Potassium InternationalThe 2021 annual report was released on the evening of April 1, and the company returned to its parent last yearnet profitIt increased by 1401.43%, and the net profit after deducting non-return to the parent increased by 6232.51%.
The agency predicts that there will be a large gap in global potash fertilizer in 2022.Potassium InternationalIt is also disclosed in the annual report that it is advancing the acquisition of 179.8 square kilometers of potash mines in the Pengxia-Nongbo Village area of Nongbo County, Khammunh Province, Laos. If the acquisition is completed, it will become the largest single potash fertilizer resource enterprise in Asia, and plans to increase its production capacity to more than 3 million tons within 3-5 years.
Net profit increased by 1401.43% last year
Potassium InternationalThe 2021 annual report was released on the evening of April 1, which was achieved last yearOperating income833 million yuan, a year-on-year increase of 129.36%; attributable to listed companiesshareholderThe net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 289 million yuan, an increase of 6232.51% year-on-year.
announcementIt shows that Asia Potash International and its subsidiary Zhongnong International focus on potash mining, potash fertilizer production and sales. The company owns 35 square kilometers of potash mining rights in Khammunh Province, Laos. The total reserves of potash ore are 1.002 billion tons, equivalent to 152 million tons of pure potassium chloride.
As the first batch of Chinese enterprises to “go global” to implement overseas potash development, the company has built the first potash fertilizer production facility outside my country to realize industrialized production in Laos. The company officially launched the 1 million tons/year potash fertilizer reconstruction and expansion project in April 2020, and in 2021, it has completed the quality and efficiency improvement of the 250,000-ton production system, and completed and put into use a 750,000-ton production system and supporting storage and transportation, Projects such as power supply, water supply, and gas supply units started the commissioning and the elimination of shortages in September, and went into formal production in December, and have now reached production. In 2021, the company will produce 332,000 tons of qualified potash fertilizer products and sell 350,400 tons of potash fertilizers throughout the year, achieving good economic benefits.
In December 2021, the entire China-Laos Railway was opened to traffic, and a new railway “through train” for potash fertilizer to be transported back to China was added to the company’s logistics system. So far, the company’s sales logistics system has been established through sea transportation, land automobile transportation, and land railway transportation, and the location advantage has been further enhanced.
Shares hit record highs
Potassium International Annual Report shows that potassium is one of the three essential nutrients for crop growth. In 2021, with the rising prices of grains and bulk commodities, the global potash fertilizer prices will show a sharp rise. The EU and the United States imposed sanctions on Belarus potash fertilizers and the rising international sea freight rates have caused problems such as the obstruction of potash fertilizer transportation, which has exacerbated the shortage of global potash fertilizer supply, and the global potash fertilizer market price has reached a historical high in the past 10 years.
Guosen SecuritiesexistResearch reportIt pointed out that the uncertainty of international events will have a significant impact on the global and my country’s potash fertilizer prices, and is optimistic about the medium and long-term high prosperity of the potash fertilizer industry.
CITIC SecuritiesIt is also introduced that from the perspective of new production capacity, the new production capacity this year mainly includes an increase of 1 million tons of Nutrien production, 1 million tons of Mosaic K3 mine, a new production capacity of 750,000 tons of Potash International, and the production capacity adjustment of ICL and other enterprises, which is expected to not exceed 4 million tons. Ton. On the demand side, Nutrien expects global potash fertilizer demand to be between 68 million and 71 million tons in 2022. Under the tight supply, it is expected that there will be a large gap in the global potash fertilizer in 2022, and the price will be easy to rise and difficult to fall.
The continuous rise in the price of potash fertilizer has also caused the stock price of listed potash fertilizer companies to soar recently. Data from CSI Taurus shows that Asia Potash International reached 39.35 yuan per share on March 29, setting a new high since its listing.
Increase production capacity to more than 3 million tons within 3-5 years
Facing the global shortage of potash fertilizers, Asia Potash International is also actively expanding production.On the day when the annual report was released, Asia Potash International also announced that the Laos 1 million tons/year potash fertilizer reconstruction and expansion project had reached production capacity. The company’s Laos 1 million tons/year potash fertilizer reconstruction and expansion project,Construction, equipment installation and debugging, trial production and process optimization, the company has 72 hours of continuous operation and production acceptance conditions. At present, the project has achieved stable production, reaching the production capacity and product quality of the project design and planning.
Asia Potash International introduced in its annual report that the company is advancing the acquisition of 179.8 square kilometers of potash mines in the Pengxia-Nongbo village area of Nongbo County, Khammunh Province, Laos. The total amount of ore is about 3.935 billion tons, or about 677 million tons of pure potassium chloride.If this timereorganizationCompletion, the company will own 214.8 square kilometers of potash mining rights in Khammunh Province, Laos, equivalent to 829 million tons of pure potassium chloride, becoming the largest single potash fertilizer resource enterprise in Asia, and realize the efficient and coordinated development of the two mine resources, which will help Further enhance the company’s sustainable development capability and core competitiveness.
Asia Potash International also stated that it plans to increase its production capacity to more than 3 million tons within 3-5 years to meet the huge market demand in surrounding Southeast Asia and my country, and build my country’s overseas potash fertilizer production and reserve base.
(Article source: Chinasecuritiesnewspaper)