Zhejiang Kanglongda Special Protection Technology Co.Ltd(603665) breakthroughs have been made in transformation and upgrading, and the dual main industries of “protection industry + new energy lithium salt industry” have been smoothly promoted. A few days ago, Zhejiang Kanglongda Special Protection Technology Co.Ltd(603665) disclosed the annual report for 2021, realizing an operating income of 1.053 billion yuan, a net profit loss of 154 million yuan and a glove business income of about 976 million yuan. The main reason for the loss is that in 2021, the company made a total of 377 million yuan of impairment reserves, of which Beijing Yiheng Internet, a subsidiary of the company involved in private network communication business, made 352 million yuan of impairment reserves.
In 2021, Zhejiang Kanglongda Special Protection Technology Co.Ltd(603665) while steadily developing the main industry, gradually realize industrial transformation and upgrading, and actively promote the dual main industry of “protection industry + new energy lithium salt industry”. Protection industry is Zhejiang Kanglongda Special Protection Technology Co.Ltd(603665) existing main business. The company is one of the professional enterprises with the most complete product types and specifications in China’s labor protection glove industry, and it is also an important supplier of functional labor protection gloves in major global markets. In 2021, the company’s main business operation was stable, and the annual glove business revenue was 976 million yuan.
It is noteworthy that Tiancheng lithium industry has completed its performance commitment in 2021, and the new energy lithium salt industry is the second main industry that Zhejiang Kanglongda Special Protection Technology Co.Ltd(603665) is promoting. In October 2021, Zhejiang Kanglongda Special Protection Technology Co.Ltd(603665) acquired 33.33% equity of Jiangxi Tiancheng Lithium Industry Co., Ltd. by means of capital increase and equity transfer. The main product of Tiancheng lithium industry is lithium salt brine (lithium sulfate solution), which is upstream of the lithium new energy industry chain. The products are mainly used for further processing and extraction of industrial grade lithium carbonate and battery grade lithium carbonate. After the phase II production line is officially put into operation, the production capacity of Tiancheng lithium industry will be greatly improved.
According to the acquisition agreement, the net profit of Tiancheng lithium industry in 2021, 2022 and 2023 shall not be less than 46 million yuan, 97 million yuan and 147 million yuan respectively. According to the annual report, in 2021, Tiancheng lithium completed its performance commitment in the first year and achieved a net profit of 488169 million yuan, exceeding the performance commitment in 2021. In the first quarter of 2022, Tiancheng lithium has realized a net profit of 381267 million yuan.
On March 20, 2022, the company signed a framework agreement with Tiancheng management and Yiyuan lithium to acquire another 17.67% of its equity, so as to realize the holding and consolidation of Tiancheng lithium industry.
According to the report on April 14 of the “voice of Shanggao” on the official account of the financial media center of Shanggao County, the second phase of the lithium sulfate solution production line of Tiancheng lithium industry has been completed. At present, it has entered the final commissioning stage and is about to be put into production.
In the future, while continuing to develop its existing main business, the company will comprehensively promote the common development of “protection industry + new energy lithium salt industry” and further carry out industrial transformation and upgrading.
