On January 20, lithium mining and salt lake lithium extraction continued to decline. Qinghai Salt Lake Industry Co.Ltd(000792) once fell to the limit. As of the noon closing, the company’s share price fell 7.20% to 27.06 yuan / share, with a market value of 147 billion yuan.
Yesterday, Qinghai Salt Lake Industry Co.Ltd(000792) announced the performance forecast for 2021. Although the maximum expected increase in net profit attributable to the parent company doubled, it was still lower than the market expectation.
performance is lower than market expectations
On the evening of January 19, Qinghai Salt Lake Industry Co.Ltd(000792) announced that the net profit attributable to the parent company is expected to be RMB 3.88 billion-4.28 billion in 2021, with a year-on-year increase of 90.24% – 109.85%. Although the maximum pre increase of the company’s net profit attributable to the parent company doubled in 2021, it was still lower than the market expectation.
In 2021, the company’s potassium chloride output is about 5.02 million tons and sales volume is about 4.65 million tons; The output of lithium carbonate is about 22700 tons and the sales volume is about 19200 tons.
China Securities Journal · China Securities Taurus reporter noted that from the perspective of spin off, the net profit attributable to the parent company in the first three quarters of 2021 was 3.715 billion yuan, and the net profit attributable to the parent company in the third quarter of 2021 was 1.6 billion yuan, which means that the net profit attributable to the parent company in the fourth quarter of 2021 was only 165-565 million yuan.
The above performance has also attracted the attention of investors. Some investors asked on the interactive platform: why will the net profit in the fourth quarter of 2020 and 2021 decrease so much compared with the first three quarters?
The reporter noted that on December 28, 2021, when the company accepted the institutional research, it said that Lanke lithium, a Qinghai Salt Lake Industry Co.Ltd(000792) holding company, has carried out production in winter for many years in recent years, except for periodic shutdown and maintenance. At present, natural gas has certain restrictions on the output of lithium carbonate. At the same time, due to the large consumption of production materials and steam in winter, the cost will increase.
On January 18, the company said on the interactive platform that at present, most of the lithium carbonate produced by Lanke lithium industry is industrial grade products, and the production capacity of Lanke lithium industry will be 30000 tons in 2022.
major shareholders frequently reduce their holdings
On August 10, 2021, Qinghai Salt Lake Industry Co.Ltd(000792) resumed listing, and went up to a high of 45.65 yuan / share on August 23, 2021.
However, after the resumption of listing, Qinghai Salt Lake Industry Co.Ltd(000792) major shareholders frequently reduced their holdings. The reduction of shares came from debt to equity during the company’s reorganization and was sold indefinitely.
In January 2020, * ST salt lake at that time disclosed the restructuring plan, and banks and non banking institutions such as China Development Bank, Postal Savings Bank Of China Co.Ltd(601658) Qinghai Branch, China Cinda Asset Management Co., Ltd. and ICBC Financial Asset Investment Co., Ltd. became Qinghai Salt Lake Industry Co.Ltd(000792) shareholders in the form of debt to equity swap.
On December 22, 2021, the company announced that Sinochem Group, a shareholder holding more than 5%, reduced its holdings of 73.9 million shares through block trading from November 19, 2021 to December 21, 2021, accounting for 1.36% of the total share capital of the company.
On December 29, 2021, the company announced that Postal Savings Bank Of China Co.Ltd(601658) Qinghai Branch reduced 60.83 million shares of the company through block trading from September 27, 2021 to December 28, 2021, accounting for 1.12% of the total share capital of the company.
Later, it was disclosed that Postal Savings Bank Of China Co.Ltd(601658) Qinghai Branch reduced 17.74 million shares of the company through block trading on December 31, 2021, accounting for 0.33% of the total share capital of the company. After this change, Postal Savings Bank Of China Co.Ltd(601658) Qinghai branch holds 4.94% of the shares of the company, all of which are shares with unlimited sales conditions.
Qinghai Salt Lake Industry Co.Ltd(000792) also said that in the next 12 months, Postal Savings Bank Of China Co.Ltd(601658) Qinghai Branch will steadily and orderly carry out the reduction under the unified arrangement and deployment of the head office of China postal savings bank, in combination with the capital arrangement and operation, and on the premise of compliance with the law.
