the highlight of Li-ion battery business

Fluoride (78.00, -3.91, -4.77%) released the 2010 annual report. In 2010 the company achieved sales of 794 million yuan, compared with 2009 growth of 5.24% over the same period, operating profit of 49.4119 million yuan, compared with 2009 decreased 40.55% over the same period in 2010,dell laptop battery the company achieved net profit of 48.3543 million yuan, down 39.50% in 2010 company to achieve EPS of 0.44 yuan, basically in line with our expectations. Meanwhile, the company announced a 2010 profit distribution plan, to December 31, 2010 as the base total share capital of 10,700 shares,dell 1G222 battery, dell BAT3151L8 battery,dell Latitude X300 battery, dell W0465 battery, dell Inspiron 2000 battery, 10 shares to all shareholders were distributed every 2.00 yuan (tax included), totaling 21.4 million yuan of dividends. The company plans 2010 capital reserve into share capital as follows: to 31 December 2010 the total share capital of 10,700 shares of the company as the base to the capital reserve into share capital, 10 shares for every 3 shares, for a total increase by transferring 32.1 million shares.

Sharp rise in raw materials caused by gross margin decline in net profit fell a certain extent

March 29, 2011, Fluoride release 2010 Annual Report. In 2010 the company achieved sales of 794 million yuan, compared with 2009 growth of 5.24% over the same period, operating profit of 49.4119 million yuan, compared with 2009 decreased 40.55% over the same period in 2010, the company achieved net profit of 48.3543 million yuan, down 39.50% in 2010 company to achieve EPS of 0.44 yuan, basically in line with our expectations.

Fluoride in 2010 the company net profit fell sharply principal business is the company leading product raw materials (including fluorite, sulfuric acid, aluminum hydroxide, sodium fluoride, caustic soda, etc.) showed different degrees of price increases, especially fluorite prices increase in more than 30% greater impact on corporate profits. dell 1G222 battery, Our products are mainly used in aluminum industry, aluminum industry by the State macro-control policies, sales price and quantity of fluoride present periodic fluctuations.

Highest market share in the first

The company cryolite, aluminum fluoride annual production capacity of 12 million tons, accounting for 8.51% of global capacity, domestic production capacity of 17.65%. Among them, the cryolite capacity of 60,000 tons / year, accounting for about 23.08% of total capacity of similar products, accounting for 35.29% of total capacity of similar products; capacity of 60,000 tons of aluminum fluoride / year, accounting for the total global similar products production capacity of 5.22%, accounting for 11.76% of total capacity of similar products.

Enhance the company's equity incentive team cohesiveness

Introduced the company's core equity incentive plan to enhance cohesion. Equity incentive plans 300-million to be granted stock options, all of the line of the right to increase the share capital of 300 million shares, representing approximately 2.8% of the existing shares of the company.dell BAT3151L8 battery Options granted to company executives, and 64 8 core technology (business) and some middle managers. Incentive core 64 are located in technology, marketing, production, administration, finance, auditing, security, new energy companies, logistics and human multiple systems, and technology incentives and the market system by the largest number of 22 and 12, respectively , reflecting the company's technology and market attention. Overall, the company's core technical staff has been taken seriously, and boosting the company cohesion.

Company equity incentive vesting conditions more easily achieved. Under the equity incentive plan, equity incentive valid for 5 years, of which 1 year waiting period, assessment conditions for 2011 and 2014, respectively, in 2010 net profit up 30%, 60%, 120%, dell 1G222 battery, dell BAT3151L8 battery,dell Latitude X300 battery, dell W0465 battery, dell Inspiron 2000 battery,180%, or an average annual compound growth rate of 29%, results in 2010 as the company is very low base, the next few years, the traditional capacity expansion fluoride business growth and profitability brought steady progress in lithium profitable business growth, we believe that equity incentives are more easily implemented.

Secondary market investment advice

Company's traditional business of fluoride will be substantially improved profitability, with the mass production of lithium hexafluorophosphate, lithium battery business share of total revenues and profits will be increased gradually. We forecast the company in 2011 to 2013 EPS was 1.20 yuan, 2.62 yuan, 3.55 yuan, the company short-term high valuation, but given the lithium hexafluorophosphate as the project of production, will bring the company to enhance performance and valuation levels, dell Latitude X300 battery, We maintain our overweight rating company

Tianjin Bicycle Industry Productivity Center Executive Director Ji Xing Hua March 30 interview that, according to the China Bicycle Association, the current lead-acid battery electric bicycle occupy the domestic market share of 97.5%, less than 3% market share of lithium batteries. "Demonstrates the proportion of the poor spread of two batteries and the unbalanced nature of the market dosage, reflects China's true level of electric bicycles and development limitations." Xing Ji Hua said. It is understood, 48V lead-acid batteries for the price of about 400 yuan, while the ordinary 36V lithium-ion battery pack for the price of the thousand or so, a huge spread lead-acid batteries to drive the market to tilt, electric bicycle electric bicycle lithium and lithium Product prices hit the threshold of a hard sell. To promote the development of electric vehicles, the introduction of electric vehicles in China subsidy support policies; Currently, lithium is also a low-carbon products, electric bicycle products, there is no similar subsidies. In this regard, Xing Ji Hua proposal to increase Lithium-ion batteries support efforts. "If the electric bike's 36V lithium-ion battery giving 400 yuan subsidy per 60,000 yuan subsidies for electric vehicles can be set to support 150 or 150 lithium lithium battery electric vehicle development. In accordance with the price of 2500 yuan per bike basis, 6 ten thousand yuan subsidies will create 375,000 yuan in sales, to open the lithium and lithium electric scooter sales, driven electric bicycle products significantly enhance the level of

Lithium battery plate: usher in new opportunities to do more

Although the A-share market on Friday, bounced back, but hard to change a single week downward trend in shock. However, once the weak lithium plate was again active in the last week, Jiangsu Guotai (002,091), Shanshangufen (600,884), dell W0465 battery, when l Technology (300,073) and other related stocks were down in the stock market trend during tough.

Lithium battery plate active recently, mainly due to the impact of two messages.

First there were reports that in 2020 China's total production of new energy vehicles will be sold 5 million. This figure depicts the future of new energy vehicles a bright future, and therefore opened the lithium batteries of high growth.

Second, the lithium battery industry structure after the earthquake in Japan or will change greatly. Japan is the lithium battery industry, the traditional power, lithium batteries produce more than 50% of the world. Earthquakes, tsunamis and nuclear accidents on the Japanese homeland lithium-ion battery industry a serious blow. China in the anode material, electrolyte and other fields already have a certain competitiveness, it can be a certain substitution effect.

The message means that the lithium battery industry faces two major new development opportunities, will inevitably drive the funds from various quarters to re-valuation of the lithium plate to form a new buying power.

Meanwhile, the lithium battery plates in this year's performance has lagged behind the market, the two positive factors mentioned above, means that the lithium batteries is expected to get a new plate-than-expected growth performance of the kinetic energy,dell 1G222 battery, dell BAT3151L8 battery,dell Latitude X300 battery, dell W0465 battery, dell Inspiron 2000 battery, so as to provide a new rise in stock price momentum.

Investors can focus on two types of stocks: First, break the pattern of standing industry point of view, the domestic lithium industry remains short board, divide, lithium hexafluorophosphate core products such as lack of technical support, has been subject to import restriction. dell Inspiron 2000 battery, Downstream of the strong demand in recent years to promote related products, technology research breakthrough, industry trends are more optimistic, so you can divide the Fosugufen production, production of lithium hexafluorophosphate Jiangsu Cathay Pacific, Hong waiting for attention. Second, the rapid expansion of production capacity is expected to become the global lithium industry in Japan after the earthquake of high-quality alternative enterprises, such as when the rise and Technology, China Baoan, Shanshangufen, also deserves a positive track

Nuclear leak causes storm in Tuen salts grab salt lithium battery as investment

A ridiculous controversy. From the rush of salt, to salt withdrawal, only two days! All this only shows that when people reach a certain extreme emotions when errors arise. As understanding of the industry, understand the market, perhaps it is the opportunity that had not been discovered "gold mine",dell laptop battery or not too concerned about man's "gold mine" of the opportunity!

Not as concerned about the rush of salt lithium battery

In mid-March, due to leakage of nuclear radiation in Japan triggered a burst of panic. March 16 afternoon rush throughout China lift the salt controversy; 17 peak. Salt, less than 2 dollars on weekdays, actually pushed up to 10 yuan; some consumers and even store 30 bags of salt. The Yunnan Salt March 17 to limit the opening also therefore, throughout the day even more firmly sealed in the limit board. In the afternoon, dell Latitude LS battery, dell 2834T battery, dell 4834T battery, dell Inspiron 1520 battery, dell Inspiron 1521 battery, I asked the staff to the Yunnan Salt, and they do not understand that. Because as a professional or have common sense, know - this is a farce. In my opinion, with its rush of salt, we could pause to find the real beneficiaries of the nuclear radiation.

Why? There are two reasons. First, the supply of nuclear radiation on almost no salt. China is the largest mineral salt. It is the last million years of evolution of the terrestrial sea change generated in the process, the original water is constantly evaporating, drying and turned into salt. If these salts are also problems, the global land already affected by nuclear radiation. Where are you spared? What you eat and drink?

Of course, as with the salt, iodine tablets were berserk. This is not just a masterpiece of Chinese Americans, Koreans are the same. dell Latitude LS battery, This is a human decision, to protect themselves and avoid risk. Even he did not know where the risks, but also pushed many people place.

Second, and salt affected by nuclear radiation, the new energy vehicles affected even more. Many factories closed in Japan, leading to a global new energy vehicles (including hybrid cars) battery supply into the problem. Such as the United States, Ford openly expressed fears that Japan's new energy vehicles battery supply.

If you know how powerful lithium battery industry in Japan, you will deeply understand the concerns of the Ford. The world's largest producer of lithium battery industry in Japan, China and South Korea. Japan is both the first commercial implementation of the state lithium batteries, lithium batteries is the largest country market share. About 67% of the global pool of material of lithium production in Japan.

Perhaps you do not understand before how powerful lithium battery industry in Japan, but you should be concerned over Japan's exports to China Rare Earth hold complain. When A State jumped out to complain about another country restrict the amount of mineral exports, then A must be the country's downstream sector is well developed. dell 2834T battery, This is the lithium-based downstream industries, new energy.

Nuclear radiation, work stoppages that began to show the advantages of lithium batteries in China. Even if the nuclear radiation incident resolved, we will consider the global car firms diversify risk, lithium batteries from different vendors of the corresponding products. Of course, China will become the global car firms are one of the goals. After all, China already has a certain amount of soft power. Compared with the year 2000, China Li-ion battery industry for all to see. Before 2000, the global lithium production base by the Japanese monopoly; now China to be among the world's major suppliers of one of the lithium battery industry.

Lithium battery space

If the only alternative to Japan, the production bases of China Li-ion battery space is not as tempting. However, with crude oil prices are rising relative price advantage of new energy vehicles began to appear, the market demand for lithium batteries began to expand. Can even say that the world is entering a period of rapid development of lithium batteries. Beginning in 2010, the global car companies and they have significantly increased the proportion of lithium car is expected from 2010 to 2013 is a fast growing lithium battery electric vehicles, vehicle sales in 2013 will reach 2.26 million lithium batteries, 2015 reached about 371 million.

U.S., China have launched a new energy car allowance policy. In the United States, Obama 825 billion U.S. dollars in economic stimulus plan, and supporting new energy vehicles became a priority. Such as the United States will provide 20 billion dollars in bonuses and loans provided for battery research; provide 4 billion U.S. dollars,dell 4834T battery, federal and local governments for the purchase of new energy vehicles; to provide 10 billion dollars to upgrade the national grid, and ultimately meet the 100 million PHEV charging requirements. In order to stimulate individuals to buy new energy vehicles, in September 2008, the U.S. Congress to extend tax incentives to invest or even to 2016, the share of consumers PHEV 2500-7500 U.S. dollars to give tax breaks.

Production bases, and a series of space to expand the market backdrop, China Li-ion battery industry the opportunity to come!dell Latitude LS battery, dell 2834T battery, dell 4834T battery, dell Inspiron 1520 battery, dell Inspiron 1521 battery, You only need to focus on product quality. If the product quality clearance, do not worry about the needs of lithium products.

Now you go back and look back with no fundamentals supporting the salt, iodine compared to how much lithium battery business opportunity? Indeed, there are some smart people concerned about the lithium battery industry last week in a timely manner - such as the torch high, Keli far, Shanshangufen and so on. Torch High-tech in the last week rose more than 7%. Party and government enterprises in Changzhou, Chengdu Branch of the delegation made a special trip to visit Fang Technology Co., Ltd., and held with the Chinese Academy of Sciences, Chengdu Organic Chemistry Co., Ltd. production and research seminars, to further deepen bilateral cooperation. CAS Chengdu Organic Chemistry Co., Ltd. formerly known as the Chinese Academy of Sciences, Chengdu Institute of Organic Chemistry, in organic synthesis, catalysis, polymer synthesis of new materials research reputation, after several years of technology accumulation, with a number of original innovations. Cooperation between the Company and Changzhou earlier, in 2007 the city established the Chinese Academy of Science and Education Center, Chengdu, Changzhou organic sub-centers,dell Inspiron 1520 battery, and enterprises such as the city Yuan Yu Group to carry out research cooperation.

Yuan Yu Hong Kong-listed group, with strong electronic components designed capacity of independent innovation of new products, the overall strength of the field of mobile communications components into the top three global industry. City by city leaders and the recommendation of go-between science and education, far yu Group and Chengdu, respectively, established in Changzhou Branch to side Energy Technology Co., Ltd., Chengdu, Chinese Academy of Sciences to undertake a comprehensive in lithium aspects of organic products, technologies and R & D team. After 3 years of hard work, Chengdu Branch to side in R & D, pilot production after the success of the first, the production of a new lithium ion battery separator and water-based adhesive, an international initiative; Changzhou Branch to side in the mass production companies will, in science into a new phase of the project the city. The new lithium battery has a higher security and longer life, for communications, home appliances, automobile and other industries, there are several hundred billion dollars in the market space.

Fan Yanqing, secretary of Changzhou Municipal Committee of the Group and the Chinese Academy of Sciences, Chengdu Yu Yuan Organic congratulated the company's successful cooperation. He pointed out that Yu Yuan Group is the leader in high-tech enterprises in Changzhou, innovation and perseverance over the years, has excellent resources for gathering capabilities. Success of the project new lithium battery industry is a technology and capital good cooperation, but also the history of the Group Yuanyu a new milestone for the enterprises to adjust product structure,dell Latitude LS battery, dell 2834T battery, dell 4834T battery, dell Inspiron 1520 battery, dell Inspiron 1521 battery, and enhance innovation capacity, for the information industry leading technology upgrade Changzhou has important demonstration of significance. He hopes to seize new business opportunities and other major energy vehicles to continuously explore new business models, based on increased scientific and technological system and market innovation, restructuring and development of Changzhou and make greater contributions.

CAS Chengdu Organic with a discussion meeting, Chairman Xiongcheng Dong, Fan Yanqing, dell Inspiron 1521 battery, said the new energy, new materials Changzhou represented "a nuclear Eight Garden" building, has been strong interest in Chengdu to support organic companies. Changzhou, according to the "selected projects, building mechanism, setting up the platform", and further support the construction of the center of Changzhou, Changzhou driven innovation capacity, accelerating the pace of construction of innovative city.

Fluoride operating income of 819 million last year

Funds because of concern by the concept of lithium Fluoride (002,407, the closing price 81.91 yuan), in the March 29 released the first annual report since its listing. However, the company has raised two super project will be put into operation this year, product involving lithium hexafluorophosphate and lithium battery power two areas, growth can be expected.dell laptop battery Project to begin production within two lithium

Fluoride operating income of 819 million last year, rose 5.96%; but only 48.35 million yuan net profit, down 39.50%. Basic earnings per share of 0.50.

Income does not increase the company profits last year, explained: Last year, the main raw material prices rose in varying degrees, although the product sales price go up, but the rising prices of raw materials costs led to operating margin is greater than the rate of increase in operating income; In addition, Foreign demand is still insufficient appreciation of the adverse impact of the export business.

Despite the poor performance, but Fluoride is still a hot subject on the secondary market; Wind Information statistics also show that as of the end of institutions to hold shares Fluoride 1003, accounting for the proportion of float caps reached 37.15%, compared with three 7.61 percentage points higher than the quarterly statements.

The layout in the field of lithium batteries is the main reason to attract institutional attention. Report, the company spent 129 million yuan of funds raised over the construction of "200 tons of lithium hexafluorophosphate" project following the announcement in January this year,Dell Inspiron 1720 battery product line basically built into the trial production stage, the report said the project will be fully completed this year. The reporter learned from the researchers at the project is currently at 50% capacity utilization is about all of this year can be produced, the annual output of 140 tons is expected to scale; to the current selling price per ton more than 300,000 yuan, 140 tons of production corresponding to at least 42 million yuan revenue.

In addition, the company announced in November last year, raised funds to invest in another ultra - "Ah annual output of 100 million Li-ion battery power project", the original plan of the construction period for the December 2010 ~ June 2012. But report shows that a production capacity of 50 million Ah put into operation in the first half of this year, compared to the previous survey researchers learned that the company went ahead of time.

Lithium-intensive projects will be launched

March 1 Fluoride equity incentive published the draft, the exercise price determined as 69.98 yuan; industry mainly in the threshold assessment base for 2010, 2011 and 2014, respectively, four-year net profit growth of not less than 30%, 60 %, 120% and 180%.

Lithium, the 100 million Ah lithium battery powered lithium manganese-based projects, is currently in pilot stage, will be fully completed in June next year. Another pile 3.44 billion total investment over the project raised, according to the original plan, will be completed in December this year, a building, built in the electrolyte 5,000 tons / year, lithium hexafluorophosphate 500 tons / year, battery grade lithium fluoride 200 tons / , the electronic grade hydrofluoric acid, 2,500 tons / year production line; in 2012, is the second phase of construction, including 5,000 tons / year electrolyte production lines and 500 tons / year of lithium hexafluorophosphate production line; 2013 Phase III, electrolyte will build 10,000 tons / year,dell Inspiron 1525 battery lithium hexafluorophosphate 1,000 tons / year, battery grade lithium fluoride 200 tons / year, electronic grade hydrofluoric acid, 2,500 tons / year production line.

Its main industry, the current fluoride, hi Pan Northeast winds securities analysts think this year will benefit from the current trend in product prices; 2011 the company will add approximately 30,000 tons of aluminum fluoride production this year is expected this part of the revenue and profitability will be increased. DEKRA Group said it would promote international standards of electric vehicles in Europe

With the rapid development of China's auto market, multinational companies are involved in automobile testing Stock Watch the Chinese automotive market. Yesterday (March 31) international professional inspection and certification body DEKRA Group announced a new Asia headquarters in Shanghai. Stefan Kolbl DEKRA Group, Chairman of the Board to accept the "Daily Economic News" interview, said, "The company has been involved in standards development of electric vehicles in Europe and hope to promote the internationalization of the standard."

Automobile manufacturing industry as a key link, DEKRA Group is not well known. DEKRA Group is the world's leading industrial inspection and certification organization, headquartered in Stuttgart, Germany. DEKRA Group is principally engaged in three parts: the automotive sector, industrial operations and personnel operations. DEKRA Group in 2010, more than 1.8 billion euros turnover.

Among them, the automotive sector in 2010 reached 1.1 billion euros of total revenue, the industrial business sector to reach 500 million euros of total revenue, dell Inspiron 1526 battery total revenue of business unit personnel to reach 3 billion euros.

Stefan Kolbl on the "Daily News" the reporter said, "Now DEKRA 400 people in China, I hope that the future development to 1000, the business income than 10 billion yuan. DEKRA late to enter the Chinese market, automotive sector sales only 20% share of the global business contrary, we will speed up the layout of the automotive business in China. "

"DEKRA started in the automotive testing, currently only private testing business in the country and the original model testing in the future we will import the management and assessment of used cars, parts detection, and vehicle performance testing and other services to expand auto business in China, hope that some of the domestic M & A testing organization, "Stefan Kolbl said.

Stefan Kolbl revealed at the DEKRA has already started on the electric vehicle standards. Earlier this year, DEKRA in the global headquarters in Stuttgart, the establishment of the electric car center, actively engaged in electric vehicles and related products and parts approval and test specifications and standards,Dell HP297 battery product safety, crash test, and related certification and training.

Stefan Kolbl said the company is actively involved in creating the relevant European standards and frameworks, and hope that the European standards of electric vehicles as the global standard.