Snowsky Salt Industry Group Co.Ltd(600929) its main business of Hunan Chongqing salinization soda ash and ammonium chloride has entered a business cycle. The company recently revealed that compared with the sales price in December 2021, the average ex factory price of soda ash and ammonium chloride of the company has increased by more than 20% recently. It is expected to significantly increase Snowsky Salt Industry Group Co.Ltd(600929) profit level in 2022 and continuously improve the profitability of the company.
By the end of 2021, the company completed the acquisition of 100% equity of Xiangyu Yanhua and realized consolidation. Located in the southwest and adjacent to the Yangtze River, Hunan Chongqing salinization has obvious geographical advantages. It has an annual output of 1 million tons of high-quality well mineral salt, 700000 tons of soda ash and 700000 tons of ammonium chloride.
According to the data of Baichuan Yingfu, on April 14, the market price of soda ash in China increased by 10-50 yuan / ton, and the quotation was 26152860 yuan / ton. According to the prediction of professional institutions, the current price of ammonium chloride is about 1300 yuan / ton. Affected by the slight tension at the supply side, the price of ammonium chloride is expected to remain high in the second quarter. In 2022, the company will continue to enjoy the huge profits and abundant cash flow brought by the high prosperity of soda ash industry, providing a strong financial guarantee for the expansion of other businesses of the company.
The net profit attributable to the listed company in the first quarter of last year is expected to increase by -8.32 million yuan to -8.32 million yuan after the release of the first quarter forecast, which is expected to increase by 56% year-on-year.
At present, Snowsky Salt Industry Group Co.Ltd(600929) has six major production bases of Xiangheng salt, Xiangli salt, Xuetian technology and Jiangxi 92 salt industry, Hebei Yongda table salt and Chongqing Xiangyu salt. It has realized the “three major changes” from regional companies to national companies, from single well mineral salt to well mineral salt, lake salt, sea salt and imported salt, from single salt industry to salt industrial chain cluster, and continuously expanded the industrial chain layout to both ends of condiment and salt chemical industry.
