On August 28th, Ganfeng Lithium issued an announcement announcing that the subscription of 14,389,484 new shares (1% equity) of Minera Exar through its wholly-owned subsidiary, Ganfeng Netherlands, with its own funds of US$16,326,531, has recently completed the payment of the consideration and the equity of the equity transaction. Delivery work. Dutch Ganfeng increased its stake in Minera Exar from 50% to 51%, realizing the holding and consolidation of the company. After the completion of this transaction, Ganfeng Lithium will obtain most of the management committee and board of directors seats, and will further promote the construction of the Cauchari-Olaroz salt lake project under Minera Exar.
Koala introduced the background of the project in the article "Ganfeng Lithium Holdings Argentina Salt Lake Project Under Construction, Hong Kong Stock Buyer Zhuque Investment" on February 9 this year. Minera Exar is the project company of Cauchari-Olaroz lithium salt lake in Argentina. The project has resources (Measured+Indicated) of 19.85 million tons of lithium carbonate equivalent, which can support an annual output of more than 40,000 tons of battery-grade lithium carbonate and last for 40 years. The first phase is designed to produce 25,000 tons of battery-grade lithium carbonate. Construction will start in 2018. It is planned to be completed by the end of 2020 and put into production in 2021.
Steady half-year operating performance
The semi-annual report released on the same day on the 28th showed that during the reporting period, Ganfeng Lithium's listed company achieved operating income of 2.387 billion yuan, down 15.43% from the same period last year; net profit attributable to shareholders of the listed company was 156 million yuan, compared with the same period last year A decrease of 47.10%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 174 million yuan, a decrease of 54.28% over the same period last year. At the end of the reporting period, the company's total assets were 16.011 billion yuan, an increase of 12.65% over the end of the previous year; net assets attributable to shareholders of listed companies were 8.246 billion yuan, a decrease of 1.31% over the end of the previous year.
Although various operating indicators have declined significantly year-on-year due to factors such as the epidemic, listed companies still maintained a relatively stable operating cash flow (190 million yuan, basically the same year-on-year).
