Core Viewpoint - Jiangte Electric (002176) has reported a significant floating loss exceeding 10% of its audited net profit from the previous year, amounting to over 10 million yuan, due to short-selling lithium carbonate futures amid rising prices in the commodity market [4][6]. Group 1: Financial Impact - The company's trading in commodity futures and derivatives has resulted in confirmed losses and floating losses that exceed 10% of its net profit, which is over 10 million yuan [4]. - Jiangte Electric's net profit has been in decline for two consecutive years, with reported losses of 396.91 million yuan in 2023 and 319.18 million yuan in 2024 [14]. - The company's revenue has also decreased significantly, from 2.8 billion yuan in 2023 to 2.1 billion yuan in 2024, representing a decline of 24.86% [14]. Group 2: Business Operations - Jiangte Electric engages in commodity futures and derivatives trading to mitigate operational risks associated with price fluctuations of raw materials and products [10]. - The company has been involved in trading lithium carbonate, soda ash, and copper, with the primary cause of losses attributed to the recent surge in lithium carbonate futures prices [6][10]. - The average price of battery-grade lithium carbonate rose from 92,400 yuan per ton a month ago to 116,300 yuan per ton recently, marking an increase of over 8% [10]. Group 3: Resource Management - Jiangte Electric holds multiple mining rights in the Yichun area, with proven lithium resource reserves exceeding 100 million tons [16]. - The company is currently contesting the potential cancellation of its mining rights for the Shiziling lithium ceramic stone mine and is preparing for the production of the Qian坑 lithium mine [17].

8月21日晚，江特电机（002176.SZ，股价8.99元，市值153.4亿元）披露2025年半年度报告，公司上半年 实现营业收入9.75亿元，同比增长35.85%，但归属于上市公司股东的净利润却亏损1.14亿元，大幅扩大 78.24%。 业绩"增收不增利"的背后，锂盐产品价格持续下跌是主因。江特电机作为国内云母提锂龙头企业，报告 期内锂盐产销量显著增加，却难敌价格下行压力。 8月19日，江特电机公告其全资下属公司宜春银锂新能源有限责任公司将于近日正式复工复产，这一消 息发布后，8月20日早盘，碳酸锂期货价格大幅下挫，所有合约全线跌停，日跌幅达8%。 碳酸锂价格在2025年上半年波动剧烈，江特电机全资下属公司宜春银锂新能源有限责任公司的复产消 息，或成为引发新一轮产品价格下跌的导火索。 2025年8月19日晚间，江特电机发布公告称，接到全资下属公司宜春银锂的通知，宜春银锂将于近日正 式复工复产。回溯至7月25日，宜春银锂为进一步提高产线设备的稳定性和运行水平，降低生产成本和 提升综合效益，对全部锂盐生产线进行设备检修，预计检修时间26天左右。 8月20日早盘，碳酸锂期货市场反应激烈，合约全线大幅低开，随后快速 ...