Long-term lithium: demand exceeds supply and net profit increases by 5 times. New capacity is expected to be put into production around the end of the year

2022-05-18 0 By

Finance Union (Changsha, reporter Huang Lu) news, by the downstream demand of high economic pull, long-term lithium division (688779.SH) production and sales of two prosperous, 2021 net profit increased by more than 5 times.The securities department of the company said to financial Union reporters, downstream demand is relatively strong company products in short supply, the current phase of the 40,000 tons of three yuan cathode material and 60,000 tons of lithium iron phosphate project under construction, is expected to be in production at the end of this year and early next year.In the evening of February 16, the company released the results of the bulletin, 2021 to achieve revenue of 6.84 billion yuan, a year-on-year growth of 240.25%;Net profit reached RMB 70,0639,600 yuan, up 538.17% year on year.Net profit exceeded the upper end of the range of 519.37% to 537.58%.The above – mentioned company personage expresses, the performance report can do a bit more fine than the notice, also exceeded more than 600 thousand yuan, still in a reasonable range.For the net profit growth rate is higher than the revenue growth rate, she said that last year, the strong demand for new energy vehicles led to a surge in power battery installation, the company’s production line is running at full capacity, with the significant increase in capacity utilization, large-scale production to achieve cost reduction and efficiency.The company raised its prices last year, reports show.Company, the person said the upstream raw material prices, for the company means that the cost of the rising, now the price of lithium carbonate exceed 400000 yuan per ton, share or higher raw material costs in the company, to ensure the company’s profits in a reasonable scope, will have to adjust the price of the product, to increase the price a little.In addition, because the downstream demand is relatively strong, in the case of short supply of products, it is acceptable to adjust the product price downstream.Reporters noted that the company on the eve of the Spring Festival in recruitment, planning to recruit production line operators 200, as well as r & D engineers, production supervisors, equipment supervisors.According to the above people, the company’s products have entered the supplier system of ningde Times, BYD, Yiwei Lithium energy, Xinwangda and other mainstream lithium battery manufacturers, and in a number of products to introduce new customer certification.In order to ensure the delivery of orders on time, the production line of the company did not stop during the Spring Festival, and has been in continuous production.She also said that the company is currently under construction 40,000 tons of phase II project is expected to put into production by the end of this year, another 60,000 tons of lithium iron phosphate project has been under plant construction, is expected to put into production in early 2023.In 2021, the company’s first phase of 40,000 tons has been put into production, but it has not reached the condition of full production. It is expected to bring incremental performance to the company this year.But the new capacity depends on the annual capacity utilization rate and this year’s market conditions and product prices, which are still uncertain.It is reported that the company currently has a capacity of 30,000 tons of precursor, precursor self-supply ratio is high.But with the release of some ternary cathode material capacity this year, the self-supply ratio of the precursor will decrease, and the self-supply rate of the precursor will be further improved in the future.In addition, the company has established cooperation with several lithium suppliers to ensure the company’s current and new capacity to produce lithium.