Zhenhua New Materials: It is expected to increase significantly from January to June 2022, with a profit of 650 million to 700 million yuan

On July 21, 2022, Zhenhua New Materials (Code: 688707.SH), a listed company of A-share listed companies, released the semi-annual report performance preview. From 100 million to 700 billion yuan, net profit increased by 330.29%year -on -year to 363.39%.

The company makes the above prediction based on the following reasons:

(1) In the first half of 2022, the new energy vehicle power battery market grew rapidly. The company's downstream customers demanded strong demand for positive electrode materials. With the release of Yilong Phase II project production capacity, the sales of products in this issue increased rapidly year -on -year. At the same time, in the first half of 2022, the main raw material market price of the upstream raw materials in the first half of 2022 has driven the company's sales prices to increase the sales price accordingly. The above factors led the company's operating income in the first half of 2022.

(2) The company's production capacity utilization rate in the first half of 2022 was at a relatively high level. The scale effect release drove cost reduction and efficiency of the production and manufacturing links. At the same time, the company's procurement layout on the raw material side was effectively controlled, and the cost of raw material costs was effectively controlled, and the profitability improved rapidly.

(3) The company's new product research and development and industrialization effect is significant. The structure of the positive material products is gradually optimized. The stable volume of high -nickel, medium and high nickel low cobalt products, effectively improving the company's profitability.

Zhenhua New Materials, the company's full name, Guizhou Zhenhua New Materials Co., Ltd., was established on April 26, 2004. The current general manager is to Guizhouxin. The main business is the research and development, production and sales of lithium -ion batteries.

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