SMM April 15: recently, lithium industry chain enterprises have issued a pre-increase announcement of their performance in the first quarter of 2022, making a more optimistic forecast of their performance in the first quarter. Yesterday night, a number of companies, including Tianci Materials, Rongjie shares, China Mineral Resources, and so on, announced their results for the first quarter of 2022. The details are as follows:
God-given materials:
Yesterday night, Tianci announced that the company achieved a total of 1.498 billion yuan in the first quarter, an increase of 422.19% over the same period last year. Previously, Tianci had released its operating results from January to February, in which the net profit attributed to shareholders of listed companies was expected to be about 860 million yuan in the first two months, an increase of 470% over the same period last year.
At that time, Tianci said that during the reporting period, thanks to the high demeanor of the new energy vehicle industry, the company's main products were booming, the new production capacity climbed smoothly, and the self-production rate of major raw materials increased steadily. Soochow Securities expects the self-supply ratio to increase to nearly 100% after the company's lithium hexafluorophosphate production capacity is released. The company is expected to ship 35-40 million tons of electrolyte in the first two months; for iron phosphate, it is expected to ship 1-15000 tons of iron phosphate from January to February, and the annual shipment of iron phosphate is expected to reach more than 100000 tons.
It is also worth mentioning that while issuing the first quarter results report in 2022, the company also plans to build an "annual production capacity of 300000 tons of iron phosphate project (Phase II)" through the holding subsidiary Yichang Tianji, with a total investment of 1.005 billion yuan.
Medium ore resources:
China Mineral Resources is expected to achieve a net profit of 760 million yuan to 800 million yuan attributable to shareholders of listed companies in the first quarter, an increase of 830.39% and 879.36% over the same period last year. For the reasons for the company's performance growth, China Mineral Resources said that during the reporting period, the market demand for new energy and new materials increased significantly, and the company's main products, lithium salt and cesium salt rental and sale business, produced and operated well. The newly built 25000-ton battery-grade lithium hydroxide and battery-grade lithium carbonate production line reached production in November 2021, and the company completed the reconstruction and expansion of the 6000-ton LiF production line. The release of new production capacity and the rise in the price of lithium products have significantly improved the company's profitability compared with the same period last year.
At the same time, the company also issued a 2021 performance report, it is reported that the company's operating income of about 2.394 billion yuan, an increase of 87.67% over the same period last year; net profit belonging to shareholders of listed companies is about 559 million yuan, an increase of 220.74% over the same period last year. With regard to the widespread concern about the delivery of the Bikita mine in Zimbabwe, China Mineral Resources said that the mine is in the process of delivery and related work is progressing smoothly.
Rongjie shares:
Rongjie shares issued a forecast of first-quarter results, saying that the company's net profit in the first quarter of 2022 was 225 million yuan to 275 million yuan, an increase of 12384.74% Murray 15159.13% over the same period last year. As for the reasons for the growth in performance during the reporting period, Rongjie said that during the reporting period, the prices of upstream materials in the lithium battery industry continued to rise sharply, and the demand for lithium materials and lithium equipment continued to increase, which had a positive impact on the company's lithium mining business, lithium salt processing and smelting business, and lithium equipment manufacturing business.
In addition, the company's associated enterprises operating lithium salt business have made substantial profits, and the investment income recognized by the company has increased significantly.
It is worth mentioning that on April 13, Rongjie shares released its 2021 results KuaiBao, which mentioned that the company achieved a cumulative operating income of 921 million yuan in 2021, an increase of 136.09% over the same period last year; the net profit belonging to shareholders of listed companies was 68.2894 million yuan, an increase of 224.49% over the same period last year.
From this, it is not difficult to see that if the pre-increase in the first quarter is true, Rongjie's net profit in the first quarter alone is far higher than that of the whole of last year, and it is also the best first-quarter performance in its history.
According to its previously released research report, after the 2.5 million tons / year concentrator is put into operation, it is expected to produce about 470000 tons of lithium concentrate per year, equivalent to about 60, 000 tons of lithium carbonate equivalent. The company's existing battery-grade lithium carbonate production capacity of 3000 tons / year, lithium hydroxide 1800 tons / year. At present, the first phase of the 20,000 ton / year lithium salt project is under trial production, and this year's goal is to reach the output and quality standards. However, it will take some time for the project to reach full production from the trial production stage, and the specific output depends on the actual production situation.
In fact, the sharp rise in lithium salt prices in the first quarter has indeed made a lot of money for a large number of lithium salt companies. According to the historical price of SMM, from the beginning of 2022 to March 31, the average spot price of domestic battery-grade lithium carbonate rose from 278000 yuan / ton to 502500 yuan / ton, an increase of 80.75%.
It is precisely due to the sharp rise in the price of lithium salts such as lithium carbonate that many lithium salt-related companies have recently issued a forecast of first-quarter results in 2022. Prior to this, Salt Lake Lithium extraction concept shares-Salt Lake shares and Zangge Mining have jointly issued performance forecasts for the first quarter of 2022, both with good results. Salt Lake shares during the reporting period by virtue of rising market prices of potassium chloride and lithium carbonate and other products, net profit is expected to increase 334.98% 347.59% compared with the same period last year; while Zangge Mining II subsidiary Zangge Lithium Carbonate products sales prices continued to rise during the reporting period, also led to a sharp rise in the company's profits. "View details
Yesterday night, Jiangte Motor also issued a forecast of its first quarter results in 2022. According to the announcement, the company expects the net profit attributed to shareholders of listed companies to be between 630 million and 680 million yuan in the first quarter, an increase of 760.96% to 829.29% over the same period last year.
According to the latest spot price of SMM, the recent spot price of domestic battery-grade lithium carbonate continued to decline. Yesterday, the spot price fell again by 1000 yuan / ton to 490000-500000 yuan / ton, with an average price of 495000 yuan / ton.
"Click to view the spot market of SMM new energy products.
SMM believes that the main reasons for this are the following:
Affected by the low-price shipments of salt lake enterprises last week, the upstream mainstream manufacturers have no public quotations, but their confidence in prices has been shaken to a certain extent.
The shipping attitude of some small and medium-sized factories is more positive, and the acceptable trading range has been significantly reduced; some traders in the downward market, quotations are also constantly exploring low.
On the contrary, downstream manufacturers are mostly taking a wait-and-see attitude, and they are dissatisfied with the rising prices of large manufacturers, and the purchasing priority has also been adjusted, superimposed on the fundamentals of increasing supply and decreasing demand, and the overall game balance is gradually tilting downstream, leading to the downward price of lithium carbonate. "View details
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