* ST Salt Lake's net profit in the first half of the year is expected to exceed 2 billion million tons of lithium carbonate project has been partially put into production

On the evening of July 6, * ST Salt Lake (000792) issued a semi-annual performance forecast for 2021. In the first half of this year, the company expects to achieve a net profit of 2 billion yuan to 2.2 billion yuan, an increase of 44.69% to 59.15% over the same period last year; net profit after deducting non-recurring profits and losses is 2 billion yuan to 2.2 billion yuan, an increase of 38.30% and 52.13% over the same period last year.

* ST Salt Lake said that in the first half of the year, the company's main business KCl production and sales were stable, Lanke Lithium Industry 20, 000 ton project part of the plant has been put into operation, lithium carbonate production increased compared with the same period last year. Affected by the rise in commodity prices, the prices of KCl and lithium carbonate products rose in the first half of the year, and the company's performance improved.

It is worth noting that due to the negative audited net profit of * ST Salt Lake in 2017, 2018 and 2019, the Shenzhen Stock Exchange decided to suspend the listing of the company's shares from May 22nd, 2020.

According to the latest updated 2020 annual report of * ST Salt Lake, the company has continued to do a good job in the development, production and sales of potash and lithium salts over the years. Last year, the operating income was 14.016 billion yuan, and the net profit belonging to the shareholders of the listed company was 2.039 billion yuan, an increase of 104.45% over the same period last year, and the company's net assets were 5.266 billion yuan. The company's net profit and net assets belonging to the shareholders of the listed company have become positive, and the company's sustainable operating ability has been restored.

Among them, in the lithium plate, the company's lithium carbonate output reached 13602 tons, an increase of 2300 tons over the same period last year, and the quality of lithium carbonate products steadily improved. The proportion of superior products (main content ≥ 99.2%) reached 92.67%, an increase of 14.4% over the same period last year. The overall image progress of the 20,000 tons / year battery-grade lithium carbonate project has reached 85%, some devices have been put into commissioning, and the lithium plate has been gradually put into operation.

With the recovery of operating capacity, the performance continued to improve. On April 8, 2021, * ST Salt Lake submitted a written application to Shenzhen Stock Exchange for resumption of listing, which has been accepted. On July 6, the company submitted the relevant supplementary materials for the resumption of listing, and the resumption of listing entered the final sprint stage.