Huafang Textile: New Energy Dark Horse Ignored By The Market

Since last October, Jiangsu Li Tian trial product "lithium iron phosphate electric bicycle power battery (belonging to small power battery)" production line has initially completed the installation and commissioning of the equipment, and has entered the trial production and trial production stage of the product. Recently, the company announced the progress of the project. It has been tested by the Jiangsu Tiantian Laboratory of Huafang textile (600273) holding 70% of the Jiangsu Tiantian test, and the indicators are qualified and exceeded the national standard.

It is understood that the product has been tested and certified by the national quality inspection agency.

At present, the product has been mass-produced.

The company is expanding its bicycle battery market. Besides providing domestic bicycle factories, the company has stepped up its efforts.

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company

[investment highlights]

1, high power battery research and development steadily: small power battery is only one of the products that the company wants to develop, and the high-power automotive battery is the ultimate goal of the company.

In order to promote the subsequent development of high-power power batteries, the company will not cooperate with the nuclear energy non New Energy Technology Research Institute of Tsinghua University, which will provide important technical support for the company.

2, electrolyte self-sufficiency, reduce costs: to reduce costs, the company has set up an electrolyte subsidiary, which can be produced in the first half of the year, and the capacity can not only meet the needs of the company's lithium battery products, but also have a partial export.

Its key raw material, lithium fluoride six, is estimated to be more than 30% in gross profit margin by importing and selling. This will reduce the cost of the existing products by about 6%.

3, the overall recovery of textile business is at an all-time high.

At present, supply exceeds demand, and orders have been queued up again in May.

Cotton yarn and hoarding cotton have increased substantially.

4, the overall listing: in 2007, it planned to go on the market as a whole. After the financial crisis was suspended, there was a possibility of an overall listing in 2010.

Huafang textile (600273) capital flows to 04-06 daily net inflow: -597.52 (10000 yuan) accounted for turnover ratio: 9.42%; 5 days net inflow: 3025.69 (10000 yuan) accounted for turnover: 5.96%; 20 days net inflow: 715.83 (10000 yuan) accounted for turnover ratio: 0.65%; 30 days net inflow: -2201.2 (10000 yuan) accounted for turnover ratio: 1.3% textile and clothing industry capital flow 04-06 day net inflow: -33228.22 (10000 yuan) accounted for turnover ratio: 6.59%; the net inflow of 6.59% days: -64084.21 (10000 yuan) accounted for the turnover ratio: 6.59%; the net inflow of the Japanese Yen: -215501.06 (10000 yuan) accounted for the turnover ratio:;

Hua Fang textile (600273) 20100406 closing price of 13.45 yuan at the top of the first cost - intensive area -13.45 yuan, the area to hold the cost - hand, in this range can be moderately reduced.

At present, from the upper second cost intensive area, the area holds 113608.93 hands in cost and can moderate weight reduction in this area.

At present, it is 0.53 yuan from the first cost intensive area in the lower part of the country, and the cost is 369554.69 hands.

At present, it is 0.05 yuan from the lower second cost intensive area, and 137025.41 hands in this area.

Technical aspect analysis:

The stock is clear recently, and is expected to get rid of the consolidation upside.

[risk hint]

1, research and development risks exist in power batteries

2, there is uncertainty in the overall listing.

3, cotton and cotton yarn price volatility risk