Ganfeng Lithium Industry's 2021 net profit soars by more than 405%. 40, 000 tons of lithium carbonate is scheduled to be put into production in the second half

SMM March 15: last night, Ganfeng Lithium Industry, one of the "Lithium duo", released its 2021 results KuaiBao and 2022 January-February major operating data report. According to its 2021 performance KuaiBao, during the reporting period, the company achieved a total revenue of 11.162 billion yuan, an increase of 102.07% over the same period last year; the net profit belonging to shareholders of listed companies was 5.175 billion yuan, up 405.03% from the same period last year.

For the reasons for the company's performance growth, Ganfeng Lithium Industry said that on the one hand, with the rapid development of new energy vehicles and energy storage industry, downstream customers' demand for lithium products is growing strongly. In 2021, the company's lithium product production and sales volume increased, and the average product sales price increased significantly compared with 2020. The company's lithium battery plate new projects have been put into production one after another, and the production capacity has been gradually released. In addition, the increase in the fair value change income of the company's financial assets such as Pilbara is also a major reason for the company's performance growth compared with the same period last year.

In 2022, Ganfeng lithium industry said that the company's operation was stable from January to February in 2022, product prices rose further, and sales increased compared with the same period last year. After preliminary calculation, the company is expected to achieve a total revenue of 3.6 billion yuan in the first two months of 2022, an increase of about 260% over the same period last year; the net profit belonging to shareholders of listed companies is about 1.4 billion yuan, an increase of about 300% over the same period last year.

It is worth mentioning that, as a leading lithium mining enterprise, Ganfeng lithium industry has been increasing the layout of lithium mining since 2022. In early February, Ganfeng Lithium Industry also announced that the company's Mt Marion spodumene project capacity will be expanded, and the original production capacity is expected to increase by 10-15%. In addition, the contact mine production capacity will be increased by 10-15%, and the specific expansion scale depends on the results of process optimization and the actual situation of contact minerals.

In addition, the company also signed a "Strategic Framework Agreement" with the people's Government of Haixi Prefecture in Qinghai Province, making use of the company's advantages in the research, development, production and sales of the whole industry chain of lithium products to strengthen the comprehensive development and utilization of lithium resources in Haixi Salt Lake. Increase cooperation in lithium salt lake exploration and development, metal lithium and its supporting production capacity, lithium battery recovery and reuse, energy storage battery, energy storage power station, R & D center and science and technology platform, to form an industrial cluster for the exploration, development and comprehensive recycling of lithium resources in the salt lake.

At the news conference on the development of automobile industry and agriculture in 2021 held on January 12, Guo Shougang, deputy director of the first Department of equipment Industry of the Ministry of Industry and Information Technology, mentioned that it is necessary to co-ordinate and enhance the guarantee capacity of key resources, strengthen communication and coordination with provinces and cities such as Qinghai, Sichuan, and Jiangxi, and promote the development of domestic lithium resources.

According to the spot price of SMM, the spot price of lithium metal has been singing all the way into 2022. As of March 16, the average spot price of lithium metal has risen to 3.134 million yuan / ton, up 1.739 million yuan / ton from the beginning of the year, or 124.66%.

"Click to order to view the spot historical price of SMM new energy products.

According to public data, Ganfeng Lithium Industry now has an annual production capacity of 43000 tons of lithium carbonate and 81000 tons of lithium hydroxide per year, power and energy storage battery 3GWh/. According to company insiders, the Argentine Cauchari-Olaroz Salt Lake project plans to put into production in the second half of 2022, while the fourth phase of the Mahon plant is scheduled to be put into production in July, and the designed products will mainly meet the existing lithium hydroxide production capacity; in addition, Ganfeng Lithium Argentina Marina project and Mexico sonora project are also under construction and are scheduled to be put into production in 2023.

With regard to the pricing of lithium salt, the person said that the price of lithium carbonate of the company has been following the market, and we now have some orders for lithium hydroxide that have become monthly price adjustments, which are more flexible and rapid than before.

According to the spot price of SMM, the average spot price of domestic battery-grade lithium carbonate is 503000 yuan / ton, which has broken through the 500000 yuan / ton mark. SMM expects that due to centralized preparation has been completed, next week there may be manufacturers sporadic replenishment, lithium carbonate prices will still be slightly upward; and lithium hydroxide and lithium carbonate price difference has also gradually narrowed to a relatively reasonable range, today the average price of domestic battery-grade lithium hydroxide 482500 yuan / ton, and taking into account the recent manufacturers have completed preparation, the follow-up may have a little zero single replenishment, the future expected lithium hydroxide increase may slow down. "View details