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Guolian Securities: The lithium battery equipment industry is expected to usher in a boom after the domestic market is phased out
Guolian Securities believes that it is currently at the bottom of the main lithium battery industry chain. After experiencing this round of industry adjustments, advanced production capacity in the market is still insufficient, and against the backdrop of continued growth in terminal demand, leading domestic lithium battery companies may restart and expand production in order to consolidate their market share.
Lithium batteries have brought a benefit
Marginal improvement
Tianneng Power (00819): The net profit of Tianneng Co., Ltd. (688819.SH) in the first quarter was 502 million yuan, a year-on-year decrease of 18.64%
According to the Zhitong Finance App, Tianneng Power (00819) announced the results of its subsidiary Tianneng Shares (688819.SH) for the three months ended March 31, 2024. The group achieved revenue of 9.328 billion yuan (RMB, same below) during the period, a year-on-year decrease of 13.24%; net profit of 502 million yuan, a year-on-year decrease of 18.64%.
天能動力:內幕消息天能電池集團股份有限公司截至二零二四年三月三十一日止三個月的未經審核財務資料
The total cumulative output of power and other batteries in China in the first quarter was 184.6 GWh, a cumulative year-on-year increase of 33.5%
The Zhitong Finance App learned that on April 11, the China Automobile Power Battery Industry Innovation Alliance released monthly power battery information for March 2024.
Lithium Market Struggles to Recover After Epic Boom and Bust
Prices have bottomed out but have struggled to meaningfully rebound, partly because miners, refiners and carmakers are still working through a mound of surplus stock clogging up the supply chain.
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