① Phosphate rock reserves are 654.38+800 million tons! This phosphorus chemical industry chain leader has invested nearly 5 billion yuan to build over 5 million tons of phosphate rock, iron phosphate and other large projects, and the tax-included income is expected to reach tens of billions of yuan; ② The scale of production and sales of cathode materials for lithium batteries ranked first in China for three consecutive years! The company's lithium-related production capacity increased by 70% to 654.38+10,000 tons/year, and the market share of lithium cobaltate was far ahead in China. Contemporary Ampere Technology Co., Ltd. and BYD supplied power lithium batteries and signed a 35,000-ton ternary precursor procurement agreement.

Interpretation of key announcements

Lianglianban Yuntu Holdings: The company's yellow phosphorus production base is currently producing normally.

Yuntu Holdings announced the change. Recently, a Notice on Resolutely Doing a Good Job of Double Control of Energy Consumption issued by the Yunnan Provincial Energy Conservation Leading Group Office was circulated on the Internet, which mentioned strengthening the production control of the yellow phosphorus industry in Yunnan Province to ensure that the monthly output of the yellow phosphorus production line in Yunnan Province from September to February in 20021year does not exceed 10% of the output in August in 20021year. The company's yellow phosphorus production base is located in Leibo County, Sichuan Province, with an annual output of 60,000 tons, which is currently in normal production. The price of yellow phosphorus is mainly affected by the relationship between supply and demand, the price of upstream raw materials and other factors. The supply of yellow phosphorus is tight this year. If the capacity compression mentioned in the notice further tightens the supply side, it is expected to drive up the price of yellow phosphorus, which may have a positive impact on the company's operating performance.

Comments: According to public information, Yuntu Holdings is the leader of compound fertilizer in the development of mine-salt-alkali-fertilizer industry chain, and has formed many business sectors such as mine, salt, alkali, fertilizer and chemical industry. The company owns the exploration right of phosphate rock in Zhaibei mining area, Niu Niu, Leibo County, Sichuan Province, with proven reserves of 1.8 1 100 million tons. In terms of salt mine, the company owns the independent salt mine "Yanhuai Du Gao" at 30 degrees north latitude, with a well salt reserve of 250 million tons.

The company has a capacity of 60,000 tons of yellow phosphorus, which is the mainstream supplier of yellow phosphorus industry in China, and also has a capacity of 430,000 tons/year of monoammonium phosphate. The capacity of soda ash and ammonium chloride is 600,000 tons/year, and the capacity utilization rate in 2020 is about 108.89%. At present, the soda plant is running at full capacity.

Zhang Wenlong, Huachuang Securities, said in the research report released on September 5 that the dynamic value of the tax-included income of the project can reach10/0 billion yuan according to the price calculation of1.3 yuan/ton (purified phosphoric acid) and 3,200 yuan/ton (compound fertilizer).

Xiamen Tungsten New Energy Co., Ltd.: Signed a strategic cooperation agreement with Zhongwei Co., Ltd. to purchase 15000-35000 tons/year ternary precursor.

Xiamen Tungsten Xinneng announced that the company and Zhongwei signed the Strategic Cooperation Framework Agreement. From the date of signing the agreement to 5,438 June+3 February 20231,both parties expect the supply and demand of cobaltosic oxide products to be about 20,000-25,000 tons/year; The supply and demand of ternary precursor products is about 1.5-35,000 tons/year. The above quantities are reasonable forecasts made by both parties according to the current market conditions. If the follow-up industry policies and market supply and demand change, the corresponding quantity will be adjusted, and the company does not guarantee the purchase. The specific purchase quantity and price shall be subject to the purchase order signed by both parties.

Comments: According to public information, Xiamen Tungsten New Energy is one of the important enterprises in the field of cathode materials for lithium-ion batteries in the world, and has mastered the core technologies, advanced technologies and industrialization level of research and development, production technology and comprehensive performance evaluation of cathode materials for lithium batteries such as lithium cobalt oxide and nickel cobalt manganese ternary materials.

Analysts such as Li Chao of CITIC Securities said in the research report released on August 19 that the company is the largest cathode material enterprise in China. Its main business is lithium cobaltate and ternary cathode materials. In 2020, the production and sales volume will be close to 50,000 tons, and it has become the largest enterprise in the production and sales of cathode materials for lithium batteries in China for three consecutive years.

The domestic market share of the company's lithium cobalt oxide business is as high as 40% in 2020, which is more than twice that of the second place; In 2020, the sales volume of 4.45V+ high-voltage lithium cobaltate products will account for nearly 70%, and the industry advantage is obvious.

China xd: china xd Group and some subsidiaries of State Grid Corporation implemented reorganization and integration.

China xd announced that after receiving the notice from the controlling shareholder china xd Group Co., Ltd., the State-owned Assets Supervision and Administration Commission of the State Council studied and reported to the State Council for approval, it agreed to reorganize and integrate china xd Group and some subsidiaries of State Grid Co., Ltd., and the State-owned Assets Supervision and Administration Commission of the State Council performed the investor's duties on behalf of the State Council to set up a new company. The shares of Jiangsu Nanrui Hengchi Electric Equipment Co., Ltd., Jiangsu Nanrui Taishida Electric Co., Ltd. and Chongqing Nanrui Borui Transformer Co., Ltd. held by china xd Group and Xuji Group Co., Ltd., the shares of Gao Ping Group Co., Ltd. and Shandong Electric Group Co., Ltd., which belong to State Grid Corporation, were all incorporated into the new company. After this reorganization and integration, the controlling shareholder and actual controller of the company have not changed.

Comments: According to public information, the actual controller of the company is the State Council State-owned Assets Supervision and Administration Commission, and its main business is R&D, design and manufacture of power transmission and distribution and control equipment.

Performance announcement gold list

Sky shares: It is estimated that the net profit in the first three quarters is 440-460 million yuan, and the production and sales of lithium hexafluorophosphate products are booming.

Sky shares announced that the net profit in the first three quarters is expected to be 440-460 million yuan, compared with a loss of 43.75 million yuan in the same period last year. In the first three quarters, the company's production and sales of lithium hexafluorophosphate products were booming. With the increase of sales price, the performance of lithium hexafluorophosphate increased significantly year-on-year.

Comments: Guotai Junan Zhen Bentao and other analysts said in the research report released on June 30, 65438 that from the perspective of the pace of production expansion, considering the impact of environmental impact assessment and other factors on the launch of new capacity, it will take about 1.5 years, and it is impossible to expand production on a large scale in a short time; From the demand side, it is estimated that the global sales of new energy vehicles will exceed 4.4 million vehicles in 20021year, up 50% year-on-year, and the demand for lithium hexafluorophosphate will increase substantially in 20021year.