Both "dual giants" suffered huge losses, with GANFENGLITHIUM expected to incur a loss of over 1.4 billion in 2024 | Interpretations
① GANFENGLITHIUM expects a net loss of 1.4 billion to -2.1 billion yuan last year, compared to a net income of 4.95 billion yuan in the same period last year; ② GANFENGLITHIUM stated that the performance change was mainly affected by the decline in sales prices of lithium salts and Lithium Battery products, the decline in the prices of financial assets held by the company, and additionally, the company made provisions for depreciation of inventory and other related Assets; ③ Known as the "Twin Heroes", both Tianqi Lithium Corporation and GANFENGLITHIUM have encountered losses, resulting in their worst performance since going public.
Year-on-year loss reversal, Tianqi Lithium Corporation is expected to lose over 7 billion in 2024 and plans to terminate the construction of the second phase lithium hydroxide project in Australia | Interpretations
① Tianqi Lithium Corporation expects a net loss of 7.1 billion yuan to -8.2 billion yuan in 2024, compared to a profit of 7.297 billion yuan in the same period last year; ② The company states that the reasons for the performance change are mainly the decline in lithium product prices and mismatch in pricing mechanisms, a drop in performance from the important associate company SQM, as well as an increase in asset impairment losses and foreign exchange losses; ③ The company plans to terminate the investment in the second phase of the lithium hydroxide project in Australia.
Target Price raised by 33%! JPMorgan is bullish on Contemporary Amperex Technology: technological innovation and global market expansion drive growth.
JPMorgan believes that due to the accelerated growth in sales, potential increases in unit economic efficiency, and its position as a CSI Leading Technology Index, the core competitive advantages of Contemporary Amperex Technology are promising. The target price has been significantly raised from 300 yuan to 400 yuan, indicating a potential increase of 53.9% compared to Tuesday's closing price.
A value-added rate of 2181.35%! Nanchip Technology plans to acquire 100% equity of Shengshengwei for no more than 0.16 billion yuan, focusing on the MCU chip Business.
1. Nanchip Technology stated that this acquisition is part of a strategy to "horizontally expand the product categories," adding the MUC chip business to its existing embedded chip foundation; 2. This acquisition was assessed using the market method, with Shengshengwei's evaluation of total equity attributable to the parent company's Shareholders being 0.161 billion yuan, an increase of 0.154 billion yuan, representing a growth rate of 2181.35%.
Electrolyte is trapped in a low stock price competition dilemma, with Rui Tai New Materials expecting a decline in net profit for two consecutive years | Interpretations
① Rui Tai New Material's projected Net income for 2024 is expected to decrease by about 80%, and the company will experience a decline in Net income for two consecutive years; ② The continuous release of production capacity for Battery materials has led to intensified competition in the Industry, with a noticeable decrease in product prices last year; ③ Due to substantial losses from the affiliated listed company Tonze New Energy Technology, the company expects to recognize investment losses of 0.075 billion yuan to -0.09 billion yuan.
The Chairman of Special Treat Baili has been subjected to disciplinary action by the Exchange. Can the new Chairman lead the company out of the "quagmire"? | Quick read of the announcement.
① The actual controller and current Director and President of ST Special Treat, Wang Hairong, and relevant responsible persons received the "Disciplinary Sanction Decision" issued by the Exchange; ② Recently, Lei Limeng became the new Chairman of ST Special Treat, and prior to this, his company Hunan Paile Technology purchased 10 million shares of ST Special Treat.
103998930 : Tesla seems too expensive, the rise is due to Trump buddy
Nonver 103998930 : but trump buddy drop. shd follow