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After Leaping 25% Do-Fluoride New Materials Co., Ltd. (SZSE:002407) Shares Are Not Flying Under The Radar
Do-fluoride new materials (002407.SZ): Currently, the price of lithium carbonate is relatively low, with limited room for further decline.
Gelonghui September 30th | Do-Fluoride (002407.SZ) stated at an investor relations event that currently lithium carbonate prices are relatively low, with limited room for further decline. In recent years, domestic and foreign lithium carbonate production capacity has been continuously expanding, resulting in abundant market supply. Against the backdrop of oversupply, some high-cost production capacity may be forced to exit the market. However, with the continuous improvement in the new energy autos and energy storage business, lithium carbonate prices are expected to stabilize in the future.
Do-Fluoride New Materials (002407.SZ): In September, the company's shipment volume saw a significant increase year-on-year, with the number of orders showing an increasing trend.
Gelonghui September 30th | Do-fluoride new materials (002407.SZ) stated at the investor relations event that price increases will definitely contribute positively to profits, but this price increase is relatively short-term and will not have a significant impact on third-quarter performance. Looking at a longer timeframe, the rise in lithium hexafluorophosphate prices is beneficial for the recovery of the lithium battery materials industry. In terms of shipments, the third quarter was basically flat compared to the second quarter, but in September, the company's shipments showed a significant increase year-on-year, with the number of orders showing a growing trend.
Do-Fluoride New Materials (002407.SZ): This price increase is not significant, only about 5%-8%.
Gelonghui September 30th | Do-fluoride new materials (002407.SZ) stated at the investor relations event that, first, the prices of raw materials such as hydrofluoric acid and phosphorus pentachloride have increased, leading to an increase in hexafluoride prices; second, due to the long-term low prices of hexafluoride, some manufacturers have been operating at a loss, resulting in production stoppages or reductions, leading to a temporary shortage in the market. This price increase is not significant, only around 5%-8%. For companies with long-term negative cash flow, profitability has not improved significantly because raw material prices have also increased. With some production lines of companies shutting down, market supply will decrease, and it is expected that prices will continue to rise in the short term.
Do-Fluoride New Materials to Set Up 100 Million Yuan New Materials JV; Shares Up 3%
Do-Fluoride New Materials (002407.SZ): Jointly established Henan Do-Fluoride Kunlun New Materials Co., Ltd. with Xianghe Kunlun.
Gelonghui September 25th | Do-fluoride new materials (002407.SZ) announced that on September 25, 2024, in Zhongzhan District, Jiaozuo City, Henan Province, the company signed a "Joint Venture Operation Agreement" with Xianghe Kunlun New Energy Materials Co., Ltd. (hereinafter referred to as "Xianghe Kunlun"), jointly investing to establish a joint venture company, Henan Do-fluoride Kunlun New Materials Co., Ltd. (hereinafter referred to as "Joint Venture Company"), with a registered address in Jiaozuo City, Henan Province, and a registered capital of 0.1 billion yuan. Among them, do-fluoride new materials contributed 90 million yuan in mmf, accounting for 90% of the investment; Xianghe Kunlun contributed 10 million yuan in mmf, accounting for 10% (basic situation).
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