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Huayou Cobalt’s Stock Price Trend Forecast and Trading Strategy

Historical forecast records:

Stock code: 603799

Company name: Zhejiang Huayou Cobalt Co., Ltd.

Ultimate controller: Chen Xuehua (holding shares in Zhejiang Huayou Cobalt Co., Ltd.: 21.69%)

Chairman: Chen Xuehua

Number of employees: 14,643 (as of September 30, 2021: 14,643)

Total number of shareholders (households): 113,700 (deadline 2022-06-30)

Auditor: Tianjian Certified Public Accountants (special general partnership)

Office Address: No. 18, Wuzhen East Road, Phase II, Tongxiang Economic Development Zone, Jiaxing City, Zhejiang Province

Income statement for the last 5 years

Zhejiang Huayou Cobalt Industry Co., Ltd. is mainly engaged in the R&D and manufacturing of new energy lithium battery materials and cobalt new material products. The main products are cobalt, nickel, ternary precursors, copper, trade and others. The company won honors such as Zhejiang Province Innovative Leading Enterprise in 2019 and Zhejiang Province’s 2019 High-tech Enterprise Innovation Capability Top 100; Huayou New Energy Lithium Battery Materials Research and Development Center was selected as a provincial high-tech enterprise R&D center; “Partially proportional NCM6 series precursors” R&D projects such as “Process Development Project” and “Special Precursor for Dynamic Small Particle Size NC” are listed as key technological innovation projects in Zhejiang Province.

In 2022, Q2 will achieve sales revenue of 17.806 billion yuan, YoY+126.27%, net profit attributable to the parent of 1.049 billion yuan, YoY+28.86%, net profit after non-deduction of 1.002 billion yuan, YoY+32.31%, EPS 0.42 yuan. The weighted average return on equity is 4.50%, YoY-5.06%.

Huayou Cobalt’s stock trading strategy: 2022.9.28 From the technical chart, the stock price has continued to weaken recently. Today, the direct heavy volume fell to the limit. Investors who have not yet held a position must not buy the bottom. Investors who already hold a position are advised to do so as soon as possible. Stop loss. A limit-down on heavy volume at this level could open up new downside, triggering more stop-loss orders. Today this is the standard money flight. From a fundamental point of view, in 2022, Q2 will achieve sales revenue of 17.806 billion yuan, YoY+126.27%, net profit attributable to the parent of 1.049 billion yuan, YoY+28.86%, net profit after non-deduction of 1.002 billion yuan, YoY+32.31%, EPS 0.42 Yuan. The weighted average return on equity is 4.50%, YoY-5.06%.

At present, TTM is 22.31 times (measured by the stock price of 65.40 yuan). Based on the sales growth rate, the stock price is relatively cheap, but in terms of net profit, it is too expensive. There is an expectation of continued decline in the medium and long term. In the past two years, non-ferrous metals have been the best, and the fundamentals are expected to weaken. It is recommended to use technical indicators as a trading strategy.

As of 2022-06-30, the number of shareholders: more than 113,700, the retail investors are serious, the shareholding is scattered, and there are few institutions. (The latest sales data and latest announcements are tracked at the end of the article) Note: The trading strategies provided in this article are all I am using personally, and are only suitable for stable investors with value investment as the main line and technical form as auxiliary reference. The buying and selling points are for reference only, and will be revised according to the actual trend during the session.