Industry expects 2013 lithium battery industry demand growth to accelerate steadily
Polaris Smart Grid Online: The industry expects that the demand for lithium battery industry will increase steadily in 2013, and the industry will further stabilize and improve.
Since December, the overall lithium battery sector rebounded with the broader market, and some stocks have seen good gains in the short term. While the sector as a whole attacked by the strong limit of Tianqi lithium industry, the fundamentals of the industry also broke out in the near future. Recently, the Ministry of Industry and Information Technology issued a notice and decided to organize and carry out investigations on the basic conditions of the lithium battery industry in order to understand the current status of China's lithium battery industry and provide basis for formulating safety standards for lithium batteries and production enterprises' safety access.
Cinda Securities' new energy industry analysis teacher Haibo analysis believes that listed companies in the lithium power industry are generally leading companies in related sub-sectors, with scale and technical advantages. Future industry regulations are expected to eliminate some of the backward production capacity of SMEs, which brings investment opportunities for Lithium listed companies. Lithium-electric materials, the proposed focus on the new cosmopolitan, Shanshangufen, Jiangsu Cathay Pacific; lithium battery is concerned about BYD, Desai battery.
As the country has increased its support for new energy vehicle policies, its long-term development path has been clear. In the development of electric vehicles, the battery benefits a lot. The long-term development of lithium batteries is a general trend. China Development Securities expects that in 2012, new energy vehicles will exceed 100,000 vehicles, which will drive the battery industry's 6 billion market, and the compound growth will exceed 50% in the next three years.
It is expected that the growth of industry demand will accelerate steadily in 2013, and the industry will further stabilize and improve. He Weijiang, an analyst at Centaline Securities, said that the growth momentum of traditional lithium-ion batteries for energy storage in 2013 is based on smart terminals. The potential for large-scale energy storage in the areas of new energy and smart grids is huge; the growth in the sales of new energy vehicles at home and abroad will increase significantly, and the model will be determined. And policy support will boost the development of new energy vehicles. The main investment line is focused on the significant drop in valuation, the segmentation of profitability stability, and event-driven investment opportunities. It is recommended to pay attention to Xinzhou State, Jiangsu Guotai and Shanshangufen.
Desai battery as the main supplier of Apple's mobile phone battery, Apple-related revenue accounted for about 70% of the company's revenue. Zhang Xiaoda, an analyst at Haitong Securities, believes that with the continuous increase in the proportion of non-mobile phone business, the company's gross margin has room for improvement. The company uses the iPhone as a base customer and the company's growth will be determined next year. In addition, the company's new customers are also constantly developing, including the international giant Samsung, as well as domestic leading customers such as millet. It is estimated that the earnings per share for 2012-2013 will be 1.1 yuan and 1.59 yuan respectively. Give the company an overweight rating and give it a target price of 38.50 yuan, which corresponds to a 35-fold price-earnings ratio in 2012.
According to Gu Qibin, an analyst at Shanshan UBS Securities, the company's lithium revenue in the first three quarters increased by 41% year-on-year, mainly because its anode and cathode materials grew faster than the industry average. The release of production capacity will push the lithium battery performance into a fast-growing track. First, the negative electrode material is the company's lithium battery business center of profit. Ningbo 1,000 tons of mesocarbon microbeads have been put into production in November. The Lingang large-scale project will enter the real construction period in 2013. Secondly, with regard to cathode materials, the commissioning of the Hunan Haina tetroxide project will save costs and significantly improve product quality. The forecasted earnings per share of the company for 2012-2014 were 0.51 yuan, 0.73 yuan and 0.95 yuan respectively. The recent increase in shareholding of controlling shareholders demonstrates its confidence in the long-term development of listed companies. Give a target price of 21.2 yuan.
Neo-Cong Corp. has the absolute leading position in the field of domestic capacitor chemicals. Lithium battery battery electrolyte business has entered the domestic forefront. Panxi Feng, an analyst at Northeast Securities, said that the company’s current production capacity is approximately 4,000 tons, and that the Nantong project’s production capacity will increase by 5,000 tons next year. It is expected that the company's earnings per share for 2012-2014 will be 0.78 yuan, 0.98 yuan and 1.24 yuan respectively. Judging from the company's fundamentals and valuation, it already has a certain investment value. In the future, the overall trend of the A-share market and the size of the company's non-reduced holdings can be selected.
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