Tianqi lithium industry profit growth of 62.7 % will be listed in Hong Kong to follow the international route

On April 25, Tianqi Lithium released the 2018 quarterly report. From January to March, Qi Qi's lithium industry achieved operating income of 1.669 billion yuan, compared with 1.063 billion yuan in the same period last year, an increase of 5.692 million yuan year-on-year; The net profit of shareholders belonging to listed companies reached 660 million yuan, compared with 405 million in the same period last year, an increase of 62.7 percent year-on-year. In addition, Tianqi Lithium also expects that the net profit attributable to shareholders of listed companies in the half-year will be 1.3 billion yuan to 1.45 billion yuan, an increase of 40.69 <UNK> to 56.93 <UNK>.

On April 27, Tianqi Lithium released the 2017 investor relations activity record table. Recently, Guangzhou Dunpu Investment Management Co., Ltd., Beijing Guangyi Guojing Investment Management Co., Ltd., Shanghai Fushan Investment, Haitong Securities, Anxin Securities and other parties participated in the Tianqi lithium industry shareholders 'meeting, and with Jiangweiping, the chairman of Wuwei, President Zoujun, Financial Director, Li Bo, Secretary of the board of directors conducted exchanges.

The organization is very concerned about the issue of Hong Kong stocks in Tianqi lithium industry. Tianqi lithium industry said that the issuance of H SHARES Tianqi lithium industry board of directors after careful consideration, in the international process of Tianqi lithium industry, chose to list in Hong Kong instead of other regions, a more reasonable decision. An international financing platform would offer more possibilities for a company's future development.

In terms of future production capacity planning, Tianqi Lithium said that Tianqi Lithium's development plan is based on the future production capacity plan based on Tianqi Lithium's domestic and foreign bases, reaching 40,000 tons of lithium chemical product production scale in 2018 and reaching 100,000 tons in 2020. More than capacity scale.

According to the forecast of Guangda Securities, the global demand for Lithium(equivalent to lithium carbonate) in the next three years is 280,000 tons, 327,000 tons, and 399,000 tons, while the supply is 281,000 tons, 342,000 tons, and 465,000 tons. In other words, supply and demand are about to enter the inflection point, when the supply exceeds demand, the average price of lithium salt products will naturally decline by a certain extent.

According to Tianfeng Securities 'production capacity forecast for global lithium resources(equivalent to lithium carbonate), the data for the next three years are 400,000 tons, 650,000 tons and 1 million tons, respectively. Simply use 70 % as the conversion coefficient, the predicted supply is 280,000 tons, 455,000 tons, and 700,000 tons, respectively. On the demand side, they gave global demand of 302,000 tons and 416,000 tons in 2018 and 2019. The predictions from other brokers are similar, so the same conclusion can be drawn that lithium products will be oversupplied. The prevailing view is that the average price of lithium chemicals will fall significantly in the future and that next year is likely to be a clear turning point.

In future R&D projects, Tianqi Lithium stated that the next R&D direction includes the development of advanced lithium extraction technology and the development of new products, key new materials for lithium batteries, recycling of used batteries, and the creation of zero-pollution recovery pathways, forming resource closed-loop and comprehensive utilization. It is also conducive to environmental protection and sustainable development.

For the future profitability of Tianqi lithium industry, Tianqi lithium industry has always emphasized that "technology is always the core competitiveness." In terms of innovation and expansion, Tianqi lithium industry expects that the task of the small trial of battery recovery in 2018 will be successfully completed. The progress of the project will enter the pilot stage.

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