On March 26, the lithium battery concept stock fluctuated higher, and Yongxing successfully peaked with a 10% increase, blocking the trading limit at midday. After opening in the afternoon, its share price continued to rise to the daily limit after a slight decline, and finally closed at 43.78 yuan per share.
At the same time, Yongxing Materials also responded to questions from relevant investors on the interactive platform. As for the question raised by investors, "can the company currently produce 1200 tons of lithium carbonate per month?" And "is the company's business performance much better in the first quarter of 2021 than in the same period in 2020?" Yongxing replied that the production of lithium carbonate in February 2021 was lower than that in other months due to the Spring Festival holiday, but the output in January and March was about 1000 tons. For the company's performance in the first quarter, Yongxing material reminds investors that they can pay attention to the company's periodic reports and other announcements.
In addition to production and performance issues, investors also asked Yongxing material questions about "the utilization rate of special steel and lithium carbonate capacity in the first quarter of 2021", "the impact of rising lithium carbonate prices on the profitability of the company's products" and "whether it is possible to start production ahead of time in the company's new production line and lithium mineral expansion construction." in this regard, Yongxing material unified reply: the company can produce special steel and lithium carbonate well in the first quarter of 2021. And the rise in the price of lithium carbonate on the market unexpectedly has a positive impact on the performance of Yongxing Materials.
In addition, the company's annual output of 20,000 tons of battery-grade lithium carbonate project has basically completed the feasibility report, road construction and other preliminary work, and has held a start ceremony in the near future. The mineral processing project is carrying out site leveling.
According to public data: Yongxing material was founded in 2000, specializing in high-quality stainless steel rod and wire, special alloy materials and lithium materials research and production, the products are mainly used in high-end equipment manufacturing, new energy vehicles and energy storage and other fields. In the new energy and lithium industry is becoming increasingly popular today, Yongxing materials can be expected in the future.
