BATIAN(SZ:002170)2022-11-17 14:32Group 1: Company Overview - Shenzhen Batian Ecological Engineering Co., Ltd. was established in 1989 and listed in 2007, operating in the chemical industry with three main business segments: phosphate mining, phosphate chemicals, and new energy [2] - The company has six production bases located in Beijing, Jiangsu Xuzhou, Guizhou Weng'an, Guangxi Guigang, Guangdong Wengyuan, and Guangdong Shenzhen [2] - The total phosphate ore reserves amount to over 63 million tons, with ongoing construction of the mining site [2][3] Group 2: Production Capacity and Plans - The mining capacity is approximately 1,000 tons per day, expected to increase to 3,000-6,000 tons per day after August [3] - The company has completed the construction of agricultural product production capacity, including compound fertilizers and nitrate fertilizers, with new industrial-grade product capacities under construction [3] - The design capacity for the battery-grade nitric acid facility is 270,000 tons per year, producing nitric acid with a concentration of 68% [3] Group 3: Product Details and Market Strategy - The company aims to produce lithium iron phosphate with an initial capacity of 2,500 tons, assessing the market before expanding production [4] - The cost advantage for producing lithium iron phosphate is estimated at 3,000-4,000 RMB per ton due to in-house production of raw materials [4] - The company plans to increase the production capacity of lithium iron phosphate to 100,000 tons per year by next year [4] Group 4: Financial Performance and Projections - The company expects a slight increase in revenue from phosphate mining sales starting in June, with initial sales volume around several thousand tons [4] - The profitability from phosphate mining and phosphate chemicals is anticipated to be stable, with mining costs around 100 RMB per ton and phosphate monoammonium and phosphoric acid costs estimated at 4,000-5,000 RMB per ton [6] - The revenue growth in the second quarter is attributed to rising fertilizer prices, with a focus on phosphate rock sales in the third quarter and additional sales of phosphate concentrate and phosphate chemicals in the fourth quarter [5]