In the first two months of this year, the net profit of lithium electricity business of Yongxing material increased by about 3700% compared with the same period last year. 10,000 tons of lithium carbonate production line was put into production at the end

SMM March 17: after trading yesterday, Yongxing material released the company's main operating data announcement from January to February 2022. According to the announcement, since entering 2022, Yongxing material has been operating steadily and its performance has increased significantly compared with the same period last year. According to the company's preliminary accounting, from January to February 2022, the company achieved an operating income of about 1.58 billion yuan, an increase of about 96% over the same period last year, and a net profit of about 490 million yuan for shareholders of listed companies, an increase of about 650% over the same period last year.

For the reasons for the growth of the company's performance, Yongxing material said that it is mainly due to the sustained and rapid development of the lithium power new energy industry, driving up the price of lithium carbonate. In the past two months, in the lithium power new energy business alone, the company achieved revenue of about 620 million yuan, an increase of about 670% over the same period last year, and a net profit of about 420 million yuan belonging to shareholders of listed companies, an increase of about 3700% over the same period last year.

It is worth mentioning that the lithium salt production of the company's lithium salt factory was affected in the first quarter due to the overhaul of equipment during the Spring Festival holiday, but Yongxing material said that the impact was small, and the company's lithium salt sales were expected to increase in the first quarter compared with the same period last year.

Referring to the company's average sales price of lithium salt in the first quarter, Yongxing material said that the price of lithium salt products in the first quarter was adjusted in principle on a monthly basis, based on the price of the SMM platform in that month, and was determined through consultation with customers; a small number of bulk orders went with the market, and the details should be subject to the relevant announcements disclosed later by the company.

According to the spot price of SMM, as of March 18, the average spot price of domestic battery-grade lithium carbonate was 503000 yuan / ton, an increase of 80.94% since the beginning of the year. Recently, according to the latest research by SMM, the tight situation of lithium carbonate supply has alleviated, and this week is not the time for concentrated purchases, the market turnover is less, and the overall price of lithium carbonate is stable. "View details

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

And in the lithium industry chain enterprises scrambling to seize lithium ore resources to stabilize the cost, Yongxing lithium salt products rely on their own mines to provide raw materials, the cost has a great advantage in the industry. In terms of lithium salt production line, the first production line of the second phase of the company's battery-grade lithium carbonate project has entered the equipment commissioning stage and can achieve the target of putting into production of 10,000 tons of lithium carbonate at the end of the first quarter.

In addition, in the investor research activity table released in mid-late January, Yongxing also mentioned that the project with an annual production capacity of 20,000 tons of battery-grade lithium carbonate is expected to start production of the second 10,000-ton production line in the second quarter. In addition, the company's 1.8 million tons / year lithium ore efficient mineral processing and comprehensive utilization project has received environmental assessment and is carrying out plant infrastructure construction. The matching 3 million-ton technical transformation and expansion of the mining project is being submitted for approval.

After the completion of the second phase of the lithium power project, the annual production capacity of lithium carbonate of Yongxing material will reach 30, 000 tons, and the mineral processing capacity will be 1.2 million tons, plus 1.8 million tons newly built, and 50-600000 tons of Yongcheng lithium industry, which is exactly matched with 30, 000 tons of lithium carbonate. However, in the process of construction, there may be a short-term capacity mismatch due to the construction progress of the project and the time to reach production after completion, which will be solved by storing mica concentrate and other ways.