On August 10, * ST Salt Lake (000792. SZ), which has been suspended for more than one year, will resume listing on the Shenzhen Stock Exchange. There is no limit on the rise and fall on the day of resumption of listing. From the next trading day (i.e. August 11), the trading rise and fall will be changed from 5% to 10%.
It is reported that * ST Salt Lake’s main business includes the production and sales of potassium chloride and the comprehensive utilization of salt lake resources, which is known as the “king of potassium fertilizer”. Prior to delisting due to huge losses, the company has changed from loss to profit since last year. According to the performance forecast released by the company on July 7, 2021, the company expects to achieve a net profit of 2-2.2 billion yuan in the first half of the year, with a year-on-year increase of 44.69% – 59.15%.
Market analysts said: as a leading enterprise in salt lake lithium extraction, its listing has a certain emotional boost to the current upsurge of lithium batteries and the concept of salt lake lithium extraction. However, the current lithium battery track has been hyped for many days, with high valuation, and the track congestion phenomenon is recognized by more and more investors. On the evening of August 8, five lithium battery track companies, including chuanneng power, jiangte motor, Cangzhou pearl, GuoXuan high tech and China Bao’an, collectively warned of risks.
Reprint indicated source：Spark Global Limited information