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The performance increase is expected to increase by 5.5 times, slightly exceeding expectations: The company announced a quarterly report on April 26th that it expects a range of 430% to 460% increase in net profit attributable to the parent company from January to June. The main reason for the increase in performance in this forecast is the strong demand for new energy vehicles in the downstream of Yiyi. The company's sales of electrolytes continue to rise, and sales revenue and profit scale have risen better than expected. At present, the company's electrolyte production exceeds 20000 tons, and the company has the ability to produce lithium hexafluorophosphate by itself. The production process of lithium hexafluorophosphate is mature, and the 6000t/a liquid lithium hexafluorophosphate (equivalent to 2000t/a solid lithium hexafluorophosphate) currently under construction is expected to be completed and put into operation by the end of this year. The newly built 2000t/a solid lithium hexafluorophosphate will be completed and put into operation by the end of next year, and the company will form a total of 6000 tons/year of solid lithium hexafluorophosphate production by the end of 2017, It can meet the production demand of 48000 tons/year of electrolyte. In addition, the prices of raw materials in the upstream of Yiji II have decreased periodically, the market size of personal care materials has steadily increased, and the product profitability is expected to be good; The participating subsidiary Jiangsu Ronghui General Lithium Industry Co., Ltd. achieved a second expected profit, which thickened the company's performance.

Connect the upstream, improve the downstream, and create the core value chain of electrolyte: Jiujiang Ronghui Lithium, jointly established by Jiujiang Tianci and Jiangsu Ronghui Lithium, will produce upstream products of electrolyte, lithium carbonate and lithium hydroxide, which ensures the stable supply of upstream raw materials for the company's products and hedges the risk of industry monopoly for upstream lithium resource companies. In terms of electrolytes, on the basis of existing projects, the company has raised funds to invest in the construction of a 2300t/a new lithium salt project, including 2000t/a bis (fluorosulfonyl) imine lithium (LiFSI), 150t/a lithium perfluorophosphate (LiPF2), and 150t/a lithium 4,5-perfluorocyano-2-trifluoromethylimidazole (LiTDI). These new electrolytes and electrolyte additives have excellent performance compared to traditional lithium hexafluorophosphate, and these products have been laid out in advance, The core competitive advantage of the company's electrolyte series products has been enhanced, and the added value of the company's electrolyte has been added, creating a core value chain for the electrolyte.

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