【私募调研记录】聚鸣投资调研盐湖股份

Group 1 - The company has established a potassium fertilizer production capacity of 5 million tons per year, with the potassium fertilizer subsidiary responsible for approximately 4 million tons per year and other subsidiaries completing 1 million tons per year [1] - The demand for potassium fertilizer is expected to remain stable with an upward trend, and international potassium fertilizer prices have significantly increased [1] - The company is accelerating its overseas potassium fertilizer industry layout to ensure long-term stable supply [1] Group 2 - The company has advanced potassium chloride processing technology, including flotation and dissolution crystallization methods [1] - The core production lines for potassium chloride and lithium carbonate are ramping up capacity, with a new 40,000 tons per year lithium salt integrated project making progress [1] - The project utilizes advanced technology to increase lithium recovery by 25%, reduce freshwater consumption by 47.4%, and decrease overall energy consumption by 50.6% [1] Group 3 - The company is actively exploring diversified shareholder return methods to ensure continuity and stability in profit distribution policies [1] - Through refined management, optimized channels, and reduced labor costs, the company is further lowering production costs [1] - China Minmetals is assisting the company in transforming its identity to a central enterprise, enhancing its core competitiveness [1] Group 4 - The company is deeply aligning with China's salt lake "three-step" development strategy to build a globally influential salt lake industry cluster [1]