still worth paying attention to how tianqi lithium turns round.

The investment adviser also said: "the company's stock price has risen well in the early stage, mainly due to the market's pursuit of lithium battery concept. But once the lithium battery hot spot, and the company does not have outstanding performance as a support, the company's stock price will soon be a correction.

It can be seen from the disk that although tianqi lithium has a strong trend, the stock price has shown weakness in the last two days. Tianqi lithium fell 3.63 per cent on March 5, while yesterday it fell again 3.36 per cent. And the turnover also continues to decline.

The page contains the contents of the machine translation.