Tianqi Lithium Adjustment Production Capacity Plan is expected to complete battery recovery in 2018

On April 27, Tianqi Lithium released the 2017 investor relations activity record table. On April 24th, Guangzhou Dunpu Investment Management Co., Ltd., Beijing Guangyi Guojing Investment Management Co., Ltd., Shanghai Fushan Investment, Haitong Securities and Anxin Securities participated in the company's shareholders 'meeting, and with the company's chairman Jiangweiping, President Wuwei, Zoujun, Financial Director, and Li Bo, Secretary of the Board of Directors, exchanged views.

The organization is very concerned about the issue of Hong Kong stocks in Tianqi lithium industry. The company said that the board of directors of the H-share issue company had carefully considered that it would be a more reasonable decision to choose to list in Hong Kong rather than elsewhere in the company's internationalization process. An international financing platform would offer more possibilities for a company's future development.

For future production capacity planning, the company stated that the company's development plan is based on the future production capacity plan based on the company's domestic and foreign bases, reaching 40,000 tons of lithium chemical product production scale in 2018 and 100,000 tons or more production capacity scale in 2020.

In future R&D projects, the company stated that the next R&D direction includes advanced lithium extraction and new product preparation technology, next-generation battery key materials, battery recovery and the creation of a zero-pollution recovery route, forming a closed-loop and comprehensive utilization of resources, but also conducive to environmental protection and sustainable development.

For the future profitability of the company, the organization made a key question. The company stated that the company has always emphasized that "technology is always the core competitiveness" and that the current stage will accelerate the progress of scientific research projects represented by battery recovery and resource recovery, and metal lithium negative electrode materials; In terms of innovation and expansion, the company expects to complete the battery recovery test in 2018 and enter the trial stage.

On April 25, Tianqi Lithium released the 2018 quarterly report. From January to March, the company's operating income was 1.669 billion yuan, a year-on-year increase of 56.92 billion yuan; The net profit of shareholders belonging to listed companies reached 660 million yuan, a year-on-year increase of 62.7 yuan. The company expects that the net profit of shareholders belonging to listed companies from January to June 2018 will be 1.3 billion yuan to 1.45 billion yuan, an increase of 40.69 % to 56.93.

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