贝特瑞股价半月涨幅达51.7% 固态电池材料商业化提速

Core Viewpoint - The recent surge in the stock price of BETTERRY (835185.BJ) is attributed to the growing interest in solid-state battery technology and favorable government policies supporting the industry [2][4]. Stock Performance - BETTERRY's stock price increased by 5.76% to 34.86 CNY per share, with a remarkable rise of 51.7% from 22.97 CNY per share since the release of its semi-annual report on August 28 [2]. - The stock experienced a single-day increase of 19.03% on September 5 [2]. Solid-State Battery Development - The commercialization of solid-state battery materials is accelerating, with BETTERRY's solid-state lithium-carbon composite anode and sulfide solid electrolyte receiving technical recognition from clients [3][4]. - The company has introduced various materials for next-generation battery technology, including high-nickel cathodes and silicon-based anodes, aiming to provide high energy and safety solutions [4]. Financial Performance - In the first half of the year, BETTERRY achieved a revenue of 7.838 billion CNY, a year-on-year increase of 11.36%, and a net profit of 479 million CNY [5]. - The anode materials segment generated 6.279 billion CNY in revenue, with a shipment volume exceeding 260,000 tons, reflecting a significant year-on-year growth of 32.83% [5]. - The gross margin for the anode materials remained high at 25.59%, driven by a 46.23% increase in sales of artificial graphite products [5]. Overseas Expansion - BETTERRY's production capacity in Indonesia is progressing, with the first phase of an 80,000-ton anode material project fully operational and the second phase in trial production [5]. - The company is also developing a 50,000-ton cathode material and a 60,000-ton anode material project in Morocco, which is advancing steadily [5]. Analyst Ratings - Open Source Securities has given BETTERRY an "Accumulate" rating, highlighting the company's revenue growth and improving gross margins in the cathode materials segment [6]. - Analysts predict that BETTERRY will achieve net profits of 1.189 billion CNY, 1.671 billion CNY, and 2.002 billion CNY from 2025 to 2027 [6].