On the evening of January 18, Tianji shares announced that it had successfully turned losses into profits in 2021, with a net profit of 700-750 million yuan belonging to shareholders of listed companies.
As for the reasons for the performance changes, Skyline said that Jiangsu Xintai material Technology Co., Ltd. (hereinafter referred to as "Xintai Materials"), a wholly owned subsidiary of the company, mainly engaged in lithium hexafluorophosphate products. During the reporting period, by tapping its internal potential, the production and sales of lithium hexafluorophosphate products increased significantly. At the same time, due to the rapid growth of the new energy vehicle industry, the market demand for lithium hexafluorophosphate increased greatly. Lead to the rise of lithium hexafluorophosphate market sales price, under the influence of double factors, the company's operating efficiency in 2021 is significantly higher than that in 2020.
As for risk tips and other instructions, Skyline said bluntly that there is a possibility of adjustment in the future market sales price of lithium hexafluorophosphate, if the market sales price is substantially adjusted, it will have a greater impact on the company's future performance.
At the same time, it revealed that Jiangsu Taiji material Technology Co., Ltd., a 51% holding subsidiary of the company, is building a project with an annual output of 10,000 tons of lithium hexafluorophosphate and other additives and fluoride. The 10,000 tons of lithium hexafluorophosphate project is expected to start trial production in the second quarter of 2022. If the trial production is successful, the production capacity of lithium hexafluorophosphate will be further improved.
In addition, Tianji added that in 2021, the company signed long-term supply agreements for lithium hexafluorophosphate products with some major customers, and agreed on the supply price. there may be differences between the sales price of the company's products and the future market price of lithium hexafluorophosphate, and there is uncertainty about the impact of the long-term supply agreement on the future benefits of the company.
Data show that Tianji shares are mainly engaged in lithium materials business and home appliance business, while its wholly-owned subsidiary Xintai Materials mainly develops and produces lithium hexafluorophosphate and other products. The main product lithium hexafluorophosphate is an important raw material for lithium battery. Lithium hexafluorophosphate is mainly used in energy storage battery, power battery and digital, lighting series lithium battery and other products.
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