SMM August 30th: on August 29th, Tianqi Lithium Industry released its results for the first half of 2021. According to the financial report data, the company achieved a total operating income of 2.351 billion yuan in the first half of the year, an increase of 25.13% over the same period last year. The net profit attributed to listed shareholders was 85.798 million, compared with-700 million yuan in the same period last year, a year-on-year increase of 112.32%.
As for the reason for the increase in the company's performance, Tianqi Lithium Industry explained that the sales of the company's main lithium compound products increased by 36.44% over the same period last year, and the average sales price increased by 31.22% over the same period last year. During the reporting period, due to changes in the share price of SQM, the fair value change income from SQM's class B leading options business increased compared with the same period last year.
And according to the announcement, the lithium concentrate production capacity that Tianqi Lithium Industry has built in the Greenbush Lithium Mine in Western Australia has enabled the company to obtain stable, low-cost and high-quality raw materials. In terms of lithium product processing business, the company already has the world's first fully automated battery-grade lithium carbonate production line in Zhangjiagang base, and the company also has two phases of battery-grade lithium hydroxide production line with a total annual production capacity of 48000 tons in Quinana, Western Australia. it is still under construction and commissioning.
In addition, in Suining, Tianqi Lithium Industry has started construction of a production line with an annual production capacity of 20,000 tons of battery-grade lithium carbonate, but it is currently on hold.
It is worth mentioning that in this era of "ore is king", Tianqi lithium industry has a strong lithium resource reserve advantage and production capacity advantage compared with domestic enterprises in the same industry. The company's holding subsidiary Terlison owns the Greenbush spodumene mine in Australia, which currently produces lithium concentrate with a capacity of 1.34 million tons per year and can continuously and steadily supply high-quality spodumene concentrate.
In addition, the company's wholly-owned subsidiary Sheng he Lithium Industry also owns the mining rights of Zola spodumene Mine in Yajiang County, Sichuan Province. Not only that, Tianqi Lithium Industry has achieved the layout of high-quality salt lake lithium resources through equity participation in Xigaze Zabuye and SQM, as well as the layout of high-quality lithium mines and salt lake brine resources.
In terms of industrial scale, in addition to the projects already completed and under construction mentioned above, Tianqi Lithium Industry also had a medium-term planned production capacity of lithium chemical products totaling more than 110000 tons / year, and the company's Terrison Lithium concentrate completed a production capacity of 1.34 million tons / year. the planned production capacity is 1.94 million tons / year.
Stimulated by the explosion of the lithium industry in 2021, Tianqi Lithium shares have recently reached record highs. As of 10:52 on August 30, Tianqi Lithium shares once rose to 143.17 yuan per share in intraday trading, up more than 263% this year.
