SMM January 26th: on the evening of January 25th, Shengxin Lithium can release its 2021 annual performance forecast. According to the report, the company is expected to achieve a net profit of 830 million yuan to 920 million yuan for shareholders belonging to listed companies in 2021, a year-on-year increase of 2954.31%, 3,285.50%.
As for the reason for the sharp increase in the company's performance, Shengxin Lithium Neng explained that it was mainly due to the rapid development of the company's new energy industry and the strong growth in downstream customer demand for lithium salt during the reporting period. the company's production and sales volume and sales price of lithium salt rose sharply compared with the same period last year.
Public data show that Shengxin Lithium Energy is mainly engaged in the production and sales of new energy lithium materials, including lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, metal lithium and other products.
According to the historical price of SMM, the price of lithium salts led by lithium carbonate rose rapidly in 2021, among which the price of battery-grade lithium carbonate rose from 53000 yuan / ton at the beginning of 2021 to 275000 yuan / ton at the end of 2021, an increase of 419%.
"Click to view the spot historical price of SMM new energy products.
The rising trend of lithium carbonate has not slowed down in 2022, and now its average spot price has reached 360000 yuan / ton. SMM believes that considering that the entire new energy vehicle market will continue to increase after the festival, while the supply-side overseas lithium raw material increment is relatively small, there is still a gap in raw materials for enterprises, SMM expects lithium carbonate prices to continue to rise.
Recently, Sheng Xin Li Neng also revealed the situation of its lithium mine on the investor interactive platform. In terms of free lithium ore, Sun Company Oyino Mining has the mining rights of Yelonggou spodumene Mine in Jinchuan County, Sichuan Province and the detailed exploration rights of Taiyang Hekou Lithium Polymetallic Mine, of which Yelonggou spodumene Mine has proven Li2O resources of 111500 tons. In addition, the company also acquired a 51% stake in Max Mind, and its wholly-owned grandson has mining warrants for a total of 40 rare metal blocks in the Sabixing Lithium-Tantalum Mine project in Zimbabwe, of which 5 mining rights have Li2O resources of 88500 tons and associated Li2O resources of 5200 tons, and the other 35 mining rights are in the preparatory stage of exploration.
Not only that, for the strong salt lake lithium extraction a few days ago, Sheng Xin Li Neng also said that the company has now laid out a salt lake project in Argentina. If there is a suitable salt lake lithium extraction project, the company will consider it both at home and abroad.
Related reading: lithium electricity "big explosion" 2021! The performance of 27 lithium power enterprises is expected to increase by more than 2000%! [special topic on SMM]
The revenue of the battery business has increased significantly. Li Neng expects the net profit of 2021 to exceed 2.7 billion!
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