On the evening of October 14, Rongjie Co., Ltd. released its performance forecast for the first three quarters of 2022, and is expected to achieve a net profit attributable to shareholders of RMB 1.2 billion to RMB 1.3 billion in the first three quarters of 2022, an increase of 4

On the evening of October 14, Rongjie Co., Ltd. (hereinafter referred to as "Rongjie Co., Ltd.") released its performance forecast for the first three quarters of 2022, and is expected to achieve a net profit attributable to shareholders of RMB 1.2 billion to RMB 1.3 billion in the first three quarters of 2022, an increase of 4330.99% to RMB 4700.24% year-on-year.

Rongjie Co., Ltd. stated that due to the impact of macro policy and the increase in market demand, the prosperity of the new energy industry continued to improve, the prices of upstream material products in the lithium battery industry continued to rise sharply, and the demand for lithium battery materials and lithium battery equipment continued to increase. The company's operating income and profits of lithium concentrate , lithium salt , and lithium battery equipment have all increased significantly.

data shows that Rongjie Co., Ltd. was established in 1998 and currently has its industry layout in lithium resource development, lithium battery materials and lithium battery equipment industries. Its main business covers lithium ore mining, lithium cobalt nickel resource smelting, lithium battery positive electrode material synthesis, lithium battery production equipment manufacturing, and lithium battery cascade utilization and regeneration. As of the close of October 14, Rongjie Co., Ltd. had a total market value of 29 billion yuan.

At the same time, Rongjie Co., Ltd. is still increasing its investment. On May 18, 2022, the lithium battery material project of Rongjie Co., Ltd. was signed in Hefei City. The total investment of the project is 10 billion yuan. It mainly uses the power battery regeneration technology of new energy vehicles to develop, produce and sell lithium-ion battery positive electrode material precursor, positive electrode material and carbon negative electrode material, with an annual output of 100,000 tons of positive electrode material, 130,000 tons of positive electrode material precursor and 40,000 tons of carbon negative electrode material. After the overall production is reached, the annual output value can be achieved by nearly 20 billion yuan.

In recent years, with the booming development of the new energy vehicle industry, the prices of various lithium materials as raw materials for lithium batteries have also risen rapidly. According to Shanghai Ganglian on October 12, battery-grade lithium carbonate rose by 4,000 yuan/ton on that day, with an average price of 527,500 yuan/ton; industrial-grade lithium carbonate rose by 3,000 yuan/ton, with an average price of 510,500 yuan/ton.

htmlOn August 3, Pilbara Minerals, the leading Australian lithium mine company, held the eighth lithium concentrate (grade 5.5%) auction in 2022, and a total of 500 tons of lithium concentrate were sold. The final transaction price was US$6,350/ton. After conversion, the price of battery-grade lithium carbonate was 450,000 yuan/ton. In the auction at the end of July 2021, the price of lithium concentrate was only US$1,250/ton, and the price of battery-grade lithium carbonate was about 88,600 yuan/ton, and the price rose by more than 4 times in one year. (Text | "Financial World" Weekly Zheng Haojun)