Qinghai Salt Lake Industry Co.LtdLithium resources sector earnings recovery, company profits doubled or grew several dozen times.
Rongjie Shares' first-half net profit attributable to the parent company rose more than tenfold year on year, boosted by higher production and sales of lithium concentrate and a sharp recovery in lithium product prices. The company achieved operating revenue of 1.524 billion yuan, up 402.35 percent year on year. Net profit attributable to the parent company was 1.002 billion yuan, up 1,076.14 percent year on year. Net profit after deducting non-recurring items was 1.004 billion yuan, up 1,269.63 percent year on year. Earnings were concentrated in the second quarter, when net profit attributable to the parent company reached 724 million yuan, contributing more than 70 percent of first-half net profit. The lithium resources sector saw a broad earnings recovery, with more than ten lithium mining and lithium salt companies including Qinghai Salt Lake Industry, Ganfeng Lithium and Tianqi Lithium generally doubling their profits or posting growth of several dozen times.
Qinghai Salt Lake Industry Co.LtdLithium resources sector earnings recovery, company profits doubled or grew several dozen times.
Jiangxi Ganfeng Lithium Co LtdLithium mining and lithium salt companies generally doubled profits or posted growth of several dozen times.
Sichuan Tianqi Lithium Industries IncLithium mining and lithium salt companies generally doubled profits or posted growth of several dozen times.
Youngy Co LtdHigher production and sales of lithium concentrate and sharp recovery in lithium product prices boost earnings.
Jiangxi Special Electric Motor Co Ltd
Yongxing Special Stainless Steel Co Ltd