echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > China Chemical > Salt Lake's net profit in the first half of the year is expected to increase by more than 3 times

    Salt Lake's net profit in the first half of the year is expected to increase by more than 3 times

    • Last Update: 2022-10-29
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

      Sinochem New Network News On July 13, Salt Lake, known as the "King of Potash Fertilizers", disclosed its performance forecast for the first half of 2022
    .
    The company expects a net profit of 9 billion to 9.
    4 billion yuan in the first half of 2022, a year-on-year increase of 325.
    63% to 344.
    55%

    .
    This level of net profit sets a new record and exceeds the net profit for the whole year of 2021

    .

      The company stated that the main reason for the substantial increase in performance was the continuous increase in the market prices of potassium chloride and lithium carbonate products during the reporting period, which played a key role in the substantial increase in the performance of Salt Lake in the first half of the year
    .
    Salt Lake Co.
    , Ltd.
    stated that the main business of potassium chloride production and sales is stable.
    In the first half of the year, the output of potassium chloride was about 2.
    64 million tons, and the sales volume was about 2.
    96 million tons

    .
    In terms of lithium carbonate business, the output in the first half of the year was about 15,200 tons, and the sales volume was about 15,000 tons

    .

      It is reported that in 2022, the company's potash fertilizer plant will be fully productive.
    In order to maintain the increase of potash fertilizer, it will ensure the production capacity of potash fertilizer through optimization and technical improvement in aspects such as brine mining, salt field, and solid-liquid conversion

    .
    In the future, the development of the company's potassium sector will focus on increasing the added value of potassium products and "going out of potassium" to seek potassium resource development

    .
    In addition, in the context of the rapid development of the new energy vehicle industry, the supply of lithium carbonate continues to be tight, and the price has risen sharply

    .
    Salt Lake Co.
    , Ltd.
    stated on the interactive platform on July 12 that the lithium battery new energy material business is the main body of the future core business, and the development of salt lake lithium resources is the key area

    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.