Huachuang Securities·2025-04-07 04:33Investment Rating - The industry investment rating is "Recommended," indicating an expected increase in the industry index by more than 5% over the next 3-6 months compared to the benchmark index [62]. Core Insights - The report highlights that Huasheng Lithium Battery plans to expand production in Xiaogan, Hubei, with an investment of approximately 1.6 billion RMB for a project to produce 60,000 tons of vinyl carbonate annually [11]. - Zhongwei Co. intends to issue H shares to further its globalization strategy and enhance its international capital operation platform [11]. - The electric new energy sector experienced a decline of 3.14% this week, ranking 29th among 30 industry sectors, underperforming the CSI 300 index, which fell by 1.37% [12][8]. - The report suggests that the profitability of the materials sector is expected to recover as the inventory destocking phase ends, with growth prospects in both European and domestic markets [8]. Summary by Sections Section 1: Company Announcements - Huasheng Lithium Battery announced plans to sign a supplementary contract for a project in Xiaogan, Hubei, with a total investment of about 1.6 billion RMB [11]. - Zhongwei Co. plans to issue H shares to enhance its global strategy and attract international investors [11]. Section 2: Market Review - The electric new energy sector's performance this week was a decline of 3.14%, ranking it 29th among all sectors [12]. - The top three sectors that increased were nuclear power (0.77%) and power electronics and automation (0.08%), while the largest declines were in solar energy (-5.75%), vehicle motor control (-5.08%), and lithium batteries (-4.82%) [12]. Section 3: New Energy Vehicle Industry Tracking Subsection 1: Lithium Battery Supply Chain - The price of battery-grade lithium carbonate is 74,100 RMB per ton, down 0.27% from the previous week [30]. - Cobalt prices have also decreased, with sulfuric cobalt at 49,550 RMB per ton, down 0.2% [30]. Subsection 2: Important Company Announcements - Dragon Technology announced updates on external guarantees, while Huasheng Lithium Battery disclosed its investment plans [40]. Subsection 3: Industry Dynamics - Notable developments include the environmental assessment for a 7,000-ton battery-grade lithium project in Hunan and Samsung SDI's mass production of the 46 series cylindrical battery [48].