Why is the sales of lithium salt in the first half of the year of the Ganfeng Lithium Industry, which is still less than expected?

On the evening of August 30, Ganfeng Lithium (SZ002460, a stock price of 85.70 yuan, a market value of 172.8 billion yuan) disclosed the 2022 interim report. During the reporting period, the company realized operating income of 14.444 billion yuan, an increase of 255.38%year -on -year; realized net profit attributable to mothers to mother 7.254 billion yuan, a year -on -year increase of 412.02%.

Ganfeng Lithium said that the significant increase in performance was caused by the rise and sales of products and prices.

"Daily Economic News" reporter noticed that despite the rise of Ganfeng lithium industry performance, the top ten shareholders of the company in the same period, the northbound capital and social security funds were reduced. The semi -annual report disclosed that Hong Kong Central Settlement Co., Ltd. held 91.49 million shares and 2.96 million stocks; the National Social Security Fund's 1414 group held 7 million shares and reduced positions by 400,000 shares.

On the day of the interim report release, the Ganfeng Lithium Industry also announced that it will invest 3.5 billion yuan to invest in the construction of a new 6GWH new lithium battery production project, and to invest in the construction of a small polymer lithium battery project with an annual output of 2 billion yuan.

Ganfeng Lithium Industry In the first half of the year's revenue and net profit, the source of data sources: The company's semi -annual report IC Photo Yang Jing made pictures

Lithium salt production is less than expected

Public information shows that Ganfeng Lithium Industry is the only company in the global lithium industry that has "brine lithium", "lithium lithium" and "recycling lithium" industrialization technology at the same time. The production capacity is one of the most complete manufacturers of lithium -series products.

In the first half of this year, Ganfeng Lithium continued to obtain high -quality lithium resources worldwide. Through Xinyu Ganfeng Mining to obtain 62%equity of the Shangrao Songshugang Mining Project; completed the equity delivery of the MaliLaMina's Goulamina Symphony Project, and obtained 50%of the stake in Mali Lithium; The company and the Sonora lithium clay project 100%of the equity; due to the tight lithium concentrate supply, the MT Marion pyroxyl project was upgraded and transformed in the production capacity of the ore treatment capacity. At the end of 2022, the existing lithium concentrate capacity was expanded to 900,000 tons/year.

Ganfeng Lithium said that the company is the world's largest metal lithium manufacturer and the largest lithium compound supplier in China. At present, the company has built a production line with more than 100,000 tons of LCE lithium salt capacity, and the 10,000 -ton lithium salt plant has become the world's largest lithium salt production base.

However, in the first half of 2022, the lithium salt production and sales of Ganfeng Lithium were generally less than expected. In terms of ore supply, due to the needs of the MT Marion mine renovation and expansion, the influence of the mining ore mining on the upper layer of the new pit in the short term, and the influence of the labor force caused by the Australian new crown epidemic. Essence In terms of product sales, it was affected by the blockade of the new crown epidemic at home and abroad, which led to delay in shipment of some products. With the gradual completion of the MT MARION mine renovation and expansion, the release of new lithium salt production capacity, and the gradual termination of the domestic and foreign epidemic blockade, the company's lithium salt production and sales in the second half of 2022 are expected to increase.

Ganfeng Lithium Industry said that as of the disclosure of this report, the front of the 10,000-ton high-pure lithium salt project (Mahong 4) has been completed and tried and produced. The 10,000 -ton carbonate project is under construction. The project has started single module debugging in August. After the installation and commissioning work is completed, it is expected to gradually release production capacity from the end of 2022 to the first half of 2023. During the reporting period, the Mariana Lithium Salt Lake project Yantian project Yantian Construction and construction have been officially launched, and the procurement and ordering of key equipment has been completed; the company's wholly -owned subsidiary Hebei Ganfeng 6,000 tons/year lithium carbonate production line is being upgraded; High -quality metal lithium product production line provides guarantee for future global solid -state battery technology.

It is planned to invest in two major lithium battery projects

On the evening of August 30, Ganfeng Lithium also disclosed two investment announcements.

The board of directors of Ganfeng Lithium Industry reviewed and approved the "Proposal on the Investment of Ganfeng Lithium Electric Power Investment and Construction of 6GWH New Lithium Battery Production Project", and agreed to Jiangxi Ganfeng Lithium Electric Technology Co., Ltd. (hereinafter referred to as "Ganfeng Lithium Power") with its own funds. More than 3.5 billion yuan invested in the construction of a new 6GWH new lithium battery production project.

Ganfeng Lithium Industry said that the investment will help improve the production scale, market share and research and development capabilities of the company's lithium battery products, promote the optimization and upgrading of the company's lithium industry chain structure, enhance the company's core competitiveness, and meet the company's upstream and downstream integrated development Strategy will have a positive impact on the company's future financial situation and business results.

At the same time, the board of directors of Ganfeng Lithium Industry reviewed and approved the "Proposal on the Investment of Ganfeng Lithium Ganfeng Xin Lithium Source Investment Construction of 2 billion small polymer lithium battery projects", agreed to the Ganfeng Lithium Electronics Company Xinyu Ganfeng Xin Lithium Yuan Battery Co., Ltd. (hereinafter referred to as Ganfeng Xin Lithium Source) is invested in the construction of 2 billion small polymer lithium battery projects with its own funds of no more than 2 billion yuan. The announcement shows that the project will be constructed in installments, and the first phase of the planning construction is 250 million TWS lithium -ion battery projects.

Ganfeng Lithium said that the company has a vertical integration business model to build an industrial ecosystem that opens up, middle and downstream.The company's business runs through the upstream lithium resource development, midstream lithium salt deep processing and metal lithium smelting, downstream lithium battery manufacturing and retired lithium battery comprehensive recycling and use. Effectively exerting synergy effects between various business segments to improve operating efficiency and profitability, consolidate the market position, and consolidate the market position.Collect the latest market information and develop top technologies.Daily Economic News

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