SD Lomon(SZ:002312)2024-07-22 06:28Company Overview - Sichuan Development Longmang Co., Ltd. introduced its business operations, strategic planning, and core advantages during the investor relations activity [2]. New Energy Materials Development - The company is accelerating the upgrade of lithium iron phosphate and other new energy materials to meet market demands by introducing a core technology team led by Professor Hu Guorong [2][3]. - The team includes several experts with extensive experience in technology research and production management, supported by the Central South University technology platform [2]. Phosphate Resource Management - The company adheres to a mineralization integrated development model, with phosphate resources totaling approximately 130 million tons across various locations [3]. - The mining design capacity for Tianrui Mining is 2.5 million tons/year, with an estimated production of 1.2 million tons in 2023; Baizhu Phosphate has a design capacity of 1 million tons/year, producing 700,000 tons in 2023 [3]. - The company aims to increase production to 1.3 million tons and 800,000 tons for Tianrui and Baizhu respectively by the end of 2024 [3]. Market Insights - As of July 17, 2024, the average market price for industrial-grade monoammonium phosphate was 6,092 yuan/ton, reflecting a 73% increase compared to the previous year due to low inventory and rising demand [3][4]. - Phosphate rock prices are expected to rise due to limited new supply and increasing demand driven by geopolitical factors and food security concerns [4]. Financial Performance - In 2023, the company achieved a total revenue of 7.708 billion yuan, with the phosphate chemical segment contributing 6.505 billion yuan [4]. - The breakdown of revenue includes 1.795 billion yuan from industrial-grade monoammonium phosphate, 861 million yuan from feed-grade dicalcium phosphate, and 3.849 billion yuan from fertilizer products [4]. - The total production of phosphate chemical products in 2023 was 2.0294 million tons, with specific outputs of 344,300 tons for industrial-grade monoammonium phosphate and 351,200 tons for feed-grade dicalcium phosphate [4].