2023-08-31 14:13Financial Performance - The company's debt-to-asset ratio is approximately 28.61%, indicating a safe and healthy level of financial leverage [4] - In the first half of 2023, the company achieved a net profit of approximately 64.52 billion RMB, with a year-on-year decrease primarily due to lower sales prices of lithium chemical products [8] - The company reported an investment income of about 19.99 billion RMB from SQM in the first half of 2023 [6] Production and Resources - The company has a lithium resource self-sufficiency rate of 26%, with a claim of being the only Chinese producer achieving 100% self-sufficiency through stable lithium concentrate supply [4] - The Greenbushes mine, owned by the company's subsidiary, has the lowest production costs for chemical-grade lithium concentrate, providing a strong resource base for lithium compound processing [4] - In the first half of 2023, the company produced approximately 750,000 tons of lithium concentrate [12] Market Position and Strategy - The company’s sales revenue increased significantly due to higher sales of lithium concentrate, with the Greenbushes mine accounting for 41% of global lithium production in 2022 [6] - The company is actively pursuing the restart of the Zuo La lithium mine project to enhance resource security and stabilize the supply chain for lithium chemical products [6] - The company plans to apply for a designated delivery warehouse for lithium carbonate at the Guangzhou Futures Exchange to enhance market competitiveness [10] Future Outlook - The company expresses confidence in the long-term development of the lithium industry, anticipating continued growth driven by demand from the electric vehicle and energy storage sectors [11] - The company is exploring new investment opportunities in lithium resources and projects, focusing on economic viability and compliance with ESG standards [15] - The company is committed to maintaining a sustainable dividend policy, considering various factors such as operational conditions and capital expenditure [12]