-(3)Key raw material prices for lithium batteries have risen, downstream demand continues to rise, and the list of concept stocks has been released

(3)Key raw material prices for lithium batteries have risen, downstream demand continues to rise, and the list of concept stocks has been released
author:enerbyte source:本站 click306 Release date: 2023-11-09 08:31:24
abstract:
In recent years, the combination of favorable policies has driven the steady increase in sales of new energy vehicles. According to the China Automobile Association, in December 2020, the production and sales of new energy vehicles exceeded 200000 units, with a cumulative production and sales...

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In recent years, the combination of favorable policies has driven the steady increase in sales of new energy vehicles. According to the China Automobile Association, in December 2020, the production and sales of new energy vehicles exceeded 200000 units, with a cumulative production and sales of 1.366 million and 1.367 million units, respectively. The sales of new energy vehicles in 2021 are expected to be 1.8 million units, an increase of 40% year-on-year. The continuous rebound in the new energy vehicle market has driven the demand for lithium copper foil to continue to rise. In addition to new energy vehicles, the construction of 5G base stations in China has accelerated, and the demand for high-frequency and high-speed printed circuit boards has also shown a rapid upward trend.

The production expansion of domestic copper foil companies is slow. There are many expansion plans for domestic copper foil companies in the future, but based on the progress tracked in 2020, the actual expansion is lower than expected. Except for the Chaohua Technology 8000 ton project, which was put into operation in November 2020, other projects are progressing slowly. The important reasons are the long ordering cycle of copper foil equipment and the production constraints of equipment manufacturers.

List of individual stocks in the copper foil industry chain

Dongwu Securities believes that benefiting from the increased penetration rate of downstream new energy vehicles, intensive construction of 5G base stations, and a significant increase in the IDC market, the supply and demand pattern of the copper foil industry will improve, and price increases will be sustainable. According to rough statistics from Securities Times and Databao, there are a total of 9 A-share listed companies that have laid out copper foil production. Today, there was a general pullback, with only Chujiang New Materials and Jiangxi Copper rising by 4.93% and 1.84%, respectively.

Chaohua Technology is one of the few listed companies in China that covers the entire industry chain of copper clad laminate, electronic copper foil, and lithium battery copper foil. The company has added 8000 tons of copper foil production, and the current copper foil production has reached 20000 tons. The company has 6 μ Mass production capacity of lithium copper foil. Chaohua Technology has recently made a correction, with a cumulative decline of 11.85% in three trading days.

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