Financial Performance - Net profit attributable to shareholders rose by 75.91% to RMB 9,438,229,716.32 from RMB 5,365,267,017.62 in the same period last year[4] - Operating revenue for the current period reached ¥9,438,229,716.32, a 75.91% increase compared to ¥5,365,267,017.62 in the previous period, primarily due to the release of related production capacity[10] - Net profit excluding non-recurring gains and losses decreased by 32.01% to RMB 2,396,600,665.19[4] - Basic and diluted earnings per share fell by 32.00% to RMB 1.19[4] - Total comprehensive income for the period attributable to the parent company's owners was CNY 2,103,784,883.41, down from CNY 3,354,592,585.76 in the previous period, representing a decrease of approximately 37%[33] - Net profit for the current period was CNY 2,163,972,917.06, down from CNY 3,560,026,630.63 in the previous period, reflecting a decrease of approximately 39.2%[31] Assets and Liabilities - Total assets increased by 2.24% to RMB 80,933,407,511.25 compared to the previous year[2] - The company's total current assets amounted to RMB 30,499,227,163.59, a decrease of 4.58% from RMB 31,966,036,151.87 at the beginning of the year[20] - The total non-current assets increased to RMB 50,434,180,347.66, up 6.73% from RMB 47,193,873,916.27 at the beginning of the year[21] - Total liabilities decreased slightly to CNY 29,693,841,543.98 from CNY 30,293,601,966.45, a reduction of about 2.0%[24] - The total equity attributable to the parent company increased to CNY 46,217,027,259.62 from CNY 44,042,826,990.75, reflecting a growth of approximately 4.9%[24] Cash Flow - Cash flow from operating activities decreased by 31.07% to RMB 2,138,674,627.96[4] - The net cash flow from operating activities was -¥3,169,082,963.04, a decrease of -379.24% compared to ¥1,134,889,135.18 in the previous period, primarily due to payments related to prior guarantees and taxes[11] - Cash inflow from operating activities totaled CNY 12,183,086,187.91, significantly higher than CNY 4,767,338,176.91 in the previous period, indicating an increase of approximately 155%[34] - The net cash flow from financing activities increased by 2,459.49% to ¥4,579,657,096.20 from ¥178,928,609.51, mainly due to cash received from new borrowings[11] - Cash inflow from financing activities reached CNY 7,097,183,241.00, compared to CNY 1,352,566,270.00 in the previous period, representing an increase of approximately 424%[38] Borrowings and Financial Expenses - Short-term borrowings rose by 37.81% to RMB 2,906,595,269.05, primarily for new short-term loans for production operations[8] - Long-term borrowings increased by 53.38% to RMB 14,014,345,214.15, mainly for project investment and construction[9] - Financial expenses surged by 251.25% to ¥139,156,718.01 from ¥39,617,229.62, mainly due to increased interest expenses and foreign exchange losses[10] Research and Development - R&D expenses rose by 84.99% to ¥391,927,028.05 from ¥211,864,208.36, reflecting continued investment in research and development[10] Shareholder Information - The total number of common shareholders at the end of the reporting period was 347,226 for A shares and 39 for H shares[12] - The largest shareholder, HKSCC NOMINEES LIMITED, holds 20.01% of the shares, amounting to 403,542,556 shares[12] Other Comprehensive Income - Other comprehensive income decreased by 41.91% to RMB 405,927,152.04 due to foreign currency translation differences[9] - The company reported a net loss from other comprehensive income attributable to the parent company of CNY -327,121,160.00, compared to CNY -170,490,398.96 in the previous period[32] Investments and Projects - The company approved an investment agreement to build a 24GWh power battery production line and a 10GWh battery PACK assembly line in Chongqing[17] - A new project for a 10GWh lithium battery and energy storage headquarters was approved for investment in Dongguan[17] - The company will hold an 80% stake in Xinyu Ganfeng Mining Co., after acquiring an 18% stake from Shanghai Jujin Gui[18] - A strategic cooperation framework agreement was signed with the Xilin Gol League Administrative Office to develop a lithium battery new energy industry chain[18] - The company provided financial assistance of up to RMB 10 million to its affiliate, Inner Mongolia Vlasto Mining Co., at an interest rate of 5%[18]

Company Overview - Ganfeng Lithium is a leading lithium ecosystem enterprise with production capabilities for over 40 types of lithium compounds and lithium metal products[5]. - Ganfeng Lithium ranks first globally in lithium metals production capacity, producing various forms of lithium metals for battery manufacturers and pharmaceutical companies[10]. - The company is the largest producer of lithium metal globally and the largest supplier of lithium compounds in mainland China[78]. Raw Materials and Supply Chain - The company has established a stable, high-quality, and diversified raw materials supply system through long-term procurement agreements for lithium resources, primarily sourced from the Mount Marion Project in Australia[8]. - Ganfeng Lithium is actively expanding its upstream lithium resource footprint in regions such as Australia, Argentina, and China[8]. - The company has completed the acquisition of a lithium mine in Australia, expected to increase its resource base by 15 million tons[14]. - The company holds a 50% equity interest in the Mount Marion spodumene project in Australia, with a resource amount of 1,843,000 tons of LCE[86]. - The company has a total of 24,580,000 tons of LCE from the Cauchari-Olaroz lithium saltlake project in Argentina, in which it holds a 46.67% interest[86]. Financial Performance - Ganfeng Lithium reported a total revenue of RMB 10.5 billion for the year 2022, representing a year-on-year increase of 150%[14]. - Revenue for the year ended December 31, 2022, increased by 274.6% to RMB 41,370,654 thousand[21]. - Gross profit rose by 367.4% to RMB 20,364,474 thousand, with a gross profit margin improvement[21]. - Profit attributable to owners of the parent surged by 292.4% to RMB 20,503,915 thousand[21]. - The company achieved a net profit of RMB 2.8 billion in 2022, which is a 200% increase compared to the previous year[14]. Production Capacity and Expansion Plans - The total production capacity of lithium products reached 50,000 tons in 2022, with plans to expand to 100,000 tons by 2025[14]. - The designed production capacity for lithium carbonate is 41,000 tons/year with a utilization rate of 71.95%[75]. - The designed production capacity for lithium hydroxide is 81,000 tons/year with a utilization rate of 74.59%[75]. - The company is expanding its production lines for ultra-thin lithium belts and high-quality lithium metal products in Yichun to support future solid-state battery technology[79]. Research and Development - The company is investing RMB 1 billion in R&D for new lithium extraction technologies aimed at improving efficiency by 20%[14]. - Ganfeng applied for 297 patents and participated in discussions on international industry standards and ISO standards[29]. - Research and development expenses surged by 316.2% to RMB 1,423,059 thousand, accounting for 3.4% of total revenue, driven by increased investment in lithium salts and solid-state batteries[144]. Market Trends and Demand - The global demand for lithium carbonate equivalent (LCE) was 617,000 tons in 2021 and rose to 829,000 tons in 2022, indicating a strong market growth[33]. - The global sales of new energy vehicles in 2022 reached 10.938 million units, reflecting a year-on-year growth of 58.7%[50]. - The demand for lithium iron phosphate materials and ternary materials is rapidly expanding due to the increase in motive power battery demand driven by the dual carbon policy[44]. Sustainability and Environmental Practices - The company is focusing on sustainable practices, with a goal to reduce carbon emissions by 30% by 2025[14]. - Ganfeng implemented wastewater zero-discharge projects, significantly reducing emissions and improving sustainability[29]. - Ganfeng Recycling's lithium recycling business aligns with the direction of carbon neutrality and carbon emission reduction, meeting customer demands for low-carbon solutions[96]. Strategic Partnerships and Market Position - Ganfeng Lithium aims to strengthen its market position through continuous investment in technology and strategic partnerships[5]. - Ganfeng's strategic partnerships with major automotive manufacturers are expected to generate an additional RMB 5 billion in revenue by 2024[14]. - The company aims to enhance its talent training system and establish a diversified assessment system to allocate resources to those promoting company development[31]. Challenges and Resilience - In 2022, the company faced challenges due to pandemic lockdowns affecting logistics and project construction, but maintained normal production and operations[30]. - The company anticipates improved supply of lithium spodumene raw materials in 2023 due to the recovery of spodumene grades and the completion of the Mount Marion project expansion[78]. Shareholder Engagement and Incentives - Ganfeng expresses gratitude to shareholders, investors, customers, and partners for their ongoing support and looks forward to a promising future[32]. - The Board proposed to adopt a restricted share unit scheme (RSU Scheme) to enable employee ownership of H Shares, with a maximum of 3% of the total issued H Shares to be granted[168].

股票代码：002460 股票简称：赣锋锂业 江西赣锋锂业集团股份有限公司投资者关系活动记录表 编号：2023-002 投资者关系活动类 别 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称及人 员姓名 线上参与公司赣锋锂业 2022 年度网上业绩说明会的投 资者 时间 2023 年 04 月 10 日（星期一）下午 15:00-17:00 地点 "赣锋锂业投资者关系"微信小程序 上市公司接待人员 姓名 董事长：李良彬先生 独立董事：王金本先生 财务负责人：黄婷女士 董事会秘书：侯映学先生 投资者关系活动主 要内容介绍 1、赣锋锂电即将装车的半固态动力电池，与目前市 面上普遍使用的三元及磷酸铁锂电池相比较，成本是否 有优势？谢谢！ 投资者您好，赣锋固态电池现在已经形成三元配碳 负极的系列产品，预计出货量如果达到 10GWh 规模时成 本有望对标液态三元电池。 2、在碳酸锂价格持续下行的态势下，公司如何推进 全产业链布局？ 本轮碳酸锂价格调整主要是下游厂商去库存所致， 但是从终端来看需求仍在。公司将持续提高资源自给 率， ...

证券代码：002460 证券简称：赣锋锂业 编号：临2023-032 江西赣锋锂业集团股份有限公司 关于举行 2022 年年度网上业绩说明会的公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏。 江西赣锋锂业集团股份有限公司（以下简称"公司"）已于2023年 03月30日在巨潮资讯网（http://www.cninfo.com.cn/）上披露了《赣锋 锂业2022年年度报告》。 特此公告。 江西赣锋锂业集团股份有限公司 为便于广大投资者进一步了解公司2022年年度经营情况、财务状 况及未来发展规划等，公司定于2023年04月10日（星期一）15:00至 17:00时在"赣锋锂业投资者关系"小程序举行2022年度网上业绩说明 会。本次网上业绩说明会将采用网络远程的方式举行，投资者可登陆 "赣锋锂业投资者关系"小程序参与互动交流。为广泛听取投资者的意 见和建议，提前向投资者征集问题，提问通道自发出公告之日起开放。 参与方式一：在微信小程序中搜索"赣锋锂业投资者关系"； 参与方式二：微信扫一扫以下二维码： 投资者依据提示，授权登入"赣锋锂业投资者关系"小程序，即可 参与 ...

Financial Performance - The net profit attributable to shareholders reached CNY 3,102,770,915.08, a significant increase of 292.16% compared to CNY 1,024,658,530.56 in the previous year[17]. - Operating revenue for the year was CNY 41,822,508,877.50, reflecting a growth of 274.68% from CNY 11,162,214,421.21 in 2021[17]. - The net assets attributable to shareholders increased by 101.17% to CNY 44,042,826,990.75 from CNY 21,893,749,372.90 at the end of 2021[15]. - The basic earnings per share rose to CNY 10.18, marking an increase of 281.27% from CNY 2.67 in the previous year[15]. - The weighted average return on equity was 61.41%, up from 31.04% in 2021, indicating improved profitability[15]. - The net cash flow from operating activities was CNY 12,490,633,286.43, a substantial increase of 376.67% compared to CNY 2,620,393,303.77 in 2021[17]. - The total assets of the company reached CNY 79,159,910,068.14, representing a growth of 102.68% from CNY 39,056,652,559.96 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 1,995,234,149.27, a remarkable increase of 586.34% from CNY 290,706,987.75 in 2021[17]. - The diluted earnings per share increased to CNY 10.17, up 282.33% from CNY 0.79 in the previous year[17]. - The company’s financial report has been confirmed by its board of directors, ensuring the accuracy and completeness of the information presented[2]. Market Trends and Demand - The lithium demand has significantly increased due to the rapid growth in electric vehicle and energy storage battery markets, influenced by government policies promoting new energy vehicles[3]. - The global lithium resource supply increased from 170,000 tons LCE in 2017 to 430,000 tons LCE in 2022, with demand rising from 617,000 tons in 2021 to 829,000 tons in 2022[26]. - The price of 5%-6% lithium spodumene in China reached approximately USD 5,960 - 5,980 per ton, a 132%-134% increase compared to early 2022[26]. - The company anticipates that the supply of lithium resources will improve with the commissioning of new projects in South America and Africa[26]. - The company noted that the supply of lithium brine resources is expected to increase significantly after 2023, although effective supply remains limited in the short term[27]. - In 2022, China's power battery cumulative production reached 545.9 GWh, a year-on-year increase of 148.5%[32]. - Global sales of new energy vehicles reached 10.938 million units in 2022, a year-on-year increase of 58.7%[33]. - The cumulative production of lithium iron phosphate batteries was 332.4 GWh, representing 60.9% of total production, with a year-on-year increase of 165.1%[32]. - The target for new energy vehicle penetration rate in China is set at 20% by 2025 and 40% by 2030, with the 2025 target already achieved ahead of schedule[35]. Operational Strategies and Risk Management - The company is closely monitoring government policies and industry trends to manage risks associated with market changes and ensure timely responses[3]. - The company emphasizes safety and environmental protection in its operations, implementing a comprehensive safety management system to mitigate risks[6]. - The company has established a foreign exchange hedging management system to mitigate risks associated with currency fluctuations affecting overseas operations[7]. - The company operates in multiple countries, facing various legal and political risks that could impact its business and financial performance[8]. - The company is committed to enhancing its lithium resource development team and collaborating with professional teams for effective exploration and verification of mining sites[4]. - The company has established a risk management system for its investments to mitigate potential financial risks[138]. Research and Development - The company has a robust R&D team of 1,043 personnel, including national-level experts, focusing on lithium extraction and production technologies[56]. - The company has developed advanced production technologies, including "brine lithium extraction," "ore lithium extraction," and "recycling lithium extraction," and has over 40 industry-leading lithium compound and metallic lithium products[66]. - Research and development efforts have led to the creation of a high-energy density battery with a long cycle life, enhancing product performance and market competitiveness[110]. - R&D investment reached approximately 1.42 billion CNY, a 316.17% increase compared to the previous year, with R&D expenditure as a percentage of revenue rising to 3.40%[111]. - The company is committed to enhancing its R&D capabilities, focusing on solid-state battery technology and improving lithium extraction methods to maintain a technological edge in the global lithium industry[148]. Production Capacity and Expansion - The company has established a vertically integrated business model, enhancing operational efficiency and profitability across its lithium resource development and battery manufacturing segments[15]. - The company is currently constructing projects to increase lithium hydroxide capacity to 81,000 tons/year, with a utilization rate of 74.59%[58]. - The company is expanding its production capacity with a new lithium battery project aiming for an annual output of 15 GWh[127]. - The company has reported a significant increase in lithium production capacity, reaching 30,000 tons in 2022, up from 20,000 tons in 2021, representing a 50% growth[178]. - The company plans to expand its production capacity, with the Chongqing Ganfeng 20 GWh lithium battery technology industrial park project underway, aiming to become the largest solid-state battery production base in China[93]. Environmental and Social Responsibility - The company emphasizes the importance of balancing the interests of stakeholders and fulfilling its social responsibilities[10]. - The company received a BBB rating in the MSCI ESG assessment in October 2022 and won the Environmental Protection Innovation Case Award in December 2022[10]. - The company has established a board-level Sustainable Development Committee to oversee and enhance its ESG management framework[10]. - The company completed the first unsubsidized green certificate transaction in Jiangxi Province, purchasing 100MW of green power certificates to enhance the proportion of clean energy in operations[10]. Corporate Governance - The company maintains independent operations, ensuring no interference from the actual controller in decision-making[152]. - The board of directors consists of 10 members, including 4 independent non-executive directors, ensuring compliance with legal requirements[152]. - The company has implemented internal control systems to manage risks and ensure effective operational management[153]. - The company emphasizes risk management, utilizing the IATF16949 management system for comprehensive risk assessment[153]. - The company has established a dedicated integrity account to promote anti-corruption efforts and ensure employees resist bribery[153]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of 10 RMB per 10 shares to all shareholders, with no stock bonus or capital reserve conversion[8]. - The company held 1 annual general meeting and 4 extraordinary general meetings during the reporting period, ensuring equal treatment of all shareholders[151]. - The company’s total shareholding increased due to the implementation of stock options and dividend distributions[165].

Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 41,370,654 thousand, a significant increase from RMB 11,043,007 thousand in 2021, representing a growth of approximately 274%[2]. - Gross profit for the year was RMB 20,364,474 thousand, compared to RMB 4,357,069 thousand in the previous year, indicating a gross margin improvement[2]. - Net profit for the year reached RMB 20,460,964 thousand, up from RMB 5,414,064 thousand in 2021, reflecting an increase of approximately 278%[3]. - Basic earnings per share for the year was RMB 10.18, compared to RMB 2.67 in 2021, marking a substantial increase[2]. - Total revenue for the year ended December 31, 2022, reached RMB 41,370,654,000, a significant increase from RMB 11,043,007,000 in 2021, representing a growth of approximately 274%[28]. - The company's net profit attributable to the parent company reached RMB 20,503,915 thousand, an increase of RMB 15,277,993 thousand or 292.4% compared to RMB 5,225,922 thousand in 2021[128]. Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 78,160,861 thousand, up from RMB 39,056,651 thousand in 2021, indicating a growth of approximately 100%[4]. - The company's non-current assets increased to RMB 47,193,874 thousand from RMB 24,429,912 thousand in 2021, representing a growth of about 93%[4]. - Current liabilities rose to RMB 18,654,925 thousand from RMB 8,209,107 thousand in 2021, reflecting an increase of approximately 127%[5]. - The total equity of the company reached RMB 48,866,308 thousand, compared to RMB 26,166,700 thousand in the previous year, indicating a growth of around 87%[6]. - The total liabilities of the group were RMB 30,293,602,000, with segment liabilities for lithium metal and lithium resources at RMB 18,722,422,000 and RMB 10,585,886,000 respectively[21]. Revenue Segmentation - The revenue from lithium compounds and lithium metal segments accounted for the majority of the total revenue, with RMB 34,212,718,000 and RMB 6,397,699,000 respectively in 2022[30]. - External customer revenue for lithium compounds was RMB 34,885,846 thousand in 2022, compared to RMB 9,025,796 thousand in 2021, indicating an increase of about 287%[32][33]. - Revenue from the mainland China market surged to RMB 27,146,039,000 in 2022, compared to RMB 8,367,451,000 in 2021, indicating a growth of approximately 225%[26]. Expenses and Costs - The cost of sales and services for 2022 was RMB 21,006,180 thousand, significantly higher than RMB 6,685,938 thousand in 2021, indicating an increase of approximately 214%[41]. - Research and development expenses for the year totaled RMB 1,007,487 thousand, up from RMB 338,524 thousand in 2021, reflecting a growth of approximately 197%[46]. - Administrative expenses surged to RMB 1,999,705 thousand, reflecting a 138.0% increase, mainly due to higher employee benefits and stock incentive costs[142]. Cash Flow and Financing - The company reported a significant increase in cash and cash equivalents, totaling RMB 9,073,017 thousand, compared to RMB 5,233,611 thousand in 2021[4]. - Operating cash flow increased dramatically to RMB 12,490,633 thousand, a rise of 376.7%, driven by higher cash receipts from sales[148]. - The total financing costs for 2022 were RMB 407,329 thousand, compared to RMB 264,857 thousand in 2021, representing a rise of about 54%[40]. Market and Industry Trends - Global lithium resource supply increased from 170,000 tons LCE in 2017 to 430,000 tons LCE in 2022, with demand rising from 617,000 tons LCE in 2021 to 829,000 tons LCE in 2022[60]. - The price of 5%-6% lithium spodumene in China reached approximately USD 5,960-5,980 per ton as of February 2023, a 132%-134% increase from early 2022 prices of USD 2,550-2,570 per ton[61]. - The cumulative sales of new energy vehicles in China reached 6.858 million units in 2022, representing a year-on-year growth of 93.4%[76]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic acquisitions and technological advancements[59]. - The company is actively exploring further acquisition of global upstream lithium resources to ensure long-term stable development[115]. Stock Options and Incentives - The company adopted a Restricted Share Unit Plan to allow employees to hold H-shares and provide incentives, with a total number of H-shares not exceeding 3% of the total issued H-shares as of the grant date[172]. - The 2021 Stock Option Incentive Plan was approved, with a total of 15.754 million stock options granted to 404 participants, adjusted from 15.794 million options for 407 participants[174]. - The stock option incentive plan is expected to enhance company performance significantly, outweighing the costs associated with the plan[183]. Corporate Governance and Compliance - The company changed its Chinese name from "Jiangxi Ganfeng Lithium Industry Co., Ltd." to "Jiangxi Ganfeng Lithium Group Co., Ltd." on September 30, 2022[199]. - The English name was also changed from "Ganfeng Lithium Co., Ltd." to "Ganfeng Lithium Group Co., Ltd." effective September 30, 2022[199]. - The amendments to the company's articles of association took effect on the same date, September 30, 2022[199].

Group 1: Company Overview - Jiangxi Ganfeng Lithium Co., Ltd. is the only company globally that utilizes three raw material applications: lithium extraction from ore, brine, and recycling [2] - The main products include lithium metal, lithium materials (industrial and battery grade), lithium carbonate (battery and high purity grade), lithium chloride, butyllithium, and lithium fluoride, totaling over twenty lithium series products [2] - Products are primarily used in new energy, new pharmaceuticals, and new materials sectors [2] Group 2: Product Capacity and Applications - Lithium metal is the company's primary product, accounting for over 40% of both revenue and profit [3] - Current lithium metal production capacity is projected to increase by 500 tons by the end of the year [3] - Lithium carbonate production capacity is currently 4,000 tons, with an expected increase of 6,000 tons after the lithium salt production line is operational [3] - Butyllithium has a production capacity of approximately 500 tons, with 80% of global production occurring abroad [3] - Lithium chloride is primarily used as a raw material for producing lithium metal, with low sales volume and profit contribution [3] - Lithium fluoride has a total production capacity of about 1,500 tons, used mainly in rare earth smelting and ceramics [3] Group 3: Strategic Developments - The company is considering strategic transformation to enter other industries, particularly the polymer battery sector, which is gaining traction [4] - The company holds a 51% stake in the Blackstair lithium spodumene mine in Ireland and an 80% stake in the Mariana lithium-potassium salt lake in Argentina, both of which have high potential economic value [4]

Group 1: Company Overview - Jiangxi Ganfeng Lithium Co., Ltd. is the only company globally that utilizes three raw material applications: lithium extraction from ore, brine, and recycling [2] - Main products include lithium metal, lithium materials (industrial and battery grade), lithium carbonate (battery and high purity), lithium chloride, butyl lithium, and lithium fluoride, totaling over twenty lithium series products [2] - Products are primarily used in new energy, new pharmaceuticals, and new materials sectors [2] Group 2: Product Structure and Capacity - Lithium metal is the main product, accounting for over 40% of both revenue and profit [3] - In 2014, lithium hydroxide and lithium carbonate production was 6,000 tons, with an expected increase of 6,000 tons after the commissioning of a new lithium salt production line [3] - Butyl lithium has a current capacity of approximately 500 tons, mainly used in pharmaceuticals and petrochemicals [3] - Lithium chloride is primarily used as a raw material for producing lithium metal, with low sales volume and revenue contribution [3] - Lithium fluoride has a total capacity of 1,200-1,500 tons, with all products sold externally [3] - Lithium hydroxide production in 2014 was 3,000 tons [3] Group 3: Market and Supply Chain Insights - The main sources of lithium raw materials are brine and spodumene, each accounting for 30%-40% of supply, with recycling materials primarily sourced from SQM and spodumene from Talison [4] - The company holds a 51% stake in the Blackstair spodumene mine in Ireland and an 80% stake in the Mariana lithium-potassium salt lake in Argentina, with cautious investment in further exploration [4] Group 4: Industry Demand and Pricing - The demand for lithium carbonate in the battery industry is expected to grow by around 15% in 2015, with no significant supply increase, leading to a supply-demand imbalance [4] - Lithium carbonate prices have begun to rise steadily, with expectations for further increases in battery-grade lithium carbonate within the year [4] Group 5: Future Development Strategy - The company currently holds a leading market share in its main products and plans to expand its industrial chain by leveraging its existing product base [4] - The Ningu spodumene mine is expected to resume production, with plans to expand to a processing capacity of 50,000 tons of lithium concentrate per year, supplementing the company with an additional 10,000 tons of lithium concentrate [5]