Benefiting from the continuous rise in the price of potash fertilizer and lithium carbonate,Salt Lake Shares(000792.SZ) Both revenue and net profit in 2021 will increase significantly, and this year’s Q1 profit will increase by 341% year-on-year. The relevant person in charge of the company said that the lithium industry is the company’s key development direction, and the company will continue to increase the development of major businesses such as new energy materials for lithium batteries.
Data Display,Salt Lake SharesReturn to mother in 2021net profit4.478 billion yuan, a year-on-year increase of 119.58%. In Q1 this year, the company’s net profit attributable to its parent was 3.497 billion yuan, a year-on-year increase of 341%, which has exceeded 78% of last year’s full-year net profit.
It is known that,Salt Lake SharesThe main business is the development, production and sales of potash fertilizers and lithium salts.The company’s 21-year annual report shows that the two main products of potassium chloride and lithium carbonate areOperating incomeAccounted for 85.43% of the company’s total revenue.
In terms of potash fertilizer, Belarus, the world’s second potash fertilizer exporter, was sanctioned by the European Union and the United States. In addition, the Russian-Ukrainian war that broke out in February 2022 once once more affected the production of potash fertilizer in Europe, and superimposed the reasons for the reduction of production due to the epidemic and the decrease in operating rate. Prices rose from regarding $196.5/ton in early 2021 to regarding $814/ton by the end of March 2022. Affected by the rise in the international price of potassium chloride, the domestic potash fertilizer is in short supply. The domestic potassium chloride price has also shown a sustained and substantial increase since 2021, with an annual increase of more than 30%.
Relying on the resource advantages of Qinghai Chaerhan Salt Lake, Salt Lake Co., Ltd. is the largest potassium chloride production enterprise in China, with a designed potassium chloride production capacity of 5 million tons. In 2021, the company’s main business potassium chloride production and sales will be stable. The output of potassium chloride will be 5.0296 million tons, and the sales volume will be regarding 4.7369 million tons. The product qualification rate is 100%. more than 60%. In 2021, the company’s potash fertilizer business will achieve a total revenue of 10.811 billion yuan.interest rateclimbed to 68.51%.
The relevant person in charge of the company told the Financial Associated Press that on April 25, the company’s ex-factory price of 95% potassium chloride had been raised by 480 yuan/ton to 3,980 yuan/ton.
According to the forecast of the China Association of Automobile Manufacturers, in 2022,Guoxin EnergyCars will reach 5 million.The substantial increase in the production and sales of new energy vehicles has strongly driven lithiumBatteryThe demand of the industry has expanded, and the market demand for lithium carbonate has further increased. Driven by downstream demand, lithium carbonate is in short supply. Lithium carbonate prices will continue to rise in 2021,BatteryThe price of grade lithium carbonate has risen from regarding 50,000 yuan/ton at the beginning of 2021 to regarding 500,000 yuan/ton at the end of March 2022.
The annual report data shows that the company’s lithium carbonate production will reach the standard in 2021, the product quality pass rate is 100%, the output is regarding 22,700 tons, and the sales volume is regarding 19,200 tons; the revenue is 1.814 billion yuan, a year-on-year increase of 373.59%; grossinterest ratewas 70.03%, a substantial increase of 57.56% over last year.
The Chaerhan Salt Lake has lithium chloride reserves of 12.04 million tons, ranking first in the country. Salt Lake Co., Ltd. currently has an annual production capacity of 30,000 tons of lithium carbonate, and is the company with the largest lithium extraction capacity from brine in the country. The brine adsorption method + membrane method lithium extraction technology used by the company is its own technology, and the production cost of producing lithium carbonate is relatively high compared to its peers. Advantage.
The company disclosed to a reporter from the Financial Associated Press that Salt LakeBYD30,000 tonsBatteryGrade lithium carbonate project is in progress. Lithium industry is the key development direction of the company. The company will continue to increase the development of major businesses such as new energy materials for lithium batteries, with high-quality battery raw material lithium carbonate as supplementary business, and lithium chloride, lithium hydroxide, and lithium metal as derivative businesses. And continue to improve R & D design capabilities, enhance core competitiveness.
(Article source: Financial Associated Press)
