The price of lithium carbonate and potassium chloride rose 2021. The net profit of Salt Lake shares soared by more than 90%.

SMM, Jan. 20: on the evening of January 19, Salt Lake shares announced that net profit in 2021 is expected to reach 3.88 billion yuan to 4.28 billion yuan, an increase of 90.24% over the same period last year. 109.85%.

For the reasons for the changes in the company's performance, Salt Lake said that the company's main business potassium chloride production and marketing is stable, potassium chloride production of about 5.02 million tons, sales of about 4.65 million tons; lithium carbonate production of about 22700 tons, sales of about 19200 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.

On August 10, 2021, Salt Lake shares successfully resumed listing after being suspended for more than 14 months, and experienced a roller coaster on its first day of listing, rising more than 306% at one point.

Although its popularity gradually returned to normal after that, the glory at that time still moved the market. In the record form of investor activities released by the company on December 30 last year, it was mentioned that in order to effectively implement the spirit of "Plan and Action Plan for the Construction of a World-class Salt Lake Industrial Base", combined with the actual situation of the company, the company organized experts in relevant fields to scientifically formulate the company's "14th five-year Plan". The company will take this opportunity to speed up the construction of a world-class salt lake industrial base to unswervingly promote the implementation of the strategic vision of "Centennial Salt Lake and Ecological magnesium-Lithium-potassium Park". Through the comprehensive implementation of the strategy of "one core, two wings, multi-point support, and ecological priority", build a modern salt lake industrial system, consolidate the foundation for development, and constantly improve industrial profitability and capital operation capacity. The new energy materials business of potash fertilizer and lithium electricity is regarded as the main business body and profit body of the company, and the industrial chain is continuously extended, the product structure is optimized, and the business scale is continuously expanded by means of technological innovation. Salt Lake shares will become the "ballast stone" of supporting agricultural fertilizer in China and the "escort" of new energy.

In addition, Salt Lake also revealed that in addition to Lanke Lithium's existing production capacity of 30,000 tons of lithium carbonate, Lanke Lithium and BYD's 30,000-ton plant is being pilot-scale. The main development directions of the company in the lithium industry in the future include anhydrous lithium chloride, lithium hydroxide, metal lithium and so on.

It should be noted that most of the lithium carbonate produced by Lanke Lithium Co., Ltd. is industrial-grade products, and the production capacity of Lanke Lithium Industry will be 30,000 tons in 2022. However, when Lanke Lithium Industry 20,000 tons of battery-grade lithium carbonate lithium precipitation plant is completed and put into production, battery-grade lithium carbonate will be produced.