Benefiting from the substantial increase in the profit of lithium business, Tibet Mineral Development Co.Ltd(000762) ( Tibet Mineral Development Co.Ltd(000762) . SZ) expects the net profit in the first quarter of 2022 to exceed that of last year. Finance Associated Press reporter insiders learned that the first quarter of Tibet is usually the traditional off-season, and the sales situation is expected to gradually rise in the next few months. In addition, the Tibet Mineral Development Co.Ltd(000762) output and product quality will have further room for improvement this year.
On March 26, Tibet Mineral Development Co.Ltd(000762) disclosed that the forecast of the first quarter report showed that the company expected to achieve revenue of Wuxi Lead Intelligent Equipment Co.Ltd(300450) million yuan in the first quarter, with a year-on-year increase of 120.4% – 230.6%, and net profit of 200300 million yuan, with a year-on-year increase of 707.4% – 1111.1%. For the substantial growth of performance, the company explained in the first quarter forecast that the good sales of lithium concentrate was the main reason for the more growth of the company’s operating performance in the first quarter.
As for the sales forecast of lithium carbonate in the second quarter, the above-mentioned person told the financial associated press that traditionally, due to the Spring Festival in the first quarter, the Tibetan New Year and the closure of mountains by heavy snow, the first quarter of Tibet is usually the traditional off-season, and the sales situation in the next few months is expected to gradually rise.
Before the brilliant performance in the first quarter, Tibet Mineral Development Co.Ltd(000762) has turned losses into profits in 2021 Tibet Mineral Development Co.Ltd(000762) the 2021 annual performance express released on the same day showed that the company achieved a revenue of 640 million yuan, a year-on-year increase of 68.18%; The net profit was 140 million yuan, an increase of 388.89% over the same period last year.
The financial Associated Press reporter noted that the output of lithium carbonate and chromite in Tibet Mineral Development Co.Ltd(000762) 2021 exceeded expectations Tibet Mineral Development Co.Ltd(000762) 2021 performance express shows that the company expects to receive 9016 tons of lithium concentrate in 2021, a year-on-year increase of 96.00%; The annual output of chromite is expected to be 140000 tons, exceeding the expected annual output target of 7000 tons of lithium concentrate and 130000 tons of chromite.
It is understood that Tibet Mineral Development Co.Ltd(000762) has been tackling key technical problems since last year. The most important contribution to the promotion of halogen technology is the three-dimensional crystallization and dynamics. Industry insiders said that after Tibet Mineral Development Co.Ltd(000762) large-scale promotion of three-dimensional crystallization and dynamic halogen technology in 2022, it is expected that the output and product grade will further increase this year.
In terms of production capacity, Tibet Mineral Development Co.Ltd(000762) said at the investment exchange meeting in February this year that the company currently plans to reach 30000 tons of lithium salt production capacity by 2025, and the phase II 10000 tons of lithium carbonate project is planned to be put into operation in September 2023. In addition, the company has signed a 100 tons of lithium hydroxide pilot test contract with Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) and will consider the construction of 10000 tons of lithium hydroxide project after the pilot test is successful. It is understood that Tibet Mineral Development Co.Ltd(000762) owns the exclusive mining right of Zabuye Salt Lake in Tibet, which is the third largest lithium salt lake in the world.
