Tianji stock has revenue of over 700 million lithium hexafluorophosphate and sales of 616 million in the first half of the year.

On July 27th, Skyline (002759) released its semi-annual report for 2021. In the first half of this year, the company achieved operating income of 752 million yuan, an increase of 177.15% over the same period last year, and the net profit belonging to shareholders of listed companies reached 205 million yuan, an increase of 708.98% over the same period last year.

The report shows that in the first half of this year, Tianji shares mainly engaged in lithium battery materials business and home appliance business. Among them, the sales of lithium materials (lithium hexafluorophosphate) reached 616 million yuan in the first half of the year, accounting for 81.79% of the company's total sales. The company said that in the first half of the year, due to the vigorous development of electric vehicles around the world, the electric vehicle industry chain showed a scene of prosperity. The production and sales of lithium hexafluorophosphate products of Xintai material, a wholly owned subsidiary of the company, are booming. The company is at full capacity and produces at full capacity. The sales volume increased by 189.78% and the output increased by 172.64% over the same period last year. Coupled with the increase in sales prices, the company's lithium materials (lithium hexafluorophosphate) profits have greatly increased.

It is reported that Xintai Materials, a wholly-owned subsidiary of Tianji Co., Ltd., mainly develops and produces lithium hexafluorophosphate, sodium fluoroaluminate, fluoride series products, hydrochloric acid and other products. The main products lithium hexafluorophosphate are mainly used in energy storage batteries, power batteries and digital, lighting series lithium batteries and other products.

At present, Xintai material lithium hexafluorophosphate annual design capacity of 8160 tons, lithium hexafluorophosphate production capacity in the forefront of the industry, the product has obtained the certification of the vast majority of downstream application customers, and Jiangsu Cathay Pacific, BYD, Tian Shan shares, Tianjin Taurus, Sinochem Lantian, Jinguang Tech and other electrolyte manufacturers have stable cooperative relations, and the product supply and demand match well.

Tianji said that the company continues to be optimistic about the future development of the lithium materials industry. In July, Xintai Materials and the company's main shareholder Xinhua Chemical jointly invested in the construction of an annual output of 10, 000 tons of lithium hexafluorophosphate and 20% hydrochloric acid. 76000 tons of new battery electrolyte additives, 47000 tons of fluoride and other product projects, the project is being stepped up implementation. According to the information previously disclosed by Tianji shares, the total investment of the project is 600 million yuan, and Xintai Materials contributes in currency, accounting for 51% of the total investment; Xinhua Chemical uses its asset evaluation and currency to contribute, accounting for 49% of the total investment. The two sides plan to jointly set up a joint venture company, which will be named "Jiangsu Tianhua material Science and Technology Co., Ltd." (subject to the name approved by the industrial and commercial registration authority), with a registered capital of 250 million yuan.

It is worth noting that after the release of 600 million yuan of production expansion news, Tianji shares received a large order for the supply of lithium hexafluorophosphate one after another.

Recently, Xintai Materials, a wholly owned subsidiary of the company, signed a "long-term cooperation agreement" with Shenzhen BYD supply chain Management Co., Ltd. (hereinafter referred to as "Shenzhen BYD") for the long-term supply of lithium hexafluorophosphate. According to the agreement, Xintai Materials will supply no less than 3500 tons of lithium hexafluorophosphate to Shenzhen BYD from July 2021 to December 2022, and 3600-7800 tons in 2023.

On July 25, Skyline announced that recently, Xintai Materials, a wholly owned subsidiary of the company, signed an annual procurement agreement with Zhangjiagang Guotai Huarong Chemical New Materials Co., Ltd., and Ningde Taihuarong New Materials Co., Ltd. on the supply of lithium hexafluorophosphate. The announcement shows that the two sides have determined the supply quantity of lithium hexafluorophosphate products: from July 2021 to June 2023, Xintai Materials will supply no less than 12000 tons of lithium hexafluorophosphate products; from July 2022 to June 2023, according to Xintai material production capacity and actual production, it is planned to supply no less than 2400 tons of lithium hexafluorophosphate products on the basis of the original locked supply.

Battery network noted that in addition to Skyline shares, Polyfluoroduo and Yan'an Bikang also recently released a large order of lithium hexafluorophosphate, locking the supply of lithium hexafluorophosphate not less than 17800 tons.

Everbright Securities pointed out that since September 2020, the sales of new energy vehicles have increased significantly, and the price of lithium hexafluorophosphate has been rising in the context of rigid supply. It is predicted that about 15000 tons of lithium hexafluorophosphate will be needed in the field of power batteries in 2021 and about 54400 tons in 2025, with an average annual growth rate of about 40%. The market prospect is very broad.