annual report shows that the company achieved operating income of 5.241 billion yuan in 2021, a year-on-year increase of 61.26%; net profit attributable to shareholders of listed companies was 937 million yuan, a year-on-year increase of 189.22%; basic earnings per share 0.82 yuan. The company plans to pay a cash dividend of RMB 0.3 (including tax) to all shareholders for every 10 shares.
first quarter report shows that the company achieved operating income of 2.66 billion yuan in the first quarter, a year-on-year increase of 210.22%; net profit attributable to shareholders of listed companies was 1.022 billion yuan, a year-on-year increase of 1210.02%; basic earnings per share was 0.89 yuan.
It is worth noting that the company's second quarter performance is more worth looking forward to. The company previously stated on the Shenzhen Stock Exchange Interactive Platform that the price of lithium salt products in the second quarter has increased compared with the first quarter, and the company's product sales are currently good.
Yahua Group's latest report was 27.29 yuan per share, with a market value of 31.45 billion yuan.
Source: CSI Taurus APP
Lithium Business Profits have increased significantly
Yahua Group focuses on the research and development, production and sales of lithium hydroxide , and is equipped with lithium carbonate production capacity, and its production process level and equipment technology level are at the forefront of the industry. The company has established long-term cooperative relationships with leading domestic positive electrode materials companies and well-known positive electrode materials companies in Japan and South Korea, and has allocated them to world-renowned battery manufacturers and new energy vehicle companies through the industrial chain.
Regarding the reasons for the significant growth in performance, the company stated that it was mainly due to the company's civil explosives business continuing to make steady progress and its performance growing steadily; demand in the lithium industry continues to rise, the prices of lithium salt products continue to rise, the company seized the opportunity to release production capacity and increase sales, the sales of lithium salt products gradually increased, and the profits of lithium business increased significantly.
annual report shows that in 2021, the company achieved a lithium product output of 27,300 tons, a year-on-year increase of 149.69%; the sales of lithium product were 29,100 tons, a year-on-year increase of 66.82%; and achieved a lithium business operating income of 2.466 billion yuan, a year-on-year increase of 265.94%.
The high prosperity of the lithium industry continued to the second quarter. Yahua Group previously stated on the Shenzhen Stock Exchange Interactive Platform that the price of lithium salt products in the second quarter has increased compared with the first quarter, and the company's product sales are currently good. The company is actively promoting the construction of the second phase of Ya'an and the third phase of 30,000 tons of battery-grade lithium hydroxide production line. By 2025, the company's comprehensive production capacity of lithium salt products will exceed 100,000 tons.
On December 29, 2020, Ya'an Lithium, a wholly-owned subsidiary of the company, signed a battery-grade lithium hydroxide supply contract with Tesla , stipulating that from 2021 to 2025, Tesla will purchase battery-grade lithium hydroxide products worth a total of US$630 million to US$880 million from Ya'an Lithium.
is the main supplier of Tesla's 4680 battery. Yahua Group expects that the company's annual output will grow at a 10-fold rate this year and next year.
accelerates upstream resource layout
Although the current lithium resource supply channel can meet the company's lithium salt production needs in 2022, since 2022 Yahua Group is still actively deploying upstream lithium resources.
Yahua Group said that 2022 will be a period of tight supply and demand in the lithium industry in recent years. As the demand for lithium salt products continues to increase, upstream lithium ore resources will be difficult to alleviate in the short term. The supply and demand tension in the lithium industry will inevitably continue for a certain period of time. Before it is effectively alleviated, the price of lithium salt products will also be further raised. To this end, the company will continue to do a good job in expanding lithium salt production capacity and ensuring lithium resources, and continue to maintain its position as an important supplier to the global lithium hydroxide market.
Yahua Group announced on the evening of February 27 that the company's wholly-owned subsidiary Yahua International plans to subscribe to 3.7 million shares of Australian ABY Company at a price of AUD 0.75 per share, accounting for 3.4% of ABY's total share capital before the IPO. The two parties jointly signed the "Investment and Share Subscription Agreement" and the "Operation and Sales Agreement". According to the agreement, ABY Company developed the Kenticha project in the southern Oromia State of Ethiopia, and sold and delivered the lithium concentrate products to Yahua International. The validity period of the agreement is from the date when ABY Company notifies the product to be ready for shipment to December 31, 2025. ABY Company provides no less than 120,000 tons of lithium concentrate every 12 monthly contract year.
htmlOn the evening of April 17, the company announced that the company's wholly-owned subsidiary Yahua International and Canadian Chaoli Company signed a "Share Subscription Agreement", intending to invest 5 million Canadian dollars to subscribe 21.2766 million units of shares of Chaoli Company at a price of CAD 0.235 Canadian dollars per share (the final subscription quantity and unit price shall be subject to the approval of the Dutch Exchange), accounting for 13.23% of the total share capital of Chaoli Company as of the date of announcement. At the same time, Yahua International acquired 60% of the shares of the wholly-owned subsidiary of Chaolithium with cash investment, and controlled its Lake Fugen Hard Rock Spodumene-type lithium mine project and Lake Georgia Hard Rock Spodumene-type lithium mine project. On the same day, the two parties signed the "Selling and Joint Venture Agreement".Guosheng Securities believes that the company has officially connected with Tesla's long-term contract to prove Ya'an Lithium's technical strength and product quality. The price of lithium salt has risen sharply. With the company's fundraising and investment projects in production, cooperation with Xiamen Tungsten New Energy further extends the downstream industrial chain layout, and the company has sufficient growth momentum.
Edit: Ye Song
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