Skyline shares in full-load production of lithium hexafluorophosphate are expected to increase about 8 times in the first quarter compared with the same period last year.

On the evening of March 20, Skyline (002759) announced its results and expected net profit in the first quarter of 2022 to be 400 million yuan to 440 million yuan, an increase of 742.8% and 827.08% over the same period last year.

Tianji said that in the first quarter, the company's lithium hexafluorophosphate production plant continued to maintain full capacity production, the production and sales volume of lithium hexafluorophosphate increased significantly compared with the first quarter of 2021, and the sales price also increased significantly compared with the first quarter of 2021.

It is reported that up to now, the price of lithium hexafluorophosphate has risen from 95000 yuan / ton in November 2020 to about 550000 yuan / ton.

Tianji shares of the original 8160 tons of lithium hexafluorophosphate capacity has been fully released. In 2021, Skyline achieved an actual output of 9364 tons with a design capacity of 8160 tons, double the actual output of 4602 tons in 2020, and its net profit was the best since the company went public.

On March 11, Tianji revealed at the 2021 results online presentation meeting that "the company's additional 10,000 tons of production capacity is scheduled to start trial production in April, and 30,000 tons of capacity projects are under construction."

According to public data, in 2021, Xintai Materials, a wholly owned subsidiary of Tianji, and Xinhua Chemical, the company's second largest shareholder, jointly invested in the construction of 10000 tons of lithium hexafluorophosphate, 76000 tons of by-product KBF44000 and 76000 tons of hydrochloric acid, 500 tons of new battery electrolyte additives, 47000 tons of fluoride salt and other product projects, with a total investment of 600 million yuan, and Xintai Materials accounted for 51% of the total investment.

In addition, Skyline is also preparing 30, 000 tons of lithium hexafluorophosphate, 6000 tons of high-purity LiF and other new electrolyte lithium salts and integrated supporting projects, with a total investment of 3 billion yuan.