Salt Lake Shares: The company is currently the only enterprise in the world that masters all potassium chloride processing processes

Salt Lake (000792) responded to investors' concerns on the investor relations platform on October 26.

Investor: Can the potash fertilizer process break through again? Can costs be optimized?

Salt Lake Co., Ltd. Secretary: Hello! The company's potassium chloride plate has a variety of technologies, is currently the world's only master of all potassium chloride processing technology enterprises, cost reduction and efficiency is the enterprise continues to do, the company will further optimize the process technology, reduce consumption, reduce procurement costs and enrich the product structure and other ways, reduce costs and increase efficiency.

Investor: Hello! What is the proportion of potassium and lithium in your business?

Salt Lake Co., Ltd. Secretary: Hello! Potash fertilizer, lithium battery new energy materials business is the company's core business body and profit body, of which potash fertilizer in the company's revenue accounted for a relatively high proportion, lithium battery new energy materials business in the initial stage of its revenue accounted for relatively small.

Investors: It is strongly recommended that the company's mining area is so large that it can cooperate with new energy companies to generate electricity and consume it yourself. Or sell it on the grid.

Salt Lake Co., Ltd. Secretary: Hello! The company is surrounded by a wealth of solar energy and wind power, the company is actively docking with relevant parties, research and demonstration of the use of clean energy, thank you for your attention and suggestions to the company.

Investor: How many reserves of lithium chloride is estimated to be in the company? What kind of appearance?

Salt Lake Co., Ltd. Secretary: Hello! Qarhan Salt Lake is a chlorine salt lake, the lake contains extremely rich potassium, sodium, magnesium, boron, lithium, bromine and other resources, of which potassium chloride, magnesium chloride, lithium chloride, sodium chloride reserves are in the forefront of the country.

Investors: Entering the ice season in the fourth quarter, how much is the production capacity of potash fertilizer expected to decline? Will there be a maintenance scheduled this winter?

Salt Lake Co., Ltd. Secretary: Hello! Affected by the drop in temperature, winter production will decline, while winter equipment will increase heat preservation, heat tracing and other facilities, and production costs will increase slightly.

Salt Lake Shares' 2021 interim report shows that the company's main revenue was 6.162 billion yuan, down 36.0% year-on-year; net profit attributable to the mother was 2.114 billion yuan, up 52.97% year-on-year; deducted non-net profit was 2.102 billion yuan, up 45.32% year-on-year; among them, in the second quarter of 2021, the company's single-quarter main revenue was 3.146 billion yuan, down 46.72% year-on-year; single-quarter net profit attributable to the mother was 1.321 billion yuan, up 118.61% year-on-year. In the single quarter, the non-net profit was 1.317 billion yuan, up 94.53% year-on-year; the debt ratio was 64.72%, the investment income was 3.1854 million yuan, the financial expense was 115 million yuan, and the gross profit margin was 58.12%.

A total of 10 institutions have given ratings in the last 90 days, 6 buy ratings and 3 overweight ratings; the average target price of institutions in the past 90 days has been 45.14; the Securities Star Valuation Analysis Tool shows that Salt Lake (000792) good companies are rated 2 stars, good price ratings are 1 star, and valuation comprehensive ratings are 1.5 stars.

The main business of Salt Lake Co., Ltd.: the development, production and sales of potassium chloride; Comprehensive development and utilization of salt lake resources; Other businesses include cement production, trading chains and hotel businesses

The chairman of the company is Yin Hongwei. Zhen Hongwei, male, born in 1968, member of the Communist Party of China, university degree. He was the chief of the production section of the Agricultural Reclamation Bureau of Haixi Prefecture, Qinghai Province; Deputy Secretary-General of Haixi Prefecture Government of Qinghai Province; Deputy Director of the Office of the Agriculture and Animal Husbandry Department of Qinghai Province; Director of the General Division (Policy and Regulation Research Office) of the Economic and Information Commission of Qinghai Province; From March 2016 to March 2018, he served as the director of the Enterprise Reform Division of the State-owned Assets Supervision and Administration Commission of the Qinghai Provincial Government; From March 2018 to September 2018, he served as a member of the Party Group of the Economic and Information Commission of Qinghai Province, deputy director and member of the Party Committee of the State-owned Assets Supervision and Administration Commission of the People's Government of Qinghai Province, and director of the Enterprise Reform Department. From September 2018 to November 2018, he served as deputy director and member of the Party Committee of the State-owned Assets Supervision and Administration Commission of the Qinghai Provincial Government, and a member of the Party Group of the Qinghai Provincial Economic and Information Commission. From November 2018 to March 2020, he served as deputy director and member of the Party Committee of the State-owned Assets Supervision and Administration Commission of the Qinghai Provincial Government, and a member of the Party Group of the Department of Industry and Information Technology of Qinghai Province; From March 2020 to June 2020, he served as Deputy Secretary-General of the People's Government of Qinghai Province; In August 2020, he was appointed as a director of Qinghai Salt Lake Industry Co., Ltd.; Since September 2020, he has served as the Party Secretary and Chairman of Qinghai Salt Lake Industry Co., Ltd.

This article is compiled by the Securities Star Data Center based on publicly available data and does not constitute investment opinions or suggestions, if there are any problems in the text, please contact us.