2022 is not two times the dark horse of 3... Xianfeng Holdings (002141) took off immediately, and the 10,000-ton industrial-grade lithium carbonate construction project of its joint venture company in Qinghai was officially opened

2022 is not two times the dark horse of 3...

Xianfeng Holdings (002141) took off immediately, and the 10,000-ton industrial-grade lithium carbonate construction project of its subsidiary joint venture in Qinghai officially obtained the "road" to carry out the preliminary work. This is not only the first lithium carbonate project built by Xianfeng Holdings in Qinghai Province, but also the first project development in Qinghai Province, marking a solid and important step in the construction of Xianfeng Holdings project in Qinghai.

　　According to the announcement, the 30,000 tons/year industrial-grade lithium carbonate production plant of the 30,000 tons/year industrial-grade lithium carbonate construction project of Qinghai Zhongnong Xianfeng Lithium Co., Ltd., a joint venture subsidiary of Xianfeng Holdings, was approved by the Economic and Information Technology Commission of Haixi Mongol and Tibetan Autonomous Prefecture in Qinghai Province.

　　The above approval means that the project of Xianfeng Holdings in Qinghai has officially obtained the "road" to carry out the preliminary work, and the company's construction of lithium carbonate production line and related auxiliary facilities in the Dalangtan Mining Area of the Mangya Committee of Haixi Mongol and Tibetan Autonomous Prefecture in Qinghai Province will soon start.

　　Wen Guodong, secretary of the Haixi Mongol and Tibetan Autonomous Prefecture Prefecture CPC Committee, said in a meeting with Xie Songfeng, chairman of Xianfeng Holding Group, that Xianfeng Holdings cooperated with Xingyuan Potash fertilizer and China Agricultural Group to develop salt lake resources and invest in the construction of lithium carbonate projects, which will play a great role in promoting the revitalization of the development of salt lake resources in Dalangtan, seizing the current great market opportunities for accelerating the development of lithium carbonate, promoting industrial transformation and upgrading, and supporting the economic development of Haixi. He also said, "Haixi Prefecture will give priority support in project approval and resource allocation, increase service guarantees, and fully support project construction." ”

　　Xie Songfeng said that he will increase communication with relevant departments of the state government, speed up the preliminary procedures of the project, and promote the implementation of the project as soon as possible. At the same time, it will give full play to the advantages of the Group's expert team in resource exploration and development, actively participate in the Qaidam Green Prospecting Conference, and actively participate in the development of new industries and new formats such as new energy, characteristic tourism, and venture capital, so as to achieve mutual benefit and win-win results between enterprises and land.

　　According to reports, Qinghai Zhongnong Xianfeng Lithium Co., Ltd. is a joint venture company for lithium carbonate extraction jointly invested by Xianfeng Holdings and China Agricultural Materials Group, focusing on the development of lithium extraction from brine and the preparation of lithium carbonate products, which was formally established in early April 2018 with a registered capital of 200 million yuan, of which Xianfeng Holdings holds 41% of the shares of the joint venture company.

　　According to the plan, the joint venture company will invest in the construction of an annual production project of 10,000 tons of industrial-grade lithium carbonate in Qinghai, and after the project is completed and production is completed, the profits generated can be used for additional investment until the project achieves an annual output of 30,000 tons of lithium carbonate. According to the calculation of this output, the production of lithium carbonate of Xianfeng Holdings will be among the forefront of the industry.

　　Xianfeng Holdings said that the establishment of the joint venture company will play a beneficial role in promoting the company's strategic layout in the upstream field of new energy, which is conducive to the expansion of the company's new energy business and the strategic implementation of the vertical industrial chain and the integration of technical advantages and resource advantages in the new energy industry, which will further lay the company's position in the domestic lithium resources industry.

　　In addition, the construction of this project will also cultivate new profit growth points for the future development of Xianfeng Holdings, which is in line with the strategic transformation direction of the company's new energy industry. Industry insiders analyze that in the case of high-priced operation of lithium carbonate, lithium gross profit margin will reach 60%-70%, and the net profit will naturally be very impressive, and the net profit margin of lithium companies is currently around 30%-40%.

　　According to the first phase of the joint venture company's 10,000 tons of production capacity, if the company is fully produced, it will achieve revenue of 1.6 billion yuan and net profit of 500 million yuan, and contribute about 200 million yuan of net profit to Xianfeng Holdings. After the annual output of the joint venture reaches 30,000 tons, it will add about 600 million yuan to the net profit of Xianfeng Holdings. The consolidation of the profits realized by the joint venture with the financial statements of Xianfeng Holdings will enhance the operating performance of Xianfeng Holdings.

　　Xianfeng Holdings pointed out that in the future, the company will actively promote in-depth cooperation with China Agricultural Production Materials Group, and strive to build the joint venture company into a manufacturer using advanced technology to extract lithium carbonate and a high-end technical service provider for "lithium" related production enterprises.

Under the background of the new energy vehicle 145 planning and the state's encouragement to promote the development of lithium resources, with the landing of the production news, Xianfeng Holdings will surely become the dark horse of 22022!