Ganfeng Lithium Industry: net profit in 2020 increases by 186% year on year, plans to invest 3 billion to build high-end polymer lithium battery R & D and production construction base

On the evening of March 30, Ganfeng Lithium Industry released the company's 2020 results. According to the financial report, Ganfeng Lithium had an operating income of 5.524 billion yuan in 2020, an increase of 3.41% over the same period last year, a net profit of 1.025 billion yuan, an increase of 186.16% over the same period last year, and basic earnings per share of 0.79 yuan. It is proposed to pay a cash dividend of 3 yuan (including tax) for every 10 shares.

Public data show that Ganfeng Lithium Industry was founded in 2000, its main business is non-ferrous metal smelting and lithium product R & D and production. Up to now, Ganfeng lithium industry has long been a leader in the field of domestic deep processing lithium products.

What is even more admirable is that Ganfeng Lithium Industry is still the only enterprise in China to establish a full product chain of "brine / recycled materials containing lithium-lithium carbonate / lithium chloride-metal lithium-butyl lithium / battery-grade metal lithium-lithium alloy". It is also the only enterprise in the domestic lithium industry to realize the competition of the whole product chain.

For future planning, Ganfeng Lithium said that in 2021, the company will actively promote the development and construction of the Cauchari-Olaroz Lithium Salt Lake project in Argentina, which plans to complete most of the project construction in 2021 and trial production in the first half of 2022.

On the other hand, Huizhou Ganfeng, a wholly owned subsidiary of Ganfeng Lithium holding subsidiary, plans to invest no more than 3 billion RMB in building a high-end polymer lithium battery R & D, production and construction base; the company will gradually climb the production capacity and reach production capacity in 2021 when it completes the 50000-ton battery-grade lithium hydroxide production line (i.e. Mahong 10,000-ton Lithium Salt Phase III Project) in Xinyu basic Lithium Plant in 2020, and the production line is running well at present.

According to SMM data: as of March 30, battery-grade lithium hydroxide was quoted at 72000,000,000 yuan / ton, with an average price of 73500 yuan / ton, up 1500 yuan / ton from yesterday.

"Click to view SMM spot quotation

For the reasons for the recent price rise of lithium hydroxide, SMM survey data show that the current output of lithium hydroxide in large-scale smelters is mainly export, superimposed some manufacturers lack of ore, the spot market supply of electricity and hydrogen enterprises reduced, a large number of enterprises quoted for coarse-grained battery-grade lithium hydroxide rose to 80, 000 yuan per ton, resulting in an increase in the actual transaction price. "View details

As of 11:00, Ganfeng Lithium fell 5.89% to 94.20 yuan per share.