Tianhua ultra-clean: the net profit in the first half of the year increased by 66.57%. The annual production capacity of 100000 tons of lithium hydroxide will be completed ahead of schedule.

SMM August 4: on the evening of July 30, Tianhua Super net released its annual report data for the first half of 2021. Data show that in the first half of 2021, Tianhua Super net achieved a total operating income of 1.431 billion yuan, an increase of 87.86 percent over the same period last year, and a net profit of 313 million yuan, an increase of 66.57 percent over the same period last year.

It is reported that the company's new energy lithium materials business is the main contributor to the company's revenue growth, the business achieved 879 million yuan in revenue during the reporting period. Tianyi Lithium Industry, the holding subsidiary of the company, has an annual output of 20,000 tons of battery-grade lithium hydroxide project since it was completed and put into production.

Previously, Tianhua Chaojing said in the record sheet of investor relations activities that the total production capacity of Tianyi Lithium Industry's first and second phase of the battery-grade lithium hydroxide project would reach about 50,000 tons. At present, the company's third and fourth phases of the project have also entered the preparatory stage, and it is planned to build a separate production line with an annual output of 25000 tons of lithium carbonate or lithium sulfate causticized lithium hydroxide by 2022. It is expected that the company's total annual production capacity of 100000 tons of lithium hydroxide will be completed ahead of schedule.

It is worth mentioning that lithium hydroxide, as one of the main raw materials of power batteries, has been in short supply since 2021. According to SMM's recent research, the lithium hydroxide market has a high price lock volume, and the transaction price is relatively extreme. In terms of quotation, the coarse particles are all above 100000 yuan / ton, the overall supply shortage trend is still in place, and the price will continue to rise. "View details

According to the spot price of SMM, as of August 3, the average price of domestic battery-grade coarse-grained lithium hydroxide was 102000 yuan / ton, an increase of 108.2% for the year.

"Click to view the spot market of SMM metal.

According to the latest news, Tianhua Super Clean recently said on the interactive platform that the battery-grade lithium hydroxide products produced by Tianyi Lithium Industry can also be used for energy storage.

Spurred by all kinds of good news, Guangfa Securities released a research report on August 4, saying that Tianhua maintained its ultra-net buying rating, and its 2021 net profit was expected to be 695 million yuan, an increase of 143.01% over the same period last year.