Recently, the concept of lithium extraction from salt lakes has made a comeback, China Aluminum International Engineering Corporation Limited(601068) (601068. SH) “stained with lithium” has two connecting sectors.
On February 14, China Aluminum International Engineering Corporation Limited(601068) closed the daily limit shortly after the opening. As of the closing, there were still more than 100000 hands to pay for the purchase.
In the announcement of share price changes released on the same day, the company said that there were reports on the concept of lithium hot spot in Salt Lake in the market recently. The salt lake lithium extraction technology mastered by the company only provides engineering design and consulting services for lithium production enterprises, does not involve the investment business related to salt lake lithium extraction, does not directly produce lithium materials, and only provides technical design, consulting and engineering construction services for lithium production enterprises.
China Aluminum International Engineering Corporation Limited(601068) said that the business revenue accounts for a relatively small proportion and will not have a significant impact on the company’s performance. By the end of 2021, the orders on hand of lithium related businesses of the company accounted for about 1.14% of the total orders on hand, and the contract assets formed accounted for about 0.05%; In 2021, lithium related operating revenue accounted for about 0.25%.
It is worth noting that the market has long suspected that China Aluminum International Engineering Corporation Limited(601068) business is “stained with lithium”, and its share price has also risen for many times. The company has refuted rumors for many times, but it is still unable to avoid hot money speculation.
In December 2021, China Aluminum International Engineering Corporation Limited(601068) issued a total of four stock trading announcements, all of which mentioned related matters such as the relatively small proportion of related businesses in the company.
The main business of China Aluminum International Engineering Corporation Limited(601068) is engineering design and consulting, engineering and construction contracting, equipment manufacturing and trade, and the main business revenue accounts for 100%. However, it is worth noting that the company fell into the quagmire of loss in 2021.
In terms of business volume, the China Aluminum International Engineering Corporation Limited(601068) contract amount in 2021 is almost the same as that in 2020, but the loss range has narrowed. The performance forecast shows that the company expects to achieve a net profit attributable to shareholders of listed companies of – 700 million yuan to – 900 million yuan in 2021, compared with – 1.976 billion yuan in the same period in 2020.
Figure: China Aluminum International Engineering Corporation Limited(601068) main business data
China Aluminum International Engineering Corporation Limited(601068) said that the reason for the loss was that China Aluminum International Engineering Corporation Limited(601068) Engineering Equipment Co., Ltd., a wholly-owned subsidiary of the company, had poor operating conditions in 2021, some receivables could not be recovered and inventories could not be realized. It was expected that China Aluminum International Engineering Corporation Limited(601068) Engineering Equipment Co., Ltd. would withdraw a large amount of impairment provision for receivables and inventories in 2021, resulting in the current operating loss of the company.
However, the main reason for China Aluminum International Engineering Corporation Limited(601068) loss is that it is difficult for the main business to generate income. The company expects the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses in 2021 to be about RMB – 780 million to RMB – 980 million.
After the rise in the limit on February 14, there were differences in the views of hot money on China Aluminum International Engineering Corporation Limited(601068) . The dragon and tiger list on the same day showed that Changjiang Securities Company Limited(000783) Shanghai Dongming Road Securities Business Department and China Merchants Securities Co.Ltd(600999) Xi’an Qujiang New Area securities business department who bought the top five did not sell; The Changjiang Securities Company Limited(000783) Shanghai Dongming Road Securities Business Department and Shanghai Stock connect also did not buy.
Figure: February 14 China Aluminum International Engineering Corporation Limited(601068) dragon and tiger list data
