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What is the prospect of Salt Lake shares?
On the evening of June 14, Ganfeng Lithium announced that it expected to achieve a net profit of 7.2 billion to 9 billion yuan in the first half of the year and 3.675 billion to 5.475 billion yuan in the second quarter.

According to the data of Oriental Wealth, as of the close of June 14, the total market value of Ganfeng Lithium Industry was 202.4 billion yuan, and that of Tianqi Lithium Industry was 206/kloc-0.0 billion yuan. On July 22nd, 20021year, the total market value of Ganfeng Lithium Industry was still more than 1000 billion yuan ahead of Tianqi Lithium Industry.

As of July 14, Tianqi Lithium Industry, Ganfeng Lithium Industry, Yongxing Materials, Jiangte Electric, China National Mining Resources, etc. 13 listed lithium companies disclosed their performance forecasts for the first half of the year, all of which increased significantly.

Earn 9 billion at most in half a year.

According to the announcement of Ganfeng Lithium Industry, it is expected to achieve a net profit of 7.2 billion to 9 billion yuan in the first half of the year, up 408.24% to 535.30% year-on-year.

Performance forecast of Ganfeng lithium industry in the first half of the year

Source: company announcement

On the basis of a net profit of 3.525 billion yuan in the first quarter, Ganfeng Lithium's net profit in the second quarter further accelerated. It is estimated that the net profit in the second quarter will be 3.675 billion yuan to 5.475 billion yuan, up 4.25%-55.32% from the previous quarter and 290.72%-482.09% from the same period last year. 202 1, the company's net profit is 5.228 billion yuan, which means that the upper limit of the estimated net profit in the second quarter has "outperformed" last year.

The second quarter performance forecast of Ganfeng Lithium Industry

Source: company announcement

For the substantial growth of performance, the company said that in the first half of the year, with the rapid development of new energy industry, the market demand for lithium salt products continued to grow, the price of lithium salt products remained high, and the sales volume and average sales price of the company's products increased year-on-year, so the company's operating performance increased significantly year-on-year.

According to the unanimous forecast of data, the net profit of Ganfeng Lithium Industry in 2022 is expected to be 654.38+0.2 billion yuan, calculated from the upper limit of 9 billion yuan in the first half of the year, and it is expected to achieve 75% of the annual performance target in the first half of the year.

In addition, under the background that the price of lithium salt is expected to continue to rise, Ganfeng Lithium Industry has continuously strengthened its upstream lithium resource reserve.

11On the evening of July 30th, Ganfeng Lithium Industry announced that Ganfeng International, a wholly-owned subsidiary, or its wholly-owned subsidiary, planned to acquire 0/00% of the shares of Lishi Company/kloc-0.06 million tons of lithium carbonate reserves. According to the company, the first phase of the project is planned to produce 30,000 tons of lithium carbonate per year, which can be expanded to 50,000 tons of lithium carbonate per year depending on natural resources.

Ganfeng Lithium Industry said that this transaction will help the company to further strengthen the layout of upstream lithium resources, improve the company's self-sufficiency in resources and enhance its core competitiveness.

According to the previous planning of Ganfeng Lithium Industry, the company will form the supply capacity of lithium products with an annual output of not less than 200,000 tons of LCE in 2025. The official account of WeChat, official WeChat of Ganfeng Lithium Industry, said on May 26th that at present, Ganfeng has the effective production capacity of 28,000 tons of lithium carbonate, 70,000 tons of lithium hydroxide and 2 150 tons of metallic lithium, and is constantly seeking to build new production bases around the world to further enhance the production capacity.

In 2022, the projects under construction in Ganfeng Lithium Industry include overseas projects such as Cauchari-Olaroz in Argentina, Mariana and Sonora in Mexico, and domestic projects such as Mahong Phase IV in Xinyu, Jiangxi, Ganfeng in Sichuan, Ganfeng in Huizhou and Ganfeng in Ganzhou, covering the development of lithium resources in the upstream, the production of lithium products in the midstream, and the manufacture and recycling of lithium batteries.

The industry continues to maintain a high degree of prosperity.

13 lithium mine company increased significantly in advance.

Statistics show that as of July 14, Tianqi Lithium Industry, Ganfeng Lithium Industry, Yongxing Materials, Jiangte Electric, China Mining Resources, etc. 13 lithium mine listed companies disclosed their performance forecasts for the first half of the year, all of which increased substantially, reflecting the high prosperity of the lithium industry.

The performance forecast shows that the performance of 13 lithium mine listed companies in the first half of the year is very bright. Among them, Tianqi Lithium Industry is expected to achieve a net profit of 9.6 billion yuan-11.60 billion yuan in the first half of the year, up11089.14%-13420.21year-on-year. Salt Lake Co., Ltd. expects to achieve a net profit of 9 billion to 9.4 billion yuan in the first half of the year, up 325.63% to 344.55% year-on-year.

It is worth noting that most lithium mine listed companies achieved rapid growth in the first quarter and further accelerated their performance in the second quarter. The second-quarter net profit of listed lithium companies such as Tianqi Lithium Industry, Tianhua Chaojing, Shengxin Lithium Energy, Yahua Group and Zangge Mining has exceeded last year.

In addition, taking Rongjie as an example, it is estimated that the net profit in the second quarter will reach 276 million-376 million yuan, an increase of 9%-48% from the previous month, and the average monthly net profit is 92 million-654.38+25 million yuan. 202 1, Rongjie's net profit is only 68 million yuan, which means that the average monthly net profit in the second quarter has "outperformed" last year.

The rapid rise in the price of lithium salt has become the biggest driving factor for the substantial increase in the performance of listed companies in lithium mines in the first half of the year. According to the data of Shanghai Steel Union, in April this year, the price of battery-grade lithium carbonate once hit 503,000 yuan/ton, a record high, and then dropped to about 450,000 yuan/ton. The latest quotation in July 14 is 472,500 yuan/ton, up nearly 70% from the beginning of this year.

It is worth noting that the performance prospects of lithium mining companies are further optimistic. The changjiang securities Research Report believes that the downstream demand of the new energy automobile industry is strong, which may support the price increase of lithium salt, and the profits may be further concentrated on the resource side.

Citic Securities Research Report pointed out that recently, the auction price of Pilbara lithium concentrate, a world-renowned Australian lithium miner, dropped for the first time, mainly due to the stagflation of domestic lithium price and the increase in supply caused by Pilbara's own expansion. Supported by the pressure of rising production costs of lithium salt enterprises in the second half of the year, the probability of lithium price falling back in the short term is low.

Everbright Securities said that the lithium industry is still in a tight supply state in 2022-2023, and it is not ruled out that the price of lithium will return to more than 500,000 yuan/ton in the second half of 2022.

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