On March 14, the leader of lithium industry Ganfeng Lithium Co.Ltd(002460) ( Ganfeng Lithium Co.Ltd(002460) , hereinafter referred to as Ganfeng Lithium Co.Ltd(002460) ) announced the performance express of 2021 and the main business data from January to February 2022.
According to the announcement, from January to February 2022, Ganfeng Lithium Co.Ltd(002460) operation was stable, product prices rose further, and sales increased year-on-year. According to the preliminary accounting of the company, the operating revenue was about 3.6 billion yuan, an increase of about 260% year-on-year; The net profit was about 1.4 billion yuan, an increase of about 300% year-on-year; The net profit after non deduction was about 1.8 billion yuan, with a year-on-year increase of about 1000%.
The performance express released on the same day disclosed that Ganfeng Lithium Co.Ltd(002460) achieved an operating revenue of 11.162 billion yuan in 2021, a year-on-year increase of 102.07%; The net profit was 5.175 billion yuan, a year-on-year increase of 405.03%; The net profit after deducting non-profit was 2.811 billion yuan, a year-on-year increase of 598.91%; The basic earnings per share was 3.66 yuan, a year-on-year increase of 363.29%.
As for the main reasons for the growth of performance in the reporting period, Ganfeng Lithium Co.Ltd(002460) said that with the rapid development of new energy vehicles and energy storage industry, the demand of downstream customers for lithium products increased strongly. In 2021, the production and sales volume of the company’s lithium products increased and the average price of product sales increased significantly compared with that in 2020; New projects in the lithium battery sector of the company have been put into operation and the production capacity has been gradually released; Gains from changes in the fair value of Pilbara and other financial assets held by the company increased.
At the end of the reporting period, the total assets of the company were 39.037 billion yuan, an increase of 77.28% over the beginning of the year; The owner’s equity attributable to shareholders of listed companies was 21.857 billion yuan, an increase of 104.17% over the beginning of the year; The share capital was 1.437 billion shares, an increase of 7.28% over the beginning of the year; The net assets per share attributable to the shares of listed companies were 15.21 yuan, an increase of 90.36% over the beginning of the year.
As for the main reasons for the growth of total assets, Ganfeng Lithium Co.Ltd(002460) said that with the expansion of the company’s production and operation scale, the company’s current assets increased by 5.803 billion yuan at the end of the reporting period, of which the company’s monetary capital, accounts receivable and inventory increased by 6.329 billion yuan; In order to further expand the layout of upstream and downstream industries, the company’s non current assets increased by 11.214 billion yuan at the end of the reporting period, including long-term equity investment, intangible assets (mining rights), projects under construction and fixed assets (new production lines) increased by 6.764 billion yuan; The value of the company’s non current financial assets increased by 2.451 billion yuan due to the rise of the share price at the end of the period compared with the beginning of the period.
According to statistics, there are 28 listed companies in the non-ferrous metal industry that have published financial reports and performance letters. Among them, 26 achieved net profit growth Nuode Investment Co.Ltd(600110) , Ganfeng Lithium Co.Ltd(002460) , Chongyi Zhangyuan Tungsten Co.Ltd(002378) growth showed that the net profit increased by 740993%, 405.03% and 342.09% respectively year-on-year.
Ganfeng Lithium Co.Ltd(002460) was established in March 2000. It is a lithium metal manufacturer with the most complete lithium products, the highest product level and the longest processing chain in China. The business runs through the whole industrial chain of resource mining, refining and processing, battery manufacturing and recycling. It has the production capacity of more than 40 kinds of lithium compounds and metal lithium products in five categories. It has successively reached strategic cooperation intentions with Dongfeng Automobile Co.Ltd(600006) , batrui, Jingke energy and other companies.
As the only enterprise in the world with three industrialization technologies of “extracting lithium from brine”, “extracting lithium from ore” and “recovering lithium”, Ganfeng Lithium Co.Ltd(002460) has sufficient capacity of lithium compounds and metal lithium, and holds many high-quality ore sources in Australia, Argentina, Mexico, Ireland, Qinghai, Jiangxi and other places in China.
In 2010, Ganfeng Lithium Co.Ltd(002460) was listed on Shenzhen Stock Exchange, becoming the first listed company in China’s lithium industry. In 2018, Ganfeng Lithium Co.Ltd(002460) again landed on the Hong Kong stock exchange, becoming the first lithium company to be listed on both A-Shares and H shares.
In recent years, affected by the high outlook of the new energy vehicle industry, Ganfeng Lithium Co.Ltd(002460) share price once hit new highs. In September 2021, it reached the highest point of 224.4 yuan / share since listing, with a cumulative increase of more than 5 times over the beginning of 2020. Since then, the Ganfeng Lithium Co.Ltd(002460) share price has continued to decline, and the share price has fallen by more than 40% in less than half a year.
As of the closing on March 14, Ganfeng Lithium Co.Ltd(002460) closed at 124.5 yuan / share, down 2.31%, with a total market value of 164.2 billion yuan. The daily turnover rate was 2.27%, down 8.91% in the past five trading days, and the cumulative turnover rate was 16.11%.
