The net profit of Tianji shares soared 2491.07% in the third quarter compared with the same period last year. Lithium hexafluorophosphate is the biggest contributor.

On October 18th, Skyline released its results for the third quarter of 2021. According to the financial report, the company's revenue in the third quarter was 687 million yuan, an increase of 287.3% over the same period last year. The net profit attributed to shareholders of listed companies in the third quarter was 242 million yuan, an increase of 2491.07% over the same period last year. The company's total revenue in the first three quarters was 1.438 billion yuan, an increase of 220.7 percent over the same period last year. The net profit attributed to shareholders of listed companies in the first three quarters was 446 million yuan, an increase of 1120.48 percent over the same period last year.

Prior to this, investors asked questions about the company's main source of income in the third quarter on the interactive platform, and Skyline calmly replied that the company's profit in the first three quarters mainly came from lithium hexafluorophosphate business. According to Tianji shares, the company already has a capacity of 8160 tons of lithium hexafluorophosphate, with additional production planned for trial production in the second quarter of 2022.

At present, the project under construction of the company is to jointly invest and expand the annual output of 10000 tons of lithium hexafluorophosphate with Xinhua Chemical Industry. In this project, Skyline shares account for 51% of the total investment. In addition, the company also cooperates with Ruitai New Materials on lithium hexafluorophosphate and lithium salt projects such as LiF and calcium chloride, in which the annual production capacity of lithium hexafluorophosphate is expected to reach 30000 tons.

According to statistics, since the beginning of 2021, the price of lithium hexafluorophosphate has risen from about 105000 yuan / ton to about 535000 yuan / ton, an increase of 410%, resulting in a substantial increase in electrolyte and battery costs.

Today, with the high price of lithium hexafluorophosphate, SMM also launched the quotation of lithium hexafluorophosphate on November 1. As of November 3, the spot price of lithium hexafluorophosphate is 510000,530000 yuan / ton, with an average price of 520000 yuan / ton.

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