Ganfeng Lithium plans to build a 6GWh lithium battery production project with 3.5 billion yuan
Aug 31, 2022
On the evening of August 30, Ganfeng lithium industry, a leading lithium mine, announced that the company planned to invest no more than 3.5 billion yuan in the construction of a new lithium battery production project with an annual output of 6gwh. The subsidiary Ganfeng new lithium source plans to invest and construct a small-scale polymer lithium battery project with an annual output of 2 billion with its own capital of no more than 2 billion yuan.
In addition, the company plans to increase the construction scale of Ganfeng lithium's new lithium battery project with an annual output of 5gwh in Jiangxi Xinyu high tech Industrial Development Zone to 10gwh, and the construction scale of the new lithium battery science and Technology Industrial Park and advanced battery research institute project with an annual output of 10gwh in Chongqing Liangjiang New District to 20gwh.
Ganfeng lithium said that the above investment will help improve the production scale, market share and R & D capacity of the company's lithium battery products, promote the optimization and upgrading of the company's lithium industry chain structure, enhance the company's core competitiveness and profitability, and conform to the company's upstream and downstream integrated development strategy.
On the same day, the semi annual report of Ganfeng lithium industry in 2022 was released. During the reporting period, the company realized an operating income of 14.444 billion yuan, a year-on-year increase of 255.38%; The net profit attributable to the parent company was 7.254 billion yuan, a year-on-year increase of 412.02%. The company said that the substantial increase in performance was mainly due to the increase in product production, sales and prices during the reporting period.
From the perspective of products, the company's lithium series products achieved an operating income of 12.137 billion yuan in the first half of the year, with a year-on-year increase of 309.93%, accounting for 84.03% of the company's total revenue. It is the company's main source of revenue. Among them, the operating income of lithium battery series products in the first half of the year was 1.88 billion yuan, with a year-on-year increase of 146.06%.
However, during the reporting period, the company's lithium salt production and sales volume were generally lower than expected. In terms of ore supply, due to the need of reconstruction and expansion of MT Marion mine, the short-term impact of transitional ore mining on the upper layer of the new pit and the labor shortage caused by the epidemic, the output and grade of MT Marion ore have decreased to a certain extent.