“GEM One Brother” Ningde era once again sealed the spirit
Editor’s note: This article comes from WeChat public account “ geeks car “(ID: GeekCar), author: James Yang Jianwen.
“GEM One Brother” Ningde era once again sealed its spirit
On the first stock trading day after the Spring Festival, under the tragic situation of the limit of thousands of shares, the Ningde era gained a daily limit and was particularly conspicuous.
Today, that is, February 6, the stock price of Ningde Times reached a new record high at the close, reaching 169.89 yuan, with a total market value of 37.185 billion yuan, equivalent to one-third of the market value of Tesla.
What happened?
The reason is not difficult to understand:
First, on January 21st, Ningde Times issued the “Annual Performance Forecast for 2019”, which is expected to report a net profit of RMB 4.064 billion to RMB 4.911 billion during the reporting period, a year-on-year increase of 20% -45%, which will decline in the auto market in 2019. Under such circumstances, such achievements can still be achieved, which has obviously exceeded expectations.
Second, on February 3, Ningde Times announced that it will supply Tesla with lithium-ion power battery products from July 2020 to June 2022. The Ningde era’s ability to enter Tesla’s supply chain is not only an identification of its technological strength, but also may bring the Ningde era into a new stage of development.
Third, on February 4, Panasonic stated that its battery factory joint venture with Tesla was profitable again, Tesla’s stock rose sharply, and the supply chain companies related to it also ushered in a surge. At the same time, many investment institutions bought a large amount.
At this point, the “GEM One Brother” Ningde era has once again become a god.
The challenges of the Ningde era
At present, the industrial concentration of the power battery industry is getting higher and higher. The Matthew effect of “Hengqianghengqiang” became more and more obvious. After years of advancement, Ningde Times has temporarily secured its position as a leading domestic power battery company. The market share increased from 40.7% in 2018 to 50.5% in 2019, accounting for half of the domestic power battery supply.
But behind the surging advance, the Ningde era