This stock is up more than 632% this year! With 100 million tons of lithium ore resources, it has no lithium battery business.

SMM Sept. 10: recently, the prices of lithium salt products have continued to rise. According to the spot quotation of SMM, the price of domestic battery-grade lithium carbonate has increased by 57% since July 2021. SMM research shows that this situation is mainly related to the removal of lithium carbonate in July and the shortage of supply in the market in August.

"Click to view the spot market of SMM metal.

Driven by the continued rise in lithium salt prices, today's lithium ore and lithium battery plate once again appeared a huge wave of rising and stopping tide. Including Jiangte Motor, Yongtai Technology, Shengxin Lithium Energy, etc., many stocks pulled up in the afternoon, sealing the trading board.

Among them, since entering 2021, taking advantage of the east wind of the lithium power industry, Jiangte Motor has achieved substantial growth in its lithium carbonate business. According to the company's first-half performance report, the company's net profit belonging to shareholders of listed companies was 181 million yuan, up 6442.29% from the same period last year. And the lithium carbonate business contributed 440 million of the company's total revenue of 1.365 billion, an increase of 251.59% over the same period in 2020.

At the same time, the company's share price is also rising. Jiangte Motor is also expanding its business scale. After laying out the lithium carbonate production line, the company is also building a production line with an annual capacity of 10,000 tons of lithium hydroxide.

It is worth mentioning that, according to the semi-annual report of Jiangte Motor, the company has 2 mining rights and 5 exploration rights in Yichun lithium porcelain stone mine, and has proved 93.6 million tons of lithium ore resources, with a total of more than 100 million tons of lithium ore resources held or controlled. On September 8, when asked by investors about the process of the company's exploration and transfer mining procedures, Jiangte Motor replied that the company has set up a project to actively promote the "exploration and transfer mining" work of the Xikeng Lithium Mine, but because the processing of the mining warrant needs to be submitted to the Ministry of Natural Resources for approval, the workload is heavy and the working cycle is long, so the specific situation also needs to pay attention to the company's follow-up announcement.

As soon as the news came out, in the recent positive market of lithium salt products, the share price of Jiangte Motor rose all the way up, closing at 27.32 yuan per share in intraday trading today.

Considering the recent developments of Jiangte Motor, some investors asked the company whether it could develop lithium batteries on the interactive platform, but Jiangte Motor replied that the company had no lithium battery business.

However, there is no doubt that in such a hot lithium industry, the future of Jiangte Motor is still worth looking forward to.