The first three quarters of this year, the production and sales of new energy vehicles, and the subsequent market is expected to continue high growth momentum. In this context, lithium enterprises ushered in the performance cash period. Recently disclosed three quarterly performance forecasts of listed companies generally show high growth.

　　On October 15, Ganfeng lithium industry disclosed the first three quarters of 2022 performance forecast shows that from January 1 to September 30, 2022, the company is expected to achieve net profit attributable to shareholders of listed companies of 14.3 billion yuan to 15.3 billion yuan, an increase of 478.29% to 518.73% over the same period last year. 518.73%; net profit after non-recurring gains and losses will be 13.3 billion yuan to 14.3 billion yuan, an increase of 831.45% to 901.48% over the same period of the previous year. In response to the reasons for the change in performance, Ganfeng Lithium Industry said that during the reporting period, with the rapid development of the new energy industry, the market demand for lithium salt products continue to grow, the price of lithium salt products remain at a high level, the company's lithium salt product sales and average sales price increased year-on-year, the company's lithium battery segment new projects have been put into production, production capacity gradually released, so the operating results increased significantly year-on-year.

　　And including Yahua Group, Tianhua super net, Rongjie shares, lithium energy, Tianqi lithium, Tibetan mining, Yongxing materials and other lithium stocks have also recently previewed the performance of the first three quarters to show different degrees of positive growth. Among them, Tianqi lithium industry forecast, the first three quarters of net profit increased by more than 27 times year-on-year. The company said that the operating income in the reporting period increased significantly compared with the same period of the previous year, mainly due to the impact of a number of positive factors such as benefiting from the global new energy vehicle boom, lithium-ion battery manufacturers to accelerate capacity expansion, downstream cathode material orders rebound. On this basis, the sales volume and average sales price of the company's main lithium products increased significantly during the reporting period compared with the same period of the previous year.

　　Industry insiders said, lithium ore and lithium salt-related listed companies performance soared mainly due to the first three quarters of the new energy high boom background lithium prices remain high. According to the China Association of Automobile Manufacturers statistical analysis, from January to September 2022, China's new energy vehicle production and sales reached 4.717 million units and 4.567 million units respectively, an increase of 1.2 times and 1.1 times year-on-year, with a market share of 23.5%. The production and sales of new energy vehicles are booming, and the production of power batteries is also growing rapidly. According to the statistics of China Automotive Power Battery Industry Innovation Alliance, in 2021, China's power battery production will be 219.7GWh, up 163.4% year-on-year; sales volume will be 186GWh, up 182.3% year-on-year; and the installed volume will be 154.5GWh, up 142.8% year-on-year. The shipment volume is expected to reach 470GWh by 2025.

　　Xingye Securities electric new team forecasts that from 2022 to 2025, global power battery, consumer battery and energy storage battery shipments are expected to reach 701.54GWh, 1055.35GWh, 1497.81GWh and 2035.51GWh respectively, corresponding to lithium carbonate demand of 477,600 tons LCE, 711,900 tons LCE, 100.42 With the development of new energy vehicles and energy storage industry, the battery industry will gradually increase its share in the downstream demand structure of lithium, according to this estimate, the global lithium salt demand is expected to be 767,600 tons LCE, 1,040,100 tons LCE, 1,394,800 tons LCE and 1,812,200 tons LCE from 2022 to 2025.

　　China Securities predicts that the future phase of new energy upstream raw materials and other terminal demand is still strong, the industry chain cost conduction pressure to further rationalize, lithium upstream materials is expected to continue the "high boom, high profit, low valuation" pattern. By Gao Wei, Beijing