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reporter of china business network: xu shuai editor of china business network: dong xingsheng

this weekend, a major event happened in china's lithium industry.salt lake shares(000792.sz, share price 14.72 yuan, market value 79.972 billion yuan)the actual controller was changed to china minmetals, and china's salt lake "aircraft carrier" was officially established.

on september 8, the salt lake company announced that in order to accelerate the construction of a world-class salt lake industrial base and build a world-class salt lake industrial group, the company's actual controller, the state-owned assets supervision and administration commission of the qinghai provincial government, the controlling shareholder qinghai state investment and china minmetals plan to jointly establish the china salt lake group. the registered capital of china salt lake group is 10 billion yuan, and the equity structure is planned to be: china minmetals holds 53.00%; the state-owned assets supervision and administration commission of the qinghai provincial government holds 18.73%; and qinghai state investment holds 28.27%. at the same time, china salt lake group plans to pay cash to purchase 681 million shares of the company held by qinghai state investment and its concerted party wuhu xinzeqing.

after the completion of this equity change, qinghai state investment and its joint actor wuhu xinzeqing will no longer directly hold shares in the company. china salt lake group will directly hold 681 million shares of the company (accounting for 12.54% of the company's current total share capital). the company's controlling shareholder will be changed from qinghai state investment to china salt lake group, and the actual controller will be changed from the state-owned assets supervision and administration commission of qinghai provincial government to china minmetals.

it is worth mentioning that the transaction amount involved in this transfer of control is as high as 13.558 billion yuan.

as early as april 18, salt lake co., ltd. disclosed an announcement stating that the company's controlling shareholder is planning to carry out strategic cooperation in the salt lake industry with china minmetals corporation, and the two parties will jointly build a world-class salt lake industry base.

at the end of 2022, the people's government of qinghai province issued a document stating that it would speed up the establishment of china salt lake group, mentioning the introduction of large central enterprises and the integration of related enterprises. according to the timetable mentioned at the time, the completion deadline for the establishment of china salt lake group is december 2023, and the responsible units are the state-owned assets supervision and administration commission of the qinghai provincial government and the qinghai provincial department of industry and information technology.

at the end of 2021, the people's government of qinghai province issued the "action plan for qinghai to build a world-class salt lake industrial base (2021-2035)". it mentioned phased goals. by 2025, the output value of the salt lake industry will exceed 34 billion yuan, and the construction of a world-class salt lake industrial base will begin to show results. by 2030, 2 to 3 leading enterprises with sales revenue exceeding 10 billion yuan will be cultivated, the output value of the salt lake industry will reach 70 billion yuan, and the construction of a world-class salt lake industrial base will take shape. by 2035, the output value of the salt lake industry will reach 120 billion yuan, and the world-class salt lake industrial base will be basically completed.

in addition, china minmetals has been deeply involved in the qinghai salt lake industry for a long time. china minmetals' subsidiary, minmetals salt lake co., ltd., was established in september 2009, and its production plant is located in the yiliping salt lake in the middle of the qaidam basin. at present, a 10,000-ton/year lithium carbonate project and a 300,000-ton/year potassium chloride project have been completed and put into operation. the main products include battery-grade lithium carbonate, potassium chloride, lithium phosphate, etc. among them, the output scale of lithium carbonate ranks second among domestic salt lakes, and the output scale of potassium chloride has reached the second echelon in china.

data shows that salt lake has an annual potash fertilizer production capacity of 5 million tons, ranking fourth in the world and accounting for about 35% of the domestic market; it has an annual lithium carbonate production capacity of 40,000 tons, accounting for about 8% of the country. however, in the first half of this year, due to the decline in the market prices of potassium chloride and lithium carbonate products, the company's performance declined compared with the same period last year.

since april, there has been no significant change in the share price of salt lake co., ltd.

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