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    Home > Chemicals Industry > China Chemical > Shengxin Lithium's net profit in the first half of the year increased by 950%

    Shengxin Lithium's net profit in the first half of the year increased by 950%

    • Last Update: 2022-10-21
    • Source: Internet
    • Author: User
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      On July 26, Shengxin Lithium Energy released a semi-annual performance report showing that the company achieved operating income of 5.
    133 billion yuan, a year-on-year increase of 325.
    76%; net profit attributable to the parent was 3.
    019 billion yuan, a year-on-year increase of 950.
    4%

    .


      In the first half of the year, the overall production and sales of Shengxin Lithium Energy was good, the orders were sufficient, and the operating performance was greatly improved
    .
    During the reporting period, the company's lithium salt product output was 20,400 tons, a year-on-year increase of 10.
    48%; the sales volume was 18,500 tons, a year-on-year increase of 4.
    88%

    .
    In terms of price, the market price of lithium salt rose rapidly.
    In the second quarter, due to the impact of the epidemic on the supply chain, the price of lithium salt fell to a certain extent.
    However, with the recovery of the epidemic and the supply chain, the price of lithium salt products also quickly returned to the previous high

    .

      In addition, for the main raw material lithium concentrate, the company guarantees supply through multiple channels to reduce the impact of cyclical fluctuations in upstream resource prices
    .
    The company has signed long-term offtake agreements with Lithium Resource Enterprises such as Yinhe Lithium, Jinxin Mining, ABY Company, and AVZ Mining, and has also participated in Huirong Mining, Yajiang County, Sichuan, and has the right to operate the SDLA Salt Lake Project in Argentina.
    Early exploration projects in several salt lakes in Argentina

    .

      During the reporting period, the company sold 45% of the equity of Hubei Weilibang and Hebei Weilibang, the joint stock companies in the wood-based panel business, and continued to divest non-lithium battery business related assets
    .
    At present, the company still has a small amount of forestry business, which will be divested in due course according to the development strategy, focusing on the development of new energy materials for lithium batteries

    .

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