Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) 4 on the evening of April 1, the annual report of 2021 was released. Last year, the net profit attributable to the parent company increased by 140143%, and the net profit excluding non attributable to the parent company increased by 623251%.
The agency predicts that there will be a large gap in global potash fertilizer in 2022 Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) also disclosed in the annual report that it is promoting the acquisition of 179.8 square kilometers of potassium salt mine in Pengxia nongbo village, nongbo County, Gammon Province, Laos. If the acquisition is completed, it will become the largest potash fertilizer resource enterprise in Asia, and plans to increase the production capacity to more than 3 million tons in 3-5 years.
last year’s net profit increased by 140143%
Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) 4 on the evening of April 1, the annual report of 2021 was released. Last year, the operating revenue was 833 million yuan, a year-on-year increase of 129.36%; The net profit attributable to the shareholders of the listed company was 895 million yuan, a year-on-year increase of 140143%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 289 million yuan, a year-on-year increase of 623251%.
The announcement shows that Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) and its subsidiary Zhongnong international focus on potash mining, potash fertilizer production and sales. The company has 35 square kilometers of potash mining right in Gammon Province, Laos. The total reserves of potash ore are 1.002 billion tons, converted into 152 million tons of pure potassium chloride. It is rich in mineral resources and has good resource endowment conditions, which is suitable for large-scale development of potash projects.
As one of the first Chinese enterprises to implement overseas potash development in “going global”, the company has built the first potash fertilizer production plant outside China to realize industrial production in Laos. The company officially launched the 1 million T / a potash fertilizer reconstruction and expansion project in April 2020, successively completed the quality and efficiency improvement transformation of 250000 t production system in 2021, completed and put into operation 750000 t production system and supporting storage and transportation, power supply, water supply, gas supply units and other projects, started the commissioning and defect elimination work in September, and turned to formal production in December. At present, it has reached production capacity. In 2021, the company produced 33.5% qualified potash fertilizer products throughout the year 20000 tons, sales of potash fertilizer 35 0.04 million tons, achieving good economic benefits.
In December 2021, the old fellow railway was opened to traffic, and a new “through train” was put forward in the company’s logistics system. So far, through sea transportation, land automobile transportation and land railway transportation, the company has established a complete sales logistics system and further enhanced its regional advantages.
shares hit a record high
Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) annual report shows that potassium is one of the three essential nutrients for crop growth. In 2021, with the rising prices of grain and bulk commodities, the global price of potash fertilizer showed a sharp rise. The EU and the United States have imposed sanctions on Belarus and the rising international shipping charges have caused problems such as the obstruction of potash transportation, exacerbated the global shortage of potash supply, and the global potash market price has reached a historical high in recent 10 years.
Guosen Securities Co.Ltd(002736) in the research report, it is pointed out that the uncertainty of international events will have a significant impact on the global and Chinese potash prices, and it is optimistic about the medium and long-term high prospect of the potash industry.
Citic Securities Company Limited(600030) also introduced that from the perspective of new capacity, the new capacity this year mainly includes 1 million tons of nutrien, 1 million tons of mosaic K3 mine, Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) 750000 tons of new capacity and the capacity adjustment of ICL and other enterprises, which is expected to be no more than 4 million tons. On the demand side, nutrien expects the global demand for potash fertilizer to be between 68 million and 71 million tons in 2022. Under tight supply, it is expected that there will be a large gap in global potassium fertilizer in 2022, and the price is easy to rise but difficult to fall.
The continuous rise in the price of potash fertilizer has also led to a sharp rise in the share price of potash fertilizer listed companies recently. According to the data of China Securities Taurus, Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) 3 March 29 reached 39.35 yuan / share, a new high since listing.
increase the production capacity to more than 3 million tons within 35 years
Faced with the global potash fertilizer shortage, Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) is also actively expanding production. On the day of issuing the annual report, Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) also released the announcement that the 1 million T / a potash fertilizer reconstruction and expansion project in Laos reached the production capacity. After orderly engineering construction, equipment installation and commissioning, trial production and process optimization, the company has met the conditions for 72 hour continuous operation and production acceptance. At present, the project has achieved stable production and reached the production capacity and product quality planned by the project design.
Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) in the annual report, the company is promoting the acquisition of 179.8 square kilometers of potassium salt mine in Pengxia nongbo village, nongbo County, Gammon Province, Laos. The mining area is connected with 35 square kilometers of potassium salt mining area. The total amount of potassium salt ore is about 3.935 billion tons, and the converted pure potassium chloride is about 677 million tons. If the reorganization is completed, the company will own 214.8 square kilometers of potash mining right in Gammon Province, Laos, converted into 829 million tons of pure potassium chloride, becoming the largest potash fertilizer resource enterprise in Asia, and realize the efficient and coordinated development of the two mineral resources, which will help to further enhance the company’s sustainable development ability and core competitiveness.
Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) also said that it plans to increase the production capacity to more than 3 million tons within 3-5 years to meet the huge market demand of the surrounding Southeast Asia and China, and build a potash fertilizer production and reserve base outside China.
