* ST Salt Lake has a net profit of more than 750 million yuan in the first quarter, and the production and marketing of lithium carbonate is stable.

On April 13, * ST Salt Lake (000792) issued a forecast for the first quarter of 2021, the company expects to achieve a net profit of 750 million yuan to 900 million yuan, and basic earnings per share of 0.13 yuan per share to 0.16 yuan per share.

* ST Salt Lake said that the production and sales of potash and lithium carbonate in the company's main business were stable in the first quarter, and the sales prices of products affected by market conditions increased compared with the same period last year.

* according to the 2020 annual report previously disclosed by ST Salt Lake, the company achieved an operating income of 14.016 billion yuan last year, with a net profit of 2.039 billion yuan belonging to the shareholders of the listed company, an increase of 104.45% over the same period last year, and the company's net assets of 5.266 billion yuan. The company's net profit and net assets belonging to the shareholders of the listed company have been turned positive, and the company's sustainable operating capacity has been restored.

In terms of lithium plate, * ST Salt Lake produced 13602 tons of lithium carbonate last year, an increase of 2300 tons over the same period last year. The quality of lithium carbonate products has steadily improved. The proportion of superior products (main content ≥ 99.2%) reached 92.67%, an increase of 14.4% over the same period last year. Among them, Lanke Lithium Industry, a subsidiary of * ST Salt Lake, has a capacity of 10,000 tons of lithium carbonate per year. The project uses the old brine discharged from potash fertilizer as raw material and introduces Russian advanced lithium extraction technology. The company has its own advantages in brand, marketing network, products and supply chain. At the same time, some of Lanke Lithium's 20,000-ton battery-grade lithium carbonate project has been put into trial operation and is expected to be fully put into operation in 2021.

* ST Salt Lake said that 2021 is the first year of the 14th five-year Plan, and resuming listing is the company's key task this year. The company will optimize and upgrade the whole industrial chain, build a world-class salt lake industrial base, improve the efficiency of comprehensive utilization of resources, and Synchronize will promote the expansion of Salt Lake Chemical into lithium electricity and other new materials.