Production and sales of lithium carbonate business increased greatly compared with the same period last year. Jiangte Motor's net profit last year increased nearly 26 times compared with the same period last year.

Main financial data and indicators of Jiangte Motor in 2021 (unit: yuan)

On the evening of April 13, Jiangte Motor (002176) disclosed its performance, KuaiBao, that the company's operating income in 2021 was 2.982 billion yuan, an increase of 61.74 percent over the same period last year; the net profit belonging to shareholders of listed companies was 387 million yuan, an increase of 2599.21 percent over the same period last year; and basic earnings per share was 0.2266 yuan, an increase of 2597.62 percent over the same period last year.

Jiangte Motor said that in 2021, the external environment of lithium carbonate business continued to improve, downstream demand increased, its sales price increased significantly compared with the same period last year, and the company's lithium carbonate business production and sales increased significantly compared with the same period last year. Its operating income and profitability have increased by a large margin.

On the same day, Jiangte Motor also issued a forecast for the first quarter of 2022, with an estimated first-quarter net profit of 630 million yuan to 680 million yuan, an increase of 760.96% MUE 829.29% over the same period last year.

Jiangte Motor said that the external environment of lithium salt business continued to improve in the first quarter, the demand for lithium salt from downstream customers increased, the price of lithium salt products increased significantly, and the profit of the company's lithium salt industry increased significantly compared with the same period last year.

At present, Jiangte Motor mainly has two business sectors: lithium industry and motor industry. Recently, Jant Motor said in an interactive exchange with investors that the company has two spodumene production lines, which can be modified to produce lithium carbonate using both spodumene and lithium mica as raw materials. The company expects the two production lines to be formally completed and put into production in the second quarter of this year. After the completion of the transformation and put into production, the output will enter the climbing stage.

According to Jiangte Electric, the company has an obvious competitive advantage in the lithium plate. 1. It has its own lithium ore with large reserves (from the proved mining area reserves, the company holds or controls more than 100 million tons of lithium ore resources); 2. The lithium mica resources are concentrated and the mining conditions are good (the average elevation of the mine is low, the local climate is suitable for mining, and the mining time is long throughout the year). 3. The company has many years of technical precipitation and accumulation of mining and lithium salt processing. For example, the comprehensive utilization advantage of flotation processing has realized the comprehensive utilization of lithium ore mining and separation; the lithium salt processing capacity advantage, spodumene and lithium mica busbar compatible transformation is completed, the capacity utilization will be further improved.

With regard to the future lithium plate strategy, Jiangte Motor said: (1) in the short term: speed up the progress of Qiankeng "exploration and conversion mining" and form a planning mining capacity; expand Shiziling production; constantly improve the lithium extraction rate of the whole process from raw ore to lithium salt; give full play to the advantages of resources, rapidly expand their own lithium production capacity, and achieve win-win cooperation in the industrial chain. (2) in the medium term: speed up the "exploration and conversion" of four exploration rights except Xikeng (Pailou Lithium-bearing porcelain Stone Mine in Yifeng County, Meijia Lithium-bearing porcelain Stone Mine in Yifeng County, Baishuidong-Yeweiling Mine in Fengxin County and Pingtouling Tantalum-Niobium Mine in Fengxin County).

The Battery Network noted that in order to undertake and support the development and planning of the company's "Xikeng Exploration and conversion" project, Jiangte Motor announced on April 7, with the wholly-owned subsidiary Jiangxi Jiangte Mining Development Co., Ltd. (hereinafter referred to as "Jiangte Mining") to invest in new 3 million tons / year lithium ore mining and 20, 000 tons / year lithium salt project. The total investment of the project is about 2 billion yuan (the specific investment amount is referred to the feasibility study report prepared by the qualified third party, and the actual investment shall prevail). At the same time, Jiangte Mining intends to sign an investment project contract with the people's Government of Yifeng County to jointly promote the construction of the project.

According to reports, the construction of 3 million tons / year lithium mining and 20, 000 tons / year lithium salt project is divided into two parts: investment in no less than 3 million tons / year lithium mining and separation project in Tongan Township, Yifeng County, and 20, 000 tons / year lithium salt project in Yifeng Industrial Park.