Changes in Hong Kong stocks | Lithium stocks declined, lithium ore Shuangxiong's month-on-month growth in the second quarter weakened, and long and short factors intertwined with long and short factors, and lithium carbonate futures fluctuated at a low level

The Zhitong Finance App learned that lithium stocks continued their recent decline. As of press release, Ganfeng Lithium (01772) fell 6.33% to HK$37.32; Tianqi Lithium (09696) fell 4.63% to HK$32.12.

According to the news, recently, Tianqi Lithium and Ganfeng Lithium, the “twin leaders of lithium mining”, released impressive semi-annual performance forecasts, but judging from a single quarter, there was a clear divergence. Ganfeng Lithium expects net profit of 3.65 billion yuan to 4.6 billion yuan in the first half of the year, reversing year-on-year losses, with an increase of about 787.07% to 965.9%. Among them, net profit attributable to mother for the second quarter was approximately $1,813 billion to $2,763 billion, a change of -1.3% to 50.41% from the previous quarter. Tianqi Lithium expects net profit of 2.85 billion yuan to 4.25 billion yuan in the first half of the year, an increase of 3276.35%-4934.91% year-on-year. Net profit attributable to mother for the second quarter was approximately $974 million to $2,374 million, a month-on-month change of -48.08% to 26.55%.

Tonghui Futures pointed out that it is expected that in the next one to two weeks, lithium carbonate futures prices will maintain a low fluctuation pattern. The core logic is a combination of multiple and short factors: bearish pressure mainly comes from rising capacity utilization rates and supply growth expectations brought about by the steady commissioning of overseas salt lake projects. At the same time, weak NEV sales data in early July weakened demand-side optimism. However, the room for price decline is also limited, as the continuous decline in industry inventories indicates that fundamentals are not completely excessive.