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

new power lithium battery industry’s heavy investments in the dynamic

New energy vehicles are also central to the most valuable part of investment, the market shares of capital on the pursuit of power lithium battery is also heating up again.

Yesterday, Cheng Fei integration,dell laptop battery Desai battery Ganfeng Lithium 3 lithium stocks and emerging markets to drive strong lithium battery plate again. Which integrated into the flight from July 6 rose as high as 161% since the resumption of trading. However, information from public view, lithium batteries is not profiteering industry, investors wary of chasing high-quilt.

It need waiting a long time in a year, the seven new industry planning has finally made substantial progress gradually. Following the completion of the National Energy Board prepared and submitted to the “new energy development plan,” after this week there are reports that, led by the Ministry of Industry and the development of “new energy vehicles and automobile industry development plan” has completed the formulation of the draft, by the end of September 7 major strategic development of new industries planning programs all at a time.

In the July 19 rose 7.12% to continue after the integration into selected high flying sideways trend, stock prices remain above 20 Yuan to run. Sideways half a month later, sealing the daily limit yesterday, the stock price has soared 161% since the resumption of trading, while record high.

Yesterday, shares of the overall strength of new energy vehicles. Among them, the lithium is particularly eye-catching concept stock performance, dell 4834T battery, integration into the flight, the battery Desai, Ganfeng Lithium collective daily limit of three units; when l Technology, 100 000 000 Wei Li energy, ocean machine, dell Inspiron 2000 battery, dell Latitude LS battery, dell 2834T battery, dell 4834T battery, the torch high and so are all more than 3% of increase; Section power far, Tibet Mining, CITIC Guoan, Fluoride and other firms also have a good rose.

Lithium stocks is the star of the recent stock market in order to calculate the latest month rose stock index rose 10.2%, but the lithium stocks rise in the number of shares more than 20%. Which, integrated into the fly up about 58.2% a month, leading the entire plate; Branch power away about a month rose 38.2%, followed by; Ocean Motor rose by about 32.06% over the same period gains were only about 10.2%. Jiangsu Guotai, the torch high-tech, mining in Tibet, Desai battery, Fluoride, CITIC Guoan, 100 000 000 Wei Li can, when the rise of science and technology over the past month rose more than 20% also generally outperformed the broader market.

According to “Panorama data terminal decision-making,” dell 2834T battery, Yesterday’s monitoring data shows that industry and Gan Feng Li Fei integrated into the relative ranking among the top five net capital inflows. Shenzhen Stock Exchange’s public information display, the concept of unit operations involved in lithium battery to the main idle capital, institutional capital is rarely seen in the bid chart. Yesterday Ranking of Ganfeng Lithium integrated into the flight, Desai battery no representation on the appearance.

Effect is becoming apparent in the money; the lithium battery relay plate is becoming hot money toys. Has always been sensitive to smell death squads known daily limit sales South Jiefang Road, Ningbo, China Everbright Securities Department, is relieved yesterday sold 4.12 million Yuan into the fly integration, ranked stock sell list first. Show some hot money began to retreat from the hot stock.

Many enterprises have set foot in this popular new power lithium battery industry’s heavy investments in the dynamic behind the lithium battery industry, the actual earnings do?

As the province and even the earliest one of the enterprises involved in Li-ion battery, dell Latitude LS battery, which began in 1999 after years involved in lithium battery industry. But according to the company’s stakeholders that the existing company’s lithium business accounts for 30% of the company’s total revenues to 40% profit margin at 16%, not “profiteering” industry.

To Shanshangufen more well-known in the industry as cathode material, for example, dell Inspiron 2000 battery, dell Latitude LS battery, dell 2834T battery, dell 4834T battery, in 2009 sales revenue of 414.09 million Yuan, net profit of 23.06 million Yuan, the main products of lithium cobalt oxide. 80% of the cost of lithium cobalt oxide fluctuates significantly. Cobalt oxide huge gains in 2008, thus causing Shanshangufen adversely affected gross margin.

In addition, a lithium battery company Huafang Textile be a battery in the field in the formation of leading-edge technology companies, but its 2009 Annual Report, the company’s textile business is still the main motive power battery business has not yet contributed.

In fact, according to the latest research report Guoyuan Securities display, automotive lithium battery industry is gradually becoming a rational industrial chain, dell Inspiron 2000 battery cell companies are also beginning to profit from the losses. However, the current-related companies are only in small batch production phase, production and marketing costs are high, and Pinzhong, brand relative one, from large-scale production have a long way to go, lithium batteries have yet to be excavated for future investment opportunities.