JIANGTE MOTOR(SZ:002176)2022-11-21 15:44Group 1: Mining and Production Capacity - The company plans to apply for a mining license for the Qian坑 lithium mine, with an expected annual extraction capacity of 3 million tons of raw ore [3]. - The company aims to meet its current annual production capacity of 30,000 tons of lithium carbonate through multiple sources, including the Qian坑 and Lion Ridge mines [3]. - The estimated investment required to achieve the mining capacity from Qian坑 is approximately 800 million yuan [3]. Group 2: Lithium Resource and Production - The Qian坑 mine is expected to yield an equivalent of over 20,000 tons of lithium carbonate annually if the extraction capacity is fully realized [3]. - The company currently has a total lithium salt production capacity of 45,000 tons, which is confirmed to be entirely owned by the company [4]. - The company plans to increase its lithium carbonate production capacity by optimizing existing production lines and integrating external processing facilities [5]. Group 3: Financial and Market Considerations - The cost of producing lithium carbonate has increased due to rising raw material prices, impacting the company's profit margins [5]. - The company anticipates that the price of lithium carbonate will fluctuate based on various factors, including government policies and market demand [6]. - The company does not have long-term contracts for lithium carbonate sales, with prices being determined by market conditions [5]. Group 4: Strategic Developments - The company is considering the introduction of strategic investors and will disclose any related plans in a timely manner [7]. - There is a suggestion to change the company's name to reflect its increased focus on lithium carbonate production, which will be reported to the board [8]. - Ongoing investigations into the company are not expected to affect the progress of the Qian坑 mining application [10].