countertopvideopokermachine| The leader of tens of billions of A-shares is popular! More than 270 institutions showed up at an exchange meeting

China Fund Daily

This week (April 8-12) A shares fluctuated and the Shanghai Composite Index fell 1.Countertopvideopokermachine.62% to close at 3019.47 points. The Shenzhen Composite Index and the gem Index fell 3.32% and 4.21% respectively throughout the week.

On the market, only public utilities, coal, non-ferrous metals (in case) industry weekly line received red. Real estate, agriculture, forestry, animal husbandry and fishing, and non-bank financial sectors led the decline. Hot concepts, gold jewelry, tourism, excavators and other active trends.

Market shock finishing, superimposed earnings window and other factors, this week institutional research heat cooling. As of 18:00 on April 12, only 77 A-share companies had disclosed harvest institutional investor research, according to Choice.

Taking a specific look at the institutional research path this week, the research targets are mainly distributed in the electronic, mechanical equipment and basic chemical industries, with 11, 10 and 8 companies in the sector ushering in the survey. From the perspective of the theme, the organization still focuses on the main line of performance during the week.

In terms of popularity research, 10 companies, such as Rongbai Technology, Huiding Technology, Okco billion, Shengyi Electronics, Weixing New Materials, Wuzhou Special Paper and so on, have received more than 100 organizations.

Judging from the number of institutions that disclose the research, Rongbai Technology is the most popular this week. Rongbai Technology is the leader of ternary materials, and it is also a member of the concept plate of solid-state battery which is very hot recently. Last year, the company shipped about 100000 tons of ternary cathode materials, an increase of 11% over the same period last year, with a global market share of more than 10%, ranking first in the industry for three consecutive years.

Rongbai Technology released its annual report on the evening of April 11. The company's operating income reached 22.657 billion yuan in 2023, down 24.78% from the same period last year.CountertopvideopokermachineThe net profit from home was 581 million yuan, down 57.07% from the same period last year; and the basic earnings per share was 1.27 yuan. The company intends to distribute a cash dividend of 3.03 yuan (including tax) to all shareholders for every 10 shares.

On the day of the release of the annual report, Rongbai Technology held a telephone exchange meeting with investors, including Gao Yi Asset, Huaxia Fund, Southern Fund and other well-known institutions, with a total of 271 institutional investors attending the meeting.

Research records show that the main reasons for the decline in Rongbai's scientific and technological performance include: the price of lithium salt, the main raw material, fell sharply in 2023, which adversely affected the company's revenue and profits; the company has increased strategic investment in the global layout (South Korea, Europe and the United States), lithium ferromanganese phosphate and sodium electricity product development, which has a certain impact on the current profit. The company has adopted an active market competition strategy to ensure the improvement of market share, which has a certain impact on the current gross profit.

In addition to performance, institutional investors focus on the company's progress in solid-state battery development. According to Rongbai Technology, in April 2022, the company has signed a strategic cooperation agreement with Weilan New Energy to carry out comprehensive cooperation in the field of semi-solid-state batteries. At present, the company has successfully developed a variety of high-nickel / ultra-high-nickel ternary cathode materials suitable for semi-solid / all-solid-state batteries, among which the battery products matched with semi-solid-state battery cathode materials have been used in end-customers' ultra-long life models. All-solid-state battery cathode materials have been fully recognized by industry head customers.

Rongbai Technology also said that it has completed the development of a variety of solid electrolyte materials, including sulfide solid electrolyte, oxide solid electrolyte, halide solid electrolyte and so on. At the same time, the company has successfully developed the technology of preparing solid electrolyte membrane by wet and dry electrodes, and has cooperated with customers at home and abroad, and has been praised by customers.

Recently, solid-state battery technology has attracted much attention from the market. On April 8, the super smart car Zhiji L6 of SAIC was officially unveiled, which is equipped with the industry's first mass-produced "ultra-fast charged solid state battery 1.0". On April 9, GAC Aian's Haopin brand announced the release of its "all-solid-state" battery on April 12. Solid-state battery stocks soared on April 9, with Rongbai Technology up more than 16% on the day. However, the stock pulled back in the next three trading days, rising more than 2 per cent throughout the week, closing at 32.55 yuan per share, with a total market capitalization of about 15.8 billion yuan.

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