Salt Lake shares (000792) May 26 evening announcement, in order to accelerate the construction of world-class salt lake industrial base, the implementation of the company's "14th Five-Year Plan" ecological salt lake industry development plan "expanding the lithium" strategic deployment, extending the lithium industry chain, the company intends to Invest in a new 40,000 tons / year basic lithium salt integration project, total project investment of about 7.082 billion yuan.

According to the latest financial report, the salt lake shares in the first quarter revenue of 7.617 billion yuan, equivalent to this project spent a quarter of income.

New annual output of 20,000 tons of battery-grade lithium carbonate + annual output of 20,000 tons of lithium chloride

The project is proposed as a new annual output of 20,000 tons of battery-grade lithium carbonate + annual output of 20,000 tons of lithium chloride, the construction site is located in the Salt Lake Stock Charkhan Potassium and Lithium Industrial Park, the construction period of the project is 24 months, the source of project funding for the company's own funds and bank loans.

This is the third lithium salt project of Salt Lake, and the first lithium salt project independently invested by Salt Lake.

Analysts pointed out that the Salt Lake shares independent investment, a major reason or "catch up", while the company also has relatively abundant financial support.

From the scale of the expansion, the scale of the expansion of the Salt Lake shares, including 20,000 tons of battery-grade lithium carbonate and 20,000 tons of lithium chloride, with the Salt Lake shares of the current 30,000 tons of lithium carbonate production capacity, as well as the annual production of 22,700 tons of lithium carbonate in 2021, 19,200 tons of lithium carbonate sales, compared to almost doubled.

Public information shows that the salt lake shares of the blue lithium production capacity of 30,000 tons of lithium carbonate. The reporter interviewed that the current blue lithium production and sales work are on schedule, blue lithium's main product is industrial-grade lithium carbonate, the latest ex-factory price of about 450,000 yuan per ton.

Salt Lake shares main business for the development, production and sales of potash and lithium salt. The company's lithium salt plate products are mainly lithium carbonate, to the production of potash fertilizer after the old halogen as raw material preparation, currently in the brand, marketing network, products and supply chain has its own advantages. The company has 30,000 tons of lithium carbonate capacity device, 2021 to achieve lithium carbonate production of about 22,700 tons, sales of about 19,200 tons.

It is reported that, under the support of national policies, through the country for many years on new energy vehicles throughout the industrial chain of cultivation, each link gradually mature, rich and diversified new energy vehicle products continue to meet the market demand, the use of the environment is also gradually optimized and improved, under these measures, the new energy vehicles are more and more recognized by consumers.

New energy vehicle production continues to hit record highs, driven by jumping demand for power batteries, lithium salt gradually from supply and demand balance into a state of supply constraints, only in 2021, China's lithium carbonate imports increased by 61.69% year-on-year, year-on-year growth in exports by 4.71%, the future of domestic and international demand for lithium salt will continue to grow. Salt Lake shares this development of high value-added, high-purity lithium salt products, but also to meet the inherent requirements of market demand growth.

The company's Charkhan Salt Lake has 12.04 million tons of lithium chloride reserves

According to the 2021 annual report of the Salt Lake Company disclosed previously, the company's Charkhan Salt Lake has 12.04 million tons of lithium chloride reserves, ranking first in the country. At present, the company has an annual output of 30,000 tons of lithium carbonate production capacity, the largest brine lithium production capacity in the country, and another 30,000 tons of battery-grade lithium carbonate salt lake BYD project is undergoing pilot testing. Salt Lake lithium cost advantage is obvious, the company uses the brine adsorption method + membrane lithium process technology for the company's own technology, the production of lithium carbonate production costs compared to peers have a relative advantage.

In the 2021 annual report, Salt Lake shares in the future development of the company's outlook, said: improve the high magnesium-lithium ratio of brine lithium technology, improve the level of lithium carbonate production process, expand the scale of production of lithium carbonate, and improve the comprehensive utilization of lithium resources.

Development of lithium new energy materials upstream and downstream series of high value-added products, research and production of battery-grade lithium hydroxide, lithium chloride, lithium-magnesium alloy and lithium battery anode materials such as lithium cobalt, lithium manganese phosphate, lithium phosphate, etc., and development of lithium-magnesium and lithium-aluminum alloy industry. Development of lithium energy storage materials, to create a globally competitive power battery industry chain. Go out and bring in, a variety of ways to cooperate with the lithium industry advantage of strong enterprises, to the series, high quality development, enhance the competitiveness of the lithium industry chain.

Salt Lake shares in the evening of May 26, the latest disclosure of the announcement that the Charkhan Salt Lake has rich lithium chloride resources, large resource reserves, the company's development of lithium new energy materials with a unique resource advantages, technological advantages and platform advantages. The company will fully utilize its own conditions, bigger and better new energy materials plate, accelerate the expansion of lithium industry, promote the development of the industry chain, so lithium new energy materials is the company needs to increase resources to obtain higher business growth plate, market attractiveness is high, the future will be expected to grow into the company's main source of income and profit.

Announcement that the investment in new projects in line with national industrial policy and lithium new energy market development trends, in line with the development of Qinghai Province to build a world-class salt lake industrial base of the development of positioning and the company's medium- and long-term development strategy, the project will be completed for the company to create a good economic benefits, and can further enhance the competitiveness of enterprise products, consolidate the industry position.

As of the close of business on May 26, Salt Lake shares closed at 31.76 yuan, up 4.99%, with a market value of 172.5 billion yuan.