On April 2, Cunninghamia lanceolata released its annual report for 2020. According to the report, in the past 2020, Shanshan shares achieved a total operating income of 8.216 billion yuan, down 5.35 percent from the same period last year, while the net profit belonging to shareholders of listed companies was 138 million yuan, up 48.85 percent from the same period last year.
Among them, Shanshan shares lithium materials business total sales of more than 100000 tons, an increase of 21% over the same period last year. According to statistics, by the end of 2020, Cunninghamia lanceolata has a production capacity of 60, 000 tons of cathode materials, 120000 tons of negative materials and 40, 000 tons of electrolyte. While benefiting from the rapid recovery and economic improvement of downstream new energy vehicles, Cedar shares' core business lithium materials business has achieved considerable growth in sales, as well as a strong record in terms of net profit. The net profit of lithium materials belonging to shareholders of listed companies was 287.7321 million yuan, an increase of 9.17% over the same period last year.
According to public data, Shanshan Co., Ltd. was founded in 1992 and entered the lithium electronic battery anode material industry in 1999. It is the first listed company in China to transform from a clothing enterprise to a new energy company since its stock listing in 1996. Up to now, its business scope has covered new energy businesses such as lithium-ion battery materials, lithium-ion capacitors, battery PACK, charging pile construction and new energy vehicle operation and energy management services, as well as non-new energy businesses such as clothing, venture capital and financial leasing.
Among them, new energy, as the main source of performance of the company, is absolutely the top priority of its future development.
Prior to this, Shanshan Shiye has repeatedly announced the expansion of production capacity, and now it already has a large number of projects such as the 100000-ton lithium cathode project in Greater Changsha and the 45000-ton / year lithium salt project (phase I) of Yongshan lithium industry, which are scheduled to be put into production from 2021 to 2022.
And now in the downstream new energy vehicle market favorable background, Shanshan shares also did not stop the pace of progress. According to the news on April 2, Shanshan Co., Ltd. plans to invest 1.535 billion yuan to build the Inner Mongolia Baotou anode material Integration Base Project (Phase II), with a planned production capacity of 60, 000 tons of finished anode materials and a supporting graphitization capacity of 52000 tons, which is scheduled to start in April 2021.
On the same day, Shanshan expects to achieve a net profit of 250 million yuan to 280 million yuan attributable to shareholders of listed companies in the first quarter of 2021, an increase of 333.7 million yuan to 363.7 million yuan compared with the same period last year. The company said that the prosperity of the downstream new energy vehicle market continues, the company's sales of positive and negative materials are steadily increasing, and the company continues to give full play to its advantages in integrated production line, intelligent manufacturing, cost control, and so on. the profitability of positive and negative materials has been improved.
It is worth mentioning that in Shanshan's financial report for 2020, the positive business benefited from the rapid increase in market demand for small power and the sustained recovery of the new energy vehicle market in the second half of 2020. The sales of ternary materials of Shanshan Co., Ltd. increased significantly compared with the same period last year, and the sales volume of cathode materials for the whole year reached 30048 tons, an increase of 38.44 percent over the same period last year.
As for the reasons for the change in performance, the company said that due to the decline in raw material prices in the first half of 2020, the average selling price of cathode materials was lower than last year's average, gross profit per ton declined year-on-year, and non-recurrent profit and loss decreased in the same period.
Take battery-grade lithium hydroxide as an example. According to the historical price of SMM, the price of battery-grade lithium hydroxide has suffered a Waterloo since June 15, 2018, reaching the first low between 2018 and 2020 in the first half of 2020, then fell again, and did not begin to pick up gradually until the end of 2020.
"Click to view the historical price of SMM Metals.
SMM survey data show that recently, lithium hydroxide prices continue to rise, the domestic demand side is still replenishing, spodumene prices upward leading to some smelters to produce lithium hydroxide cost rise, the bottom line gradually increased and there is a partial pressure phenomenon, it is expected that the follow-up price will still rise. "View details
According to the SMM quotation, as of April 7, the price of battery-grade lithium hydroxide was 760000080000 yuan / ton, with an average price of 78000 yuan / ton, the same as yesterday.
"Click to view the spot price of SMM metal
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