The lithium-lithium industry announced in the recently announced the 18th quarter: 2018, the operating income is 3594 billion yuan, up 26.44% year-on-year; realize the net profit of return to 110.7 billion yuan, up 10.
26% year-on-year. In the third quarter of 18, the business is 1262 million yuan, up 3.69% year-on-year; the net profit of return is 269 million yuan, a year-on-year decline in 31.
98%. Since the lithium price continues to fall, the company’s performance is lower than that we have expected that the company has the production of leaders in China, with improved industrial systems, and lithium salt production is expected to continue to improve..
Lithium prices have affected profits, lithium salt steadily expansion is expected to increase the data of Asian metal, and the domestic battery-level carbonate price decline is 34.55%, and the average price is 97,300 yuan / ton. The ring is 29.
85% in the third quarter, the company’s sales gross profit margin is 28.27%, down 13.99 percentage points from the previous month.
We believe that the decline in lithium prices has caused the company’s profitability.. According to the report, the company plans to increase production through multiple projects.
. In 18 years, the company has been completed by 20,000 tons of monohydride hydroxide project, which has been put into production. The annual production of 1.
75 million tons of battery-grade carbonate project is in construction.. We believe that the company’s 19 years old lithium salt production is expected to reach 80,000 tons, 18-20 years, sales volume enters the rise, expecting to make up for the impact of price decline.
Signing cooperation agreements with overseas quality customers, product sales guarantees according to the three quarter reports, September 18, China and Qi Feng International and LG chemistry signing “Supplement Contract Contract”, agreed from 2019 to 2025 new LG Chemical A total of 45,000 tons of lithium products. In September 18, the company and TSLA signed a “Strategic Cooperation Agreement”, 18-20 years TSLA specified its battery supplier to purchase battery-level lithium hydroxide products to the company; the company also signed the “Strategic Cooperation Agreement” with Germany BMW, agreed Lithium chemical products are supplied to their batteries or positive material suppliers to their designated battery or positive material suppliers in the next five years..
We believe that the company and a number of internationally renowned downstream customers signed a cooperation agreement, and the medium and long-term product sales have strong guarantee.. H shares have successfully listed transactions, and the overseas fundraising is successfully completed according to the third quarter, the company published and sent H shares in Hong Kong on September 27, 2018, disclosed in October 10, 2018, disclosed foreign listing foreign shares (H Shares) distribution results.
Approved by the Hong Kong Stock Exchange, the company’s 200 million foreign listing foreign shares (H shares) (before exercising over-stocks) were listed and listed on the main board of the Hong Kong Stock Exchange in October 11, 2018; 2018.10.29, Hong Kong stock market value reached 2.
53 billion yuan. We believe that the company’s H shares have successfully issued, realizing overseas fundraising, and promoting certain funding for project promotion.