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Is Now An Opportune Moment To Examine Shijiazhuang Shangtai Technology Co., Ltd. (SZSE:001301)?
GF SEC: The domestic consumption of new energy runs through the main line, and the three rounds of expectation differences lead to continued over-expectation in energy storage installation.
The price parity of light storage opens up installation growth space, with global energy storage grid connection scale expected to be 187/269/365 GWh from 2024 to 2026, year-on-year growth of +74%/44%/36%.
Shijiazhuang Shangtai Technology Downsizes Lithium Battery Project
Gelonghui Announcement Highlights | COSCO Shipping Holdings: It is expected that the Net income attributable to the parent company in 2024 will be approximately 49.082 billion yuan, an increase of about 105.71% year-on-year; Beken Corporation: The related
【Hot Topics】Ningbo Techmation (603015.SH): No involvement in humanoid robot business. Suzhou MedicalSystem Technology (603990.SH): As of now, Suzhou Youmai has been established, with relatively small project investment at the moment. Beken Corporation (603068.SH): The proportion of related chip products in the 2024 revenue is relatively small. 【Project Investment】Shanxi Shantai Technology (001301.SZ): Shanxi Shantai plans to invest 4 billion yuan to build an integrated project with an annual production capacity of 0.2 million tons of Anode Material for Lithium-ion Batteries. Harbin Electric Corporation Jiamusi Electric Machine (000922.SZ): The motion control company plans to invest 0.381 billion yuan to construct a new multifunctional high-temperature high...
Shanxi Shangtai Technology (001301.SZ) plans to invest 4 billion yuan to construct an integrated project with an annual output of 0.2 million tons of lithium-ion Battery Anode Material.
On January 10, Gelonghui reported that Shangtai Technology (001301.SZ) announced that earlier, its wholly-owned subsidiary Shanxi Shangtai Lithium Battery Technology Co., Ltd. (hereinafter referred to as "Shanxi Shangtai") signed an "Investment Cooperation Agreement" with the People's Government of Xiyang County, Jinzhong City, Shanxi Province. Shanxi Shangtai plans to invest in an integrated project with an annual production capacity of 0.3 million tons of lithium-ion Battery Anode Material in Xiyang County, with an investment amount of approximately 12 billion yuan. As of the date of this announcement, part of the land for the project was previously coal mine pit land. The government has invested heavily in land leveling, which presents certain objective difficulties, hence the actual construction has not progressed.
In January, lithium battery companies' production scheduling improved, and the supply-demand relationship is expected to continue to improve after the Spring Festival.
① Recently released data from Shenzhen GaoGong Industry Research Institute indicates that lithium battery companies are expected to adjust their production schedules upwards in January 2025. ② A Research Report from Soochow states that production is expected to rebound rapidly after the Spring Festival, and the supply-demand relationship will continue to improve.
Downgrade: Here's How Analysts See Shijiazhuang Shangtai Technology Co., Ltd. (SZSE:001301) Performing In The Near Term