Comments lithium battery concept
Lithium superior performance, versatility, most prospects are bright. Relative to the lead-acid batteries, nickel cadmium batteries, nickel metal hydride battery rechargeable batteries, lithium batteries with high energy density, long cycle life, self-discharge rate is small, no memory effect and highlight the advantages of green environmental protection. Lithium batteries as the technology advances in people’s lives have been widely used, such as portable electronic products, new energy, transport and storage and other fields.
The future of electric cars will drive the growth of lithium material over several times. It is estimated that a pure electric car needs 40-50 kg of cathode materials and electrolyte, the consumption of a single mobile phone battery is about a million times. According to our estimates, only required to produce 100 million electric cars lithium-ion battery materials, lithium battery materials will be the world’s total demand of the times. Therefore, the promotion will drive electric cars lithium-ion battery materials show explosive growth in demand.
Status of the global lithium industry: batteries and material market share in Japan and South Korea in the position of absolute, Japan and South Korea leading enterprise technology. Global Li-ion battery industry is mainly concentrated in Japan, China and South Korea three countries, with China, South Korea Li-ion battery manufacturing technology development and promotion of the proportion of Japan’s shipments of lithium batteries is gradually reduced. The rapid development of lithium battery materials enterprises in China, but the comprehensive technical strength point of view, Japan, South Korea’s leading enterprises are still in that position, behind China, Japan, about 2-3 years, in the big but not strong, with great room for improvement.
Thin film lithium battery materials and lithium hexafluorophosphate electrolyte technology the highest threshold. Lithium lithium carbonate lithium battery materials upstream of key raw materials, “technology + resources” oligopoly barriers to building structure; lithium battery cathode materials: highly competitive, technologically advanced as the key; lithium battery electrolyte will gradually realize the import substitution, lithium hexafluorophosphate electrolyte was the largest Aspect; lithium thin film technology extremely difficult, at present the basic dependence on imports.
The concept of dark horse ==== ==== lithium battery
January-September 2010, into an integrated operating income of flying 175 million, an increase of 56%, net profit attributable to parent company 3,110 yuan, an increase of 14%. 3 quarter operating income of 7,789 yuan, an increase of 164%, a decline of 14%, net profit attributable to parent company 9.59 million yuan, an increase of 21%. Slightly below our expectations, EPS: 0.05 yuan.
Subsidiary production, costs. Company holding 55% of the Swiss subsidiary of integrated production Hu, subsidiaries Main car dies, stamping parts, white body. As the business has not mass production, unit costs, resulting in the company gross profit margin.
3-quarter net profit was 12.3%, a decline of 9 percentage points. We believe that transfer solid subsidiaries new product lines, product does not reach the expected amount of progress, resulting in net profit rate decline. 4-quarter growth as capacity utilization, net profit margin is expected to gradually rise.
Involved in the field of lithium batteries. The company announced in July, to be not less than 9.7 yuan / share price, not more than 10,600 non-public offering of shares, all of the net for the replenishment of the Missile Institute of China AVIC subsidiary of lithium, the company intends to total 1.02 billion capital increase the total capital increase in flight after about 60% of the shares of lithium to achieve absolute control. AVIC lithium a project is only two production lines and 30 million AH capacity, a rough estimate with 10 million electric vehicle support capacity; placement project is expected to more than 40 production lines, production capacity reached 680 million AH, Pure electric vehicles supporting capacity of more than 200 million units. New capacity generated net profit of 374 million / year, if the whole of 2013 production, in accordance with the additional measurement of the total share capital of 23,489, EPS thickness of about 1.59 yuan.
Disclaimer: This comment has been based on public information, but does not guarantee the accuracy or completeness of such information. In any case, the information in this report or the views expressed do not constitute investment advice of any person, under which investors operate your own risk.
