Looking back on the 14th, the stock price soared by more than 378%! Salt Lake shares resumed listing first half-yearly report net profit of 2.114 billion Lithium Carbonate Business increased significantly

SMM August 30th: on the evening of August 29th, Salt Lake shares, which have just resumed listing, submitted their first semi-annual report of their return to the stock market, and the results are quite eye-catching. According to the announcement, although the company recorded revenue of 6.162 billion yuan in the first half of the year, down 36 percent from the same period last year, the net profit increased by 52.97 percent to 2.114 billion yuan.

It is reported that during the reporting period, potassium chloride is still the company's main source of business, and due to the high demeanor of the lithium industry in the first half of the year, the company's lithium carbonate business revenue has increased significantly compared with the past. According to the financial report, the company's lithium carbonate business recorded a total revenue of 470 million yuan, a year-on-year increase of 391%.

It is worth mentioning that with the explosion in the field of new energy vehicles, lithium resources, which are already in short supply, are in short supply. therefore, the salt lake with low cost and rich resources is favored by the market. Under the favorable background that the country has repeatedly mentioned to speed up the development of the salt lake industry, Salt Lake shares take advantage of this east wind.

The data show that Chaerhan Salt Lake, which is owned by Salt Lake Co., Ltd., is the largest potassium-magnesium-lithium salt deposit in China. Salt Lake shares previously revealed in an interview that Chaerhan Salt Lake is rich in lithium resources, but magnesium and lithium is relatively high, and the company's potash plant emits about 200 million cubic meters of old brine every year. The raw material liquid provides a reliable resource guarantee for the development of the lithium industry.

At present, in terms of the company's lithium salt production capacity, part of the battery-grade lithium carbonate project with an annual production capacity of 20,000 tons has been put into trial operation and is expected to be fully put into operation in 2021; on the other hand, Lanke Lithium Industry, a subsidiary of the company, currently has an annual capacity of 10,000 tons of lithium carbonate, producing a total of 13600 tons of lithium carbonate in 2020.

It should be noted that during the reporting period, due to the surge in demand for lithium batteries driven by the explosion of downstream new energy vehicles, lithium carbonate fell into a mismatch between supply and demand, and prices continued to rise. according to SMM spot prices, as of June 30, the average price of domestic battery-grade lithium carbonate was 87500 yuan / ton, an increase of more than 69.9 percent this year.

"Click to view the spot market of SMM metal.

Not only that, the price of lithium carbonate continued to rise in July, and now it has already broken through the 100000 yuan / ton mark and still continues to increase. As of August 27, the average price of domestic battery-grade lithium carbonate has reached 109000 yuan / ton. SMM predicts that the lithium salt market will remain out of storage in the second half of the year. Compared with lithium carbonate, the shortage of lithium hydroxide market is small, but the market price will remain high.

In terms of share price, Salt Lake shares have maintained a high and fluctuating trend since they soared 306% on the day of their resumption of listing on August 10. As of August 27, Salt Lake shares closed at 42.29 yuan per share, up 378.39 percent from 8.84 yuan per share in just 14 days, with a total market capitalization of 229.8 billion yuan.