Guo Tai Jun An Qi Huo·2025-04-30 04:47Report Summary 1. Report Industry Investment Rating - No information provided about the industry investment rating in the report. 2. Core View of the Report - The warehousing receipts of lithium carbonate continue to increase, causing the futures market to face downward pressure [1]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Market Data: The closing prices of the 2507 and 2509 contracts of lithium carbonate decreased by 700 yuan and 660 yuan respectively compared to the previous trading day. The trading volumes of the 2507 and 2509 contracts decreased by 17,674 and 581 respectively, while the open interests increased by 2,850 and 1,128 respectively. The warehousing receipt volume increased by 630 hands [2]. - Spot Market Data: The price of battery - grade lithium carbonate was 68,250 yuan/ton, a decrease of 600 yuan/ton compared to the previous trading day. The price of industrial - grade lithium carbonate was 66,500 yuan/ton, also a decrease of 600 yuan/ton compared to the previous trading day [2]. 3.2 Macro and Industry News - Price Information: SMM's battery - grade lithium carbonate index price was 68,372 yuan/ton, a decrease of 626 yuan/ton compared to the previous trading day. The average price of battery - grade lithium carbonate was 68,250 yuan/ton, and that of industrial - grade lithium carbonate was 66,500 yuan/ton, both decreasing by 600 yuan/ton compared to the previous trading day [2]. - Corporate Performance: As of April 29, 21 listed battery companies had announced their first - quarter results. 15 companies were profitable, with CATL having the highest profit of 13.96 billion yuan. In terms of net profit growth, Camel Group had the highest growth rate of 51.89%, followed by Gotion High - tech with 45.55% and Capchem with 39.30%. In terms of operating income, CATL's operating income exceeded 80 billion yuan, and EVE Energy and Sunwoda's operating incomes exceeded 10 billion yuan [4]. 3.3 Trend Intensity - The trend intensity of lithium carbonate is 0, indicating a neutral view [4].