[2.22 Lithium Power Express] Lithium iron phosphate overcapacity may appear next year. It is uncertain whether the Bikita lithium project of China Mineral Resources can get relevant approval / filing.

[China Mineral Resources: uncertainty about whether the Bikita lithium project can be approved / filed] China Mineral Resources announced that the approval or filing procedures of the competent authorities at home and abroad involved in the acquisition of the Bikita lithium project in Zimbabwe have not yet been completed, whether the relevant approval / filing can be obtained, and the timing of obtaining the relevant approval / filing is uncertain.

[Chuanfa Dragon Python: plans to invest 12 billion yuan in lithium power new energy material project] Chuanfa Dragon Python announcement, with the wholly-owned subsidiary Deyang Chuanfa Dragon Python New material Co., Ltd. as the main body, plans to invest 12 billion yuan in Deyang Chuanfa Dragon Python Lithium Power New Energy material Project in Deyang Chuanfa Industrial Park.

[Xiamen Tungsten Xinneng: at present, the production line is always in a state of full production and full sales] Xiamen Tungsten Xineng said on the interactive platform that at present, everything is normal in production and operation, and the production line is always in a state of full production and full sales. By the end of 2021, the company will have an annual production capacity of about 80, 000 tons of cathode materials for lithium-ion batteries, and will achieve an annual production capacity of about 110000 tons by the end of 2022 without considering technological transformation.

[lithium iron phosphate overcapacity may appear next year after large-scale production expansion] after large-scale production expansion, will lithium iron phosphate overcapacity after all? Media statistics found that the scale of production expansion announced by various manufacturers, coupled with the existing production capacity has reached 5 million tons, significantly exceeding the downstream demand in 2025. According to the normal production expansion cycle, the surplus will appear next year, but due to energy consumption targets, shortage of lithium resources and other factors, this time point may be postponed.

[Mount Qomolangma, Tibet: plans to sign a 650 million yuan adsorption equipment supply contract with Lanxiao Science and Technology] the company announced that the company intends to sign a blue dawn adsorption equipment supply contract with Lanxiao Technology, with a total contract price of 650 million yuan; the company intends to sign an enlightenment BOT contract with enlightening Qingyuan, with a total contract price of 1.6 billion yuan. In addition, the company cooperated with China Power Construction International in the design, procurement and construction of the project mine construction (EPC), and signed the "Argentina Lithium potassium Co., Ltd. annual production capacity of 50, 000 tons of lithium carbonate lake lithium extraction construction project mine construction design, procurement and construction (EPC) framework agreement".

[Ya Hua Group: first quarter net profit pre-increased by 1054% Mu 1438% compared with the same period last year] Ya Hua Group disclosed a forecast of first quarter results, with a pre-profit of 900-1.2 billion yuan, an increase of 1053.67% Rue 1438.22% over the same period last year. During the reporting period, the company's civil explosion business continued to strive for steady progress, and its performance increased steadily; the demand of the lithium industry continued to rise, the price of lithium salt products continued to rise, the company seized the opportunity to release production capacity, increased sales, and the sales volume of lithium salt products gradually increased. Lithium business profits have increased significantly. KuaiBao's performance in 2021 was disclosed on the same day. The company's total operating income was 5.233 billion yuan, an increase of 60.99% over the same period last year, and its net profit was 925 million yuan, an increase of 185.5% over the same period last year. Small financial note: the net profit of Q4 in 2021 is 292 million yuan. Based on this, the net profit of Q1 in 2022 is expected to increase by 208% 310% month-on-month.