Core viewpoints
1. In the first half of 2023, the company realized a net profit of-410 million yuan, with a drop of 171.97%, a decrease of 171.97%, a single-quarter net profit of-140 million yuan, a decrease of 172.43% and a monthly increase of 50.34%.
2. the increase and decrease in volume led to revenue growth in the first half of the year, but due to the influence of the production cycle, operating costs lagged behind the changes in the market prices of raw materials and products, and the company's net profit decreased significantly compared with the same period last year.
3. Scientifically organize production, operate at full capacity with a capacity of 2.82 million tons, and the utilization rate of production capacity exceeds 100.
4. the new projects are carried out as scheduled, the preparatory projects are advancing steadily, and the overseas projects are actively promoted, and the company's production capacity is expected to grow rapidly. By the end of 2023, the company is expected to form a production capacity of 80,000 tons of anode materials, and by the end of 2025, the company has signed a contract to increase the production capacity of pre-baked anodes to 5 million tons.
Event
The company issues its 2023 half-yearly report
In the first half of 2023, the company realized operating income of 8.13 billion yuan, an increase of 2.09% over the same period last year; realized net profit of-410 million yuan, down 171.97% from the same period last year; and realized net profit of deducting non-parent net profit of-410 million yuan, down 172.43% from the same period last year. The net profit of 2023Q2 reached-140 million yuan, down 133.10% from the same period last year, an increase of 50.34% over the previous year.
Brief comment
Volume increase and price decrease led to revenue growth in the first half of the year, and cost lag led to profit decline: 2023H1, the company's self-production of pre-baked anodes was 1.4559 million tons (+ 10.0%); sales of pre-baked anodes were 1.4209 million tons (+ 12.3%), of which export sales were 294800 tons (- 11.8%) and domestic sales were 1.1261 million tons (+ 20.9%); the company produced 12900 tons of lithium anode products and sold 0.9 million tons of lithium anode products.
Price: according to Baichuan Yingfu, 2023H1 domestic average price of pre-baked anode is 5774.2 yuan / ton, down 10.9% from the same period last year.
Ben: due to the influence of the production cycle, the operating cost lags behind the changes in the market prices of raw materials and products, and the company's net profit has dropped significantly compared with the same period last year.