Lithium carbonate business has soared! The net profit of Jiangte Motor increased by more than 2343% in advance of 2021.

SMM January 25: yesterday after trading, Jiangte Motor issued a 2021 performance notice. According to the announcement, the company's net profit in 2021 is expected to reach 350 million yuan to 450 million yuan, an increase of 2343.03% Murray 3041.03% over the same period last year.

As for the reasons for the pre-increase in performance, the company explained that during the reporting period, the external environment of the company's lithium carbonate business continued to improve, the downstream demand increased, and its sales price rose significantly compared with previous years. The company's lithium carbonate business production and sales volume increased significantly compared with the same period last year, and its operating income and profitability increased by a large margin.

According to the historical price of SMM, the spot price of battery-grade lithium carbonate soared all the way in 2021, with the average price rising by more than 400% at one point. In 2022, the rising trend of lithium carbonate remains unabated, and its spot average price broke through the 350000 yuan mark yesterday, at 355000 yuan / ton. This figure is up 77000 yuan / ton, or 27.7%, from the beginning of 2022.

"Click to view the spot historical price of SMM new energy products.

As for the reasons for the recent rise in lithium carbonate prices, open source securities said that the recent rise in lithium carbonate prices is affected by the limited supply of natural gas in the western region on the one hand, and the low temperature in winter on the other hand, the extraction of lithium from salt lakes is affected on the other hand. It is expected that the contradiction between supply and demand in 2022 will be concentrated in the first quarter, and the contradiction between supply and demand is expected to ease at the end of the first quarter of 2022. Lithium prices are expected to remain high throughout the year in 2022.

Chuang Chuang Securities also said frankly that considering the impact of winter salt lake maintenance and the epidemic in South Africa, it is expected that the short-term tight supply pattern of lithium and cobalt may be difficult to change.

SMM recent research shows that in January, the overhaul of some lithium salt enterprises led to a reduction in supply, the market is difficult to obtain. Recently, the mainstream head enterprises have few quotations, and a small number of small and medium-sized lithium salt factories and material factories have quoted a small amount of 36.5-370000 yuan / ton, as some enterprises still have a gap, procurement is still continuing. In terms of industrial carbon, there is no obvious volume in Qinghai for the time being, and some quasi-electric carbon may be signed, and the price is expected to remain high. "View details

As a 2021 lithium mining concept hot stock, Jiangte Motor shares rose as much as 456.57% in 2021, reaching a peak of 32.56 yuan on Sept. 14, with a peak of 772.92% compared with the biggest increase at the beginning of the year.