财报PK揭秘新能源材料业隐忧 7类仪器或受波及
p style=" text-indent: 2em text-align: justify " strong style=" text-align: justify text-indent: 28px " span style=" font-family:宋体" 仪器信息网讯 /span & nbsp & nbsp /strong span style=" text-align: justify text-indent: 28px font-family: 宋体 " 对于科学仪器及检测行业来说,新能源电池的火热态势,带来了高速增长的机遇。在 /span span style=" text-align: justify text-indent: 28px " 2018 /span span style=" text-align: justify text-indent: 28px font-family: 宋体 " 年,锂电新能源行业已成为以材料分析为主体的仪器企业业绩增长的主要行业源之一。但是欣欣向荣的格局背后,真的就没有潜在的风险吗?近日,我国多家知名新能源材料上市企业:天齐锂业、新宙邦、星源材质、多氟多等已陆续发布 /span span style=" text-align: justify text-indent: 28px " 2019 /span span style=" text-align: justify text-indent: 28px font-family: 宋体 " 年上半年财报,仪器信息网编辑对其整理、 /span span style=" text-align: justify text-indent: 28px font-family: 宋体 " 对比和分析,将重要财务数据及相关产业分析汇总如下,希望从上游材料的维度,给从事新能源及相关检测行业的读者朋友带来具有一定价值的参考。 /span /p p style=" text-indent: 28px text-align: justify " strong span style=" font-family:宋体" 一 /span /strong strong span style=" font-family:宋体" 财务指标大 /span span PK /span /strong /p table border=" 1" cellspacing=" 0" cellpadding=" 0" width=" NaN" style=" border: none " align=" center" tbody tr class=" firstRow" td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 75" p style=" text-align: justify " strong span style=" font-family:宋体" 企业 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 71" p style=" text-align: justify " strong span style=" font-family:宋体" 营收 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 92" p style=" text-align: justify " strong span style=" font-family:宋体" 同比增长率 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 75" p style=" text-align: justify " strong span style=" font-family:宋体" 营业利润 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 157" p style=" text-align: justify " strong span style=" font-family:宋体" 同比营业利润增长率 /span /strong /p /td /tr tr td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 75" p style=" text-align: justify " span style=" font-family:宋体" 天齐锂业 /span strong /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 71" p style=" text-align: justify " strong span 25.89 /span /strong strong span style=" font-family:宋体" 亿 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 92" p style=" text-align: justify " strong span -21.28% /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 75" p style=" text-align: justify " strong span 6.38 /span /strong strong span style=" font-family:宋体" 亿 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 157" p style=" text-align: justify " strong span -69.2% /span /strong /p /td /tr tr td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 75" p style=" text-align: justify " span style=" font-family:宋体" 新宙邦 /span strong /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 71" p style=" text-align: justify " strong span 10.57 /span /strong strong span style=" font-family:宋体" 亿 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 92" p style=" text-align: justify " strong span 7.13% /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 75" p style=" text-align: justify " strong span 1.34 /span /strong strong span style=" font-family:宋体" 亿 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 157" p style=" text-align: justify " strong span 11.07% /span /strong /p /td /tr tr td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 75" p style=" text-align: justify " span style=" font-family:宋体" 星源材质 /span strong /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 71" p style=" text-align: justify " strong span 3.52 /span /strong strong span style=" font-family:宋体" 亿 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 92" p style=" text-align: justify " strong span 11.09% /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 75" p style=" text-align: justify " strong span 1.09 /span /strong strong span style=" font-family:宋体" 亿 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 157" p style=" text-align: justify " strong span 2.61% /span /strong /p /td /tr tr td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 75" p style=" text-align: justify " span style=" font-family:宋体" 多氟多 /span strong /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 71" p style=" text-align: justify " strong span 19.72 /span /strong strong span style=" font-family:宋体" 亿 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 92" p style=" text-align: justify " strong span 15.17% /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 75" p style=" text-align: justify " strong span 9900 /span /strong strong span style=" font-family:宋体" 万 /span /strong /p /td td valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " width=" 157" p style=" text-align: justify " strong span -49.11% /span /strong /p /td /tr /tbody /table p style=" text-indent: 28px text-align: justify " strong span style=" font-family:宋体" 二、财务指数变动分析 /span /strong /p p style=" text-indent: 28px text-align: justify " strong span style=" font-family:宋体" img style=" max-width: 100% max-height: 100% width: 100px height: 100px float: left " src=" https://img1.17img.cn/17img/images/201908/uepic/e6466b5c-c810-40e8-a457-0a4da22701e4.jpg" title=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及 (3).jpg" alt=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及 (3).jpg" width=" 100" height=" 100" border=" 0" vspace=" 0" / /span /strong span style=" font-family: 宋体 " 天齐锂业股份有限公司是我国最大的锂电新能源核心材料供应商之一,主导产品有电池级碳酸锂、工业级碳酸锂、电池级无水氯化锂、工业级无水氯化锂、电池级氢氧化锂、工业级氢氧化锂以及磷酸二氢锂、高纯碳酸锂和金属锂等。 /span span style=" font-family: 宋体 color: rgb(51, 51, 51) background: white " 其营收和净利润的大幅度下降 /span span style=" font-family: 宋体 " 主要有两点原因:一,随着行业供需格局的调整,锂化工产品价格发生较为明显的下降,致使同期收入降低;因 /span 2019 span style=" font-family: 宋体 " 年 /span 1~6 span style=" font-family: 宋体 " 月并购贷款增加,导致利息支出较上年同期大幅增加。对于天齐锂业在 /span 2019 span style=" font-family: 宋体 " 年上阕的大跳水,坊间甚至有媒体用跌落神坛,市场将重新洗牌等标题形容。另外值得一提的是,赣锋锂业的业绩预告显示,其净利润也将同比下降 /span 45%-65% span style=" font-family: 宋体 " 。由于正式的分析报告未出,因此暂时未列入财报数据的 /span PK span style=" font-family: 宋体 " 中。 /span /p p style=" text-indent: 28px text-align: justify " span style=" font-family:宋体" img style=" max-width: 100% max-height: 100% float: left width: 150px height: 75px " src=" https://img1.17img.cn/17img/images/201908/uepic/71e17525-9359-4f57-9a4d-5971d13e150a.jpg" title=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及 (3)1.jpg" alt=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及 (3)1.jpg" width=" 150" height=" 75" border=" 0" vspace=" 0" / 深圳新宙邦科技股份有限公司主营业务是新型电子化学品及功能材料的研发、生产、销售和服务,主要产品包括电容器化学品、锂电池化学品(主要产品为锂离子电池电解液,电解液添加剂和新型锂盐)、有机氟化学品、半导体化学品四大系列。公司的业绩增长得益于其电容器化学品、锂电池化学品业务和有机氟化学品业务的持续增长。 /span /p p style=" text-indent: 28px text-align: justify " span style=" font-family:宋体" img style=" max-width: 100% max-height: 100% float: left width: 150px height: 41px " src=" https://img1.17img.cn/17img/images/201908/uepic/12d53119-2162-4b24-9b53-ac6f4447f165.jpg" title=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及 (3)11.jpg" alt=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及 (3)11.jpg" width=" 150" height=" 41" border=" 0" vspace=" 0" / 深圳市星源材质科技股份有限公司是专业从事锂离子电池隔膜研发、生产及销售的新能源、新材料和新能源汽车领域的国家级高新技术企业,是锂离子电池隔膜有关国家标准的牵头单位和起草编委会副组长单位。其 /span span 2019 /span span style=" font-family:宋体" 年上半年业绩的增长主要来源于两点: /span span 1. /span span style=" font-family:宋体" 随着公司控股子公司合肥星源湿法隔膜产能逐步释放。 /span span 2. /span span style=" font-family:宋体" 公司锂离子电池隔膜产品销量实现快速增长, /span span 2019 /span span style=" font-family:宋体" 年 /span span 1-6 /span span style=" font-family:宋体" 月锂离子锂离子电池隔膜销量为 /span span 15,266.97 /span span style=" font-family:宋体" 万平方米,同比增长 /span span 35.90% /span span style=" font-family:宋体" 。但在星源材质的报告中也提到,受新能源汽车补贴退坡影响及锂离子电池行业降本压力的影响,隔膜产品价格有所下降,从而对公司 /span span 2019 /span span style=" font-family:宋体" 年上半年整体业绩增长幅度产生了一定影响。 /span /p p style=" text-indent: 28px text-align: justify " span style=" font-family:宋体" img style=" max-width: 100% max-height: 100% width: 100px height: 77px float: left " src=" https://img1.17img.cn/17img/images/201908/uepic/a83d4ae7-7233-4f4f-a731-3967734c69a1.jpg" title=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及11.jpg" alt=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及11.jpg" width=" 100" height=" 77" border=" 0" vspace=" 0" / 多氟多化工股份有限公司 /span span style=" font-family:宋体 color:#333333 background:white" 主要从事高性能无机氟化物、 /span span style=" font-family:宋体 background:white" 锂离子 span style=" color:#333333" 电池材料、半导体照明及光伏材料、 /span /span 纳米金属 span style=" color:#333333" 材料等研发、生产和销售。 /span 锂电池业务也成为其 span style=" font-family:& #39 Arial& #39 ,& #39 sans-serif& #39 color:#333333 background:white" 2019 /span span style=" font-family:宋体 color:#333333 background:white" 上半年营收增长的主要来源,公司积极调整锂电池用户结构,开发了奇瑞、海马等一批新用户,客户需求增加致动力锂电池业务收入增长、盈利能力提升。而营业利润的降低,主要是公司传统氟化盐传统业务量价均低于上年同期,主要产品毛利率下降,盈利能力降低。 /span /p p style=" text-indent: 28px text-align: justify " strong span style=" font-family:宋体 color:#333333 background:white" 三、透视财报背后 /span /strong strong /strong strong span style=" font-family:宋体 color:#333333 background:white" 高增量中的隐忧 /span /strong strong /strong /p p style=" text-indent: 28px text-align: justify " span style=" font-family:宋体 color:#333333 background:white" 虽然上述财报分析仅仅是我国新能能源材料业的一部分,但从中也可以窥探出一些端倪,应该说,从整体来看,我国的新能源材料产业仍然具有很大的增长空间,也能够不断地开拓新用户。然而新能源汽车补贴退坡和锂价的下降也是值得业内斟酌隐忧。 /span /p p style=" text-align:center" span style=" font-family:宋体 color:#333333 background:white" img style=" max-width: 100% max-height: 100% width: 600px height: 432px " src=" https://img1.17img.cn/17img/images/201908/uepic/ba8463fb-f028-4807-bb00-9284854cc0de.jpg" title=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及 (2)_看图王.jpg" alt=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及 (2)_看图王.jpg" width=" 600" height=" 432" border=" 0" vspace=" 0" / /span /p p style=" text-indent: 28px text-align: justify " strong span style=" font-family:宋体 color:#333333 background:white" 新能源汽车补贴退坡 /span /strong strong /strong /p p style=" text-indent: 28px text-align: justify " span 3 /span span style=" font-family:宋体" 月 /span span 26 /span span style=" font-family:宋体" 日,财政部、工业和信息化部、科技部、发展改革委联合发布《关于进一步完善新能源汽车推广应用财政补贴政策的通知》,明确降低新能源汽车补贴。该政策不仅让一路飙升的新能源汽车销量踩了刹车,也波及到了上游的新能源材料行业。 /span /p p style=" text-align: center " strong span style=" font-family:宋体" 新能源汽车补贴将大幅退坡 /span span 2018-2019 /span /strong strong span style=" font-family:宋体" 年新能源汽车补贴大对比 /span /strong /p p style=" text-align:center" span style=" font-family:& #39 微软雅黑& #39 ,& #39 sans-serif& #39 color:#444444 letter-spacing:1px background:white" img style=" max-width: 100% max-height: 100% width: 600px height: 411px " src=" https://img1.17img.cn/17img/images/201908/uepic/72d73594-a746-4cab-a50b-12331f49477a.jpg" title=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及.png" alt=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及.png" width=" 600" height=" 411" border=" 0" vspace=" 0" / /span /p p style=" text-indent: 28px text-align: justify " strong span style=" font-family:宋体 color:#333333 background:white" 锂价“跳水” /span /strong strong /strong /p p style=" text-align:center" strong span style=" font-family:宋体 color:#333333 background:white" img style=" max-width: 100% max-height: 100% width: 600px height: 400px " src=" https://img1.17img.cn/17img/images/201908/uepic/15758c0f-e166-41d2-9ac7-73c72b771bd0.jpg" title=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及 (5)_11.jpg" alt=" 财报PK揭秘新能源材料业隐忧 7类仪器或受波及 (5)_11.jpg" width=" 600" height=" 400" border=" 0" vspace=" 0" / /span /strong /p p style=" text-indent: 28px text-align: justify " span style=" font-family:宋体" 现如今,我国的碳酸锂已由供不应求转向产能过剩,价格一降再降导致多家锂业上市公司半年业绩下滑。自 /span span 2015 /span span style=" font-family:宋体" 年末以来,我国的锂价疯狂升温,在 /span span 2018 /span span style=" font-family:宋体" 年第一季度,一度接近 /span span 20 /span span style=" font-family:宋体" 万元每吨。但是此后,锂电一路下滑,特别是在新能源汽车补贴调整之后,价格一直在 /span span 6-7 /span span style=" font-family:宋体" 万酶吨徘徊。 /span /p p style=" text-indent: 28px text-align: justify " span style=" font-family:宋体" 行业低迷形势短期内是否可以扭转尚未可知,但行业洗牌或将难以避免。天齐锂业高级副总裁葛伟表示:“我们曾在多个场合反复强调,高价位并不理性,市场迟早回归合理售价。目前,价格已达到很多企业的成本线,借此将淘汰一批不具备竞争力的企业。” /span /p p style=" text-indent: 28px text-align: justify " strong span style=" font-family:宋体" 四、隐忧或将影响这些仪器厂商? /span /strong /p p style=" text-indent: 28px text-align: justify " span style=" font-family:宋体" 新能源汽车补贴退坡的政策对科学仪器行业的影响笔者暂时难以预计,但是针对碳酸锂材料行业如今的多事之秋,或许提供相关原材料检测所用到的仪器设备的厂商需要多加注意。仪器信息网汇总整理了碳酸锂材料 /span span 7 /span span style=" font-family:宋体" 类主要的检测项目和对应的仪器设备,供读者参考: /span /p table border=" 1" cellspacing=" 0" cellpadding=" 0" style=" border: none " tbody tr class=" firstRow" td width=" 186" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 序号 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 检测项目 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 仪器类型 /span /strong /p /td /tr tr td width=" 186" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" color:#00B0F0" 1 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 粒度分析 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 激光粒度仪 /span /strong /p /td /tr tr td width=" 186" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" color:#00B0F0" 2 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 比表面积 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 比表面及孔径分析仪 /span /strong /p /td /tr tr td width=" 186" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" color:#00B0F0" 3 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 振实密度 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 振实密度仪 /span /strong /p /td /tr tr td width=" 186" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" color:#00B0F0" 4 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 主成分测试 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 酸碱滴定仪 /span /strong /p /td /tr tr td width=" 186" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" color:#00B0F0" 5 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 水分测试 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 马弗炉 /span /strong /p /td /tr tr td width=" 186" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" color:#00B0F0" 6 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 杂质测试 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 扫描型 /span /strong strong span style=" color:#00B0F0" ICP /span /strong /p /td /tr tr td width=" 186" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" color:#00B0F0" 7 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 磁性物质测试 /span /strong /p /td td width=" 191" valign=" top" style=" border: 1px solid rgb(0, 0, 0) padding: 5px word-break: break-all " p style=" text-align: justify " strong span style=" font-family:宋体 color:#00B0F0" 罐磨机 /span /strong /p /td /tr /tbody /table