SMM April 12: yesterday, Salt Lake Lithium concept stocks-Salt Lake shares and Zangge Mining both issued their own first-quarter 2022 results forecasts, all with eye-catching results of pre-growth of more than 200%.
Among them, Salt Lake shares said that the company is expected to make a net profit of 3.45 billion yuan to 3.55 billion yuan in the first quarter, an increase of 334.98% and 347.59% over the same period last year. As for the reasons for the performance changes during the reporting period, Salt Lake shares said that during the reporting period, the company's main business potassium chloride production and marketing was stable, with potassium chloride production of about 1.14 million tons and sales of about 1.45 million tons; lithium carbonate production of about 7000 tons and sales of about 6700 tons. During the reporting period, the market prices of potassium chloride and lithium carbonate products rose, and the company's performance increased significantly compared with the same period last year.
Earlier, investors asked Salt Lake shares whether the company was considering going abroad, looking for lithium minerals or speeding up its own mining. Salt Lake shares replied that the lithium industry is the company's key development direction. the company will continue to increase the development of major businesses such as new energy materials for lithium electricity, with lithium carbonate as a supplementary business and lithium chloride, lithium hydroxide and lithium metal as derivative business. And continue to improve R & D and design capabilities, enhance the core competitiveness. At present, the company's other lithium industry is still under planning, if there is any progress, the company will promptly implement the relevant procedures and fulfill the information disclosure obligations.
As for Zangge Mining, the company is expected to make a net profit of 780 million yuan to 830 million yuan in the first quarter of 2022, an increase of 208.15% 227.90% over the same period last year. As for the reasons for the changes in the company's performance, Zangge Mining said that during the reporting period, the sales volume of the company's subsidiary Zangge potash potassium chloride products increased, the sales price continued to rise, and its operating income and profit increased significantly compared with the same period last year. In addition, the company's secondary subsidiary Zangge Lithium Carbonate products sales prices continued to rise, operating income and profits increased significantly compared with the same period last year. And the company's long-term equity investment confirmed that the investment income is about 124 million yuan, which is mainly the investment income generated by the Tibetan Dragon Copper Industry.
According to previous news, Zangge Mining produced a total of 7553.06 tons of lithium carbonate in 2021, with a planned production capacity of 10, 000 tons in 2022. And prior to this, Zangge Mining also disclosed its five-year development strategic plan, stipulating that from 2022 to 2024, the output of potassium chloride and lithium carbonate in Chaerhan Salt Lake will remain stable; the lithium project in Mamicuo Salt Lake has been completed and put into production, and progress has been made in mergers and acquisitions of new projects; add 1-2 million tons of lithium carbonate salt lake lithium projects; choose the opportunity to land in overseas capital markets. The second stage (2025-2027) will go global, continue to fully develop the existing mineral resources, basically reaching the level of the world's first-class mining groups; the output of potassium chloride and lithium carbonate in Chaerhan Salt Lake remains stable; stable production and opportunity expansion of the Mamicuo Salt Lake Lithium Project; build a new salt lake lithium mine.
Tibet Mining Industry:
In addition to the above two, in late March, Tibet Mining, one of Salt Lake Lithium extraction concept stocks, also released its first quarter 2022 results forecast. According to the report, the company is expected to achieve an operating income of 300 million yuan to 450 million yuan during the reporting period, an increase of 120.39 percent to 230.58 percent over the same period last year, and a net profit of 100 million yuan to 150 million yuan belonging to shareholders of listed companies, an increase of 398.08 percent and 647.12 percent over the same period last year.
Referring to the reasons for the changes in the company's performance, Tibet Mining said that during the reporting period, the company's performance grew steadily, especially the demand for lithium resources continued to rise, the price of lithium products continued to rise, and the company seized the opportunity to increase sales. Sales of lithium products gradually increased, lithium business profits increased significantly.
In addition, the report also mentioned that according to the company's preliminary estimates, the company is expected to receive a total of 9016 tons of lithium concentrate in 2021, an increase of 96.00% over the same period last year.
Tianqi lithium industry:
Although Tianqi Lithium Industry did not release a forecast of first-quarter results, it had previously released the company's main operating data from January to February 2022. Tianqi Lithium Industry said that in 2022, affected by the substantial growth in demand and sales of downstream new energy vehicles, the imbalance between supply and demand of lithium products has become more and more obvious. From January to February, the sales price of the company's main lithium salt products increased rapidly, and the products were in short supply. According to statistics, from January to February 2022, the company's lithium concentrate production increased by about 39% year-on-year, sales increased by about 56% year-on-year, lithium concentrate revenue is expected to increase by about 366% year-on-year; revenue from lithium compounds and their derivatives is expected to increase by about 492%.
Ganfeng lithium industry:
Similar to Tianqi Lithium Industry, Ganfeng Lithium Industry has not issued an advance announcement on its first-quarter results, but it has previously disclosed the company's operation from January to February in 2022. It said its operations were stable in the first two months of 2022, product prices rose further and sales increased year-on-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 reported that Ganfeng Lithium Industry has acquired lithium reserves in China, Argentina, Mexico, Mali, Australia, Ireland and other countries and regions, and in addition to the layout of lithium mines, the company also continues to lay out lithium recycling plates, which is expected to form a recovery scale of 10,000 tons of lithium carbonate equivalent in 2022 and 25000 tons of lithium carbonate equivalent in 2023.
Referring to the future trend of lithium carbonate prices, Ganfeng Lithium Industry said that lithium carbonate prices will be affected by real-time supply and demand. We believe that the current supply and demand of lithium salt is tight, and the company will also increase the construction of new capacity in the future. to help ease the supply and demand tension in the market. The company currently plans to 2025 grandma shoes to form a 30-night reading waiting for your lithium carbonate equivalent supply capacity, of which its own resources supply is not less than 200000 tons of lithium carbonate equivalent.
According to SMM's latest spot quotation, the average spot price of domestic battery-grade lithium carbonate was 498000 yuan / ton on April 12, down 2000 yuan / ton from yesterday, losing 500000 yuan / ton, recording the third consecutive trading day of decline.
"Click to view the spot market of SMM new energy products.
From a fundamental point of view, SMM research shows that the supply side continues to increase the supply side at the end of maintenance and capacity increase, and the overall supply continues to rise; on the demand side, the demand for the four major cathode materials fell this month due to reduced orders. And downstream resistance to high-priced lithium, driven by market sentiment and rising supply while reduced demand, SMM expects the price of lithium carbonate to decline slightly in the future.
