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Yongxing Special Materials TechnologyLtd (SZSE:002756) Is Very Good At Capital Allocation
Guolian Securities: There is still a possibility of further decline in lithium prices in the second half of the year, and it is expected to accelerate the clearing of production capacity at that time.
Zhitong Finance and Economics App learned that Guolian Securities released a research report stating that based on the import volume of lithium salts in China from January to June, domestic production and sales of new energy, the current supply of lithium salts is still in a loose state. In the previous round of the lithium cycle, lithium resource stocks hit the bottom before lithium prices, and current lithium prices have reached the cash cost of high-cost suppliers. If the supply and demand remains loose in the second half of 2024, it is not ruled out that lithium prices may further decline, and then it is expected to accelerate production capacity clearance. In the new cycle, targets with secure resources and increasing production capacity each year are more elastic. Recommendation: Sinomine Resource Group (002738.SZ), Tianqi Lithium Corporation.
Yongxing Special Materials Technology: 2024 Interim Performance Forecast
Yongxing Special Materials Technology (002756.SZ) expects a year-on-year decline of 56.93%-62.7% in net income for the first half of the year.
Yongxing Special Materials Technology (002756.SZ) announced that its net income for the first half of the year is expected to be between 710 million yuan and 820 million yuan, a decrease of 56.93% to 62.70% compared to the same period last year. Non-GAAP net income is expected to be between 540 million yuan and 650 million yuan, a decrease of 65.96% to 71.72% compared to the same period last year. From January to June 2024, the company increased its business in special steel new materials, expanded its market share, and continued to adjust and optimize its product structure, steadily improving its profitability. However, in the company's new energy fund, the price of lithium carbonate in carbonated lithium
Yongxing Special Materials Technology (002756.SZ) has repurchased 1.87% of its shares.
Yongxing Special Materials Technology (002756.SZ) announced on July 2nd that as of June 30th, 2024, the company has repurchased a total of 10,065,888 shares through a repurchase special securities account using centralized bidding trading method, accounting for 1.87% of the total share capital of the company. The highest fill price was 53.05 yuan/share, the lowest fill price was 35.54 yuan/share, and the total transaction amount was 458 million yuan (excluding transaction costs, etc.).
Guolian Securities: Significant increase in May's supply of lithium carbonate, further easing of supply.
Based on the import volume of lithium salts in China from January to May, as well as the domestic production and sales volume of new energy, the current supply of lithium salts is still in a loose state.
Yongxing Special Materials Technology Co.,Ltd (SZSE:002756) Held Back By Insufficient Growth Even After Shares Climb 26%No Data
