Prices of Lithium Hexafluorophosphate Continues To Fall, This Company Expects A Loss In 2022

Recently, Shenzhen Xinxing released an announcement on the performance in 2022, which mentioned that the company's net loss attributable to shareholders of listed companies in 2022 is expected to be 52 million to 42 million yuan.

Referring to the reason for the loss, Shenzhen Xinxing said that since December 2022, the market price of lithium hexafluorophosphate and its raw material LiF has fallen. Subsequent market prices will gradually stop falling and stabilize, so no provision for inventory price decline has been made.

However, starting from March 2023, the prices of lithium hexafluorophosphate and LiF have fallen further and have fallen below the company's closing balance cost. Based on the principle of prudence, in accordance with the "Accounting Standards for Business Enterprises" and the company's accounting policies and other relevant regulations, combined with the expected sales of the company's inventory, The company made an inventory depreciation reserve of 59.92 million yuan for lithium hexafluorophosphate and raw material LiF, resulting in a loss in the company's 2022 annual performance.