Involved in the two major sectors of lithium salt and civil explosionYahua Groupthe bright performance continued from last year to the first quarter of this year.
By taking a stake in Guoli in 2013, Yahua Group has formed two major businesses: civil explosives and lithium industry. The company currently owns four lithium industry companies: Guoli, Xingsheng Lithium, Ya’an Lithium and Lithium Technology. On the evening of February 21, Yahua Group disclosed the first-quarter performance forecast, with an advance profit of 900 million to 1.2 billion yuan, a year-on-year increase of 1053.67% to 1438.22%. The annual performance report disclosed on the same day shows that Yahua Group achieved operating income of 5.233 billion yuan last year, a year-on-year increase of 60.99%; net profit of 925 million yuan, a year-on-year increase of 185.5%; basic earnings per share of 0.805 yuan, a year-on-year increase of 139.37%.
On February 21, Yahua Group surged 8.72% in heavy volume to close at 29.54 yuan per share, with a daily daily limit.
Behind the surge in performance, a significant increase in profits in the lithium business is a driving factor. In 2021, domestic production and sales of new energy vehicles will be booming, which will also drive the operating performance of upstream and downstream enterprises in the industry chain. Regarding the substantial growth in performance, Yahua Group said that the company’s civil explosive business continued to seek progress while maintaining stability, and its performance grew steadily; the demand for lithium industry continued to rise, and the price of lithium salt products continued to rise. The company seized the opportunity to release production capacity and increase sales. Lithium salt products The sales volume has gradually increased, and the profit of the lithium business has increased significantly.
The company recently disclosed that it has reserved lithium resources through various channels, and the current supply channels of lithium resources can meet the production needs of lithium salts in 2022.
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Responsible editor: Wei Xiaodan