Suyanjing Shensodium ion battery-grade soda ash project has been completed and put into operation

On the evening of September 20th, Suyan Jingshen (603299) said at the 2024 semi-annual performance presentation meeting that the company's sodium ion battery-grade soda ash project has been completed and put into production to produce high-quality products that meet the market demand. The company also said that due to the continuous decline in the price of lithium carbonate, the cost advantage of sodium phase compared with lithium electricity has been weakened, but the development direction of complementary advantages of sodium batteries has not changed fundamentally with the upgrading of new energy technologies in the future. At present, the company is maintaining positive communication and interaction with a number of potential users of battery-grade soda ash, and will strive to seize the opportunity to seize the future market.

Suyanjing God is mainly engaged in the mining of salt mines and the production and sale of salt and salt chemical products. The company has previously said that in the future, the company will continue to grasp the development of salt resources and the utilization of salt cavities on the other, and firmly promote the construction of major projects such as Zhangxing gas storage. build "Salt +" in an all-round wayEnergy storageThe new pattern of industrial development. At present, the company is in the forefront of the national salt industry in terms of asset scale, production capacity, technological innovation, management quality and efficiency. According to the semi-annual report, the company's operating income in the first half of 2024 was about 2.827 billion yuan, down 2.58 percent from the same period last year; the net profit belonging to shareholders of listed companies was about 481 million yuan, an increase of 18.92 percent over the same period last year.

The person in charge of Suyan Jingshen said that he persisted in building "salt +".Energy storage"the new pattern of industry is stillSuyan JingshenThe first priority to promote the high-quality development of enterprises. For this reason, the company attaches great importance to the project, and the high-quality modern industrial system is gradually taking shape.

Among them, the Zhangxing gas storage construction project promoted by the company has attracted much attention from the market. In response to investors' questions this time, the company said that the second phase of the Zhangxing gas storage project was successfully put into operation, and the daily gas injection capacity jumped to 1 million cubic meters, indicating that the company's independently developed one-injection-one-row connected well technology has officially entered the stage of industrialization and large-scale development. The company strives to achieve the gas injection target of 68 million cubic meters by the end of the year and is expected to complete the first phase of all projects in July 2025, injecting new momentum into the company's transformation, upgrading and high-quality development and creating new profit growth points.

It is worth mentioning that Suyan Jing God has further accelerated the pace of capital operation around building a circular economy industrial chain.Energy storagePhased results have been achieved in equity investment in areas such as salt and chemical industry. In December 2023, respectivelyJiangsu XinengJiangsu Land Reclamation Group and Jiangsu Coastal Group jointly invest in the establishment of provincial subsidiaries.New energy sourcesPlatform company-Xineng Investment Company, for intensive and large-scale developmentNew energy sourcesResources; established in January 2024 with Jiangsu Guoxin Group Co., Ltd., Huaian Industrial Investment Co., Ltd.Jiangsu GuoxinSuyan (Huaian) Energy Storage Power Generation Co., Ltd., officially entered the field of compressed gas energy storage power generation, 500MW salt cave pressure gas energy storage project has started construction. At present, the Jiangsu Provincial Development and Reform Commission has listed Suyan Jingshen gas storage and cavity-making brine absorption project, Guoxin Suyan compressed air energy storage and other projects in 2024 in Jiangsu Province. So far, Suyan Jingshen has initially constructed a salt + ecological industrial system which is based on salt, saline-alkali calcium circular economy and solution cavity oil and gas reserve economy.

Suyan Jingshen also said that the connected well production technology independently developed and patented by the company is the first in China and has been used in the Zhangxing gas storage project and the 600MW compressed gas energy storage project. The follow-up company will continue to strengthen the comprehensive utilization and development of salt caves, cultivate strategic emerging industries, enhance the company's profitability, and strive to create good returns for shareholders.