Keda's lithium carbonate manufacturing business performance

Kodak Manufacturing made a strategic investment in Lanco Lithium in 2017 and holds a 48.58% stake in it. Lanco Lithium is an important company in China's salt lake lithium extraction, with an annual lithium carbonate production capacity of 40,000 tons. In 2022, Lanco Lithium contributed 73.9% of Kodak Manufacturing's net profit, and in 2023, the proportion exceeded 50%, reaching 55.3%. In 2023, Lanco Lithium's lithium carbonate sales volume was 38,200 tons, with an average price of 165,800 yuan per ton. The price may fall further in 2024.