On Tuesday, stimulated by the positive news, the market opened high and closed high, and the stocks rose across the board, and there were less than 800 stocks that fell in the two markets. Faced with the strong market, Yongxing Materials (002756) 's stock price hit the limit against the market . On the 29th, Yongxing Materials opened slightly higher in the morning , and then the stock price fluctuated downward. In the afternoon, the stock even experienced a rapid plunge in . As of the close, the stock closed at 102.28 yuan per share, a drop of 10%. The turnover of was 42.06 billion yuan, and changed hands 7.04%.
reporter noticed that as a secondary new stock, Yongxing Materials has experienced a bull market in the past two years, rising 202.06% in 2020 and 173% in 2021, far exceeding the market during the same period. The stock price also rose from the lowest price of 11.32 yuan per share to the highest price of 175.99 yuan per share, successfully advancing to the ranks of 100 yuan stocks. However, since the beginning of this year, the stock price has continued to adjust, and as of the closing on the 29th, the stock has fallen by more than 30% this year.
data shows that Yongxing Materials’ main business is special steel new materials business and lithium battery new energy business. The company's main products are stainless steel rod wires and special alloy materials, battery-grade lithium carbonate , and the domestic market share of stainless steel rod wires has been firmly ranked first in the top two for a long time.
It is worth noting that Yongxing Materials announced at noon on the 29th that recently, the lithium carbonate smelting production line of the company's wholly-owned subsidiary Yongxing New Energy was temporarily suspended due to the need to cooperate with environmental protection investigations. Yongxing New Energy is the main implementation platform for Yongxing Materials lithium battery new energy business. According to the third quarter report of Yongxing Materials, from January to September 2022, the company's lithium battery new energy business achieved sales of 13,770 tons of lithium carbonate and a net profit of 4.032 billion yuan. Regarding the suspension of production, Yongxing Materials stated that it is currently impossible to determine the specific time for the lithium carbonate smelting production line to resume production, and the specific impact of this temporary suspension on the company's performance cannot be predicted.
Although the company encountered sudden negative news, the reporter noticed that on November 3, 15 institutions conducted research on the company. During the exchange with the institutions, Yongxing Materials stated that the company's project is currently progressing smoothly. The second phase of the battery-grade lithium carbonate project was fully production in October. It currently has an annual production capacity of 30,000 tons of battery-grade lithium carbonate . The 1.8 million tons of ore dressing project with an annual output of 1.8 million tons has been put into use and is in the process of climbing production capacity. The two projects in the preparation stage are mainly: the 3 million tons/year high-efficiency ore ore dressing and comprehensive utilization project implemented by Yongcheng Lithium and the ore transportation belt corridor project implemented by Yongxing New Energy. Feasibility study reports and production line design are currently being prepared.
reporter Tang Xiaofei
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