On April 14, news emerged that Qinghai Salt Lake Industry disclosed its preliminary performance report for the first quarter of 2026. In Q1 2026, the company achieved operating revenue of 6.432 billion yuan, a year-on-year increase of 94.89%; net profit was 2.939 billion yuan, a year-on-year increase of 147.44%. During the reporting period, the company's potassium chloride production was approximately 877,300 tons, with sales of approximately 1.3297 million tons; lithium carbonate production was approximately 19,500 tons, with sales of approximately 16,800 tons. Driven by year-on-year increases in sales volume and prices, the profitability of the potassium chloride segment grew significantly.

[Qinghai Salt Lake Industry (000792.SZ): The 40,000-mt Project This Year Will Produce 3,000 mt of Lithium Carbonate] Today, Qinghai Salt Lake Industry publicly stated that with the strong support of Minmetals and China Salt Lake, the newly constructed 40,000-mt lithium chemical project has comprehensively strengthened the management and control of construction progress, continuously innovating in construction management and technical methods. All employees of the company have worked together, actively allocating resources from various parties, and strictly controlling project safety, quality, and progress with a high sense of responsibility. Everyone is racing against time to accelerate the project construction process. According to the plan, the 40,000-mt project this year will produce 3,000 mt of lithium carbonate. We will also go all out to strive for further breakthroughs in production.

Since the launch of the "100-Day Integration and Renewal Initiative," Qinghai Salt Lake Magnesium Industry Co., Ltd. (hereinafter referred to as "Salt Lake Magnesium") has dedicated its efforts to the research, application, and key technology breakthroughs in the anhydrous magnesium chloride electrolysis project in salt lakes. Guided by the strategy of "breaking through ideological barriers to achieve developmental breakthroughs," the company has focused on technological bottlenecks and production targets, successfully overcoming multiple core challenges. The project's key indicators have comprehensively surpassed contractual agreements, laying a solid foundation for the efficient utilization of magnesium resources in salt lakes. The melting and purification system has operated continuously and stably. Since the melting and purification furnace of the project entered normal production on January 4, it has operated continuously and stably for 118 days, producing a cumulative total of 1,260.8 mt of qualified magnesium chloride melt. The recovery rate of magnesium chloride reached 99.12%, with magnesium oxide content steadily controlled below 0.06%. This marks the successful construction of the melting and purification system, laying a solid foundation for the subsequent stable production of electrolytic cells. The electrolysis system has achieved remarkable innovative results. After nearly a year of collaborative transformation, the project's electrolysis system's 4# multipolar cell was initiated on February 6, maintaining a continuous current of 170 kA. As of April 30, the 4# electrolytic cell had been in operation for 80 days, producing a total of 292.705 mt of magnesium liquid, with an average daily production of approximately 4 mt. The purity of the magnesium liquid has remained steadily above 99.95%, reaching a peak of 99.97%. The direct current consumption per ton of magnesium has been reduced to a minimum of 10,402.6 kWh. A cumulative total of 265 mt of magnesium ingots have been cast, successfully addressing the issue of excessive nickel content. The supporting systems have achieved collaborative breakthroughs. Currently, the project's chlorine gas purification system is operating stably, with the chlorine gas concentration at the electrolytic cell outlet maintained between 96% and 99%. The concentration of chlorine gas input to the PVC plant remains stable above 95%, achieving an initial chlorine balance and effectively reducing magnesium production costs. The research and application project on key technologies for anhydrous magnesium chloride electrolysis in salt lakes has completed the construction content stipulated in the contract, with all project test technical indicators surpassing the contractual requirements. Next, Salt Lake Magnesium, under the guidance and support of the technology department of the group company, will fully leverage the integrated advantages of Minmetals' entire industry chain. Combining the results of pilot tests, the company will systematically conduct techno-economic analysis and engineering design, jointly formulate an implementation plan for technology transfer and industrialization, and promote the rapid transformation of scientific research achievements into large-scale production. By empowering industrial innovation through technological innovation, the company aims to achieve the integrated development of technological and industrial innovation, contributing to the construction of a world-class salt lake industrial base.

At the CLNB 2025 (10th) New Energy Industry Chain Expo - Battery Auxiliary Materials Forum hosted by SMM Information & Technology Co., Ltd. (SMM), Li Wu, a second-level researcher and doctoral supervisor at the Qinghai Salt Lake Institute of the Chinese Academy of Sciences, shared insights on the topic "Prospects of Composite Copper Foil Preparation Technology and Its Application Advantages in Lithium Batteries."

On April 16, the 2025 (10th) New Energy Industry Expo, hosted by SMM Information & Technology Co., Ltd. (SMM), was grandly held at Halls F3-G3 of the Suzhou International Expo Center in Jiangsu, from April 16-18.

Hosted by Shanghai Metals Market (SMM), CLNB 2025 (10th) New Energy Industry Expo will be held from April 16 to 18, 2025 at Suzhou International Expo Center . During the exhibition, 1 main forum and 11 sub-forums will be held, with government leaders, academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering, domestic and overseas scientists, foreign guests from dozens of countries, and leading entrepreneurs from various industries attending the event! Witness the gathering of industry leaders, discuss core technologies, listen to experts' insights, interpret market trends, and gather in Suzhou to focus on key issues, inviting you to jointly explore industrial development. This expo covers 6 major exhibition areas , with 1,300+ domestic and overseas exhibiting and participating companies showcasing the entire industry chain of batteries, including power batteries, consumer batteries, ESS, raw materials, materials, equipment, battery recycling, as well as NEVs, power tools, electric drives, and the low-altitude economy in the power exhibition area, providing you with a one-stop exhibition experience. Click to fill out the registration form and register immediately to join industry elites in discussing the future development of the new energy industry. We look forward to your arrival and to opening this feast of the new energy industry with SMM. At this New Energy Industry Expo , Sichuan Wanbang Shenghui New Energy Technology Co., Ltd. and Qinghai Salt Lake Industry Co., Ltd. will make a grand appearance, collaborating with peers in the new energy industry to share development opportunities and jointly outline a bright future for new energy. Sichuan Wanbang Shenghui New Energy Technology Co., Ltd. Qinghai Salt Lake Industry Co., Ltd. Booth Number: F14 We sincerely invite you to visit the CLNB 2025 New Energy Industry Expo About • Wanbang New Energy Pioneer of Solid-State Battery Entire Industry Chain Products Sichuan Wanbang Shenghui New Energy Technology Co., Ltd. has long been engaged in the R&D and production of new energy materials across the entire industry chain, from laboratory verification, pilot testing, and demonstration factory construction, developing a series of low-cost, high-energy-density, high-safety solid-state lithium battery products and solutions. The company's vision is to become a global leader in the energy materials field, reshaping the energy storage landscape with卓越 innovation and accelerating the world towards an efficient, clean, and sustainable future. The company's mission is to focus on the R&D and innovation of new energy materials, enhancing material performance and reducing costs with卓越 technology, accelerating the application and普及 of new materials in energy end-users, providing efficient, safe, and environmentally friendly energy solutions for various industries, and driving global energy transformation. As a pioneer in the industrialization of solid-state battery materials, the company focuses on optimizing the synthesis process of sulfide solid electrolytes, modifying high-nickel cathode materials, and improving the performance of lithium-magnesium-based alloy anodes. Currently, products such as lithium sulfide, lithium oxide, NCM9055, NM6535, lithium-magnesium-aluminum, lithium-magnesium-silicon, and lithium-magnesium-tin have achieved mass production. The company is systematically advancing the pilot verification and demonstration production line construction of key materials for solid-state batteries, facilitating the industrialization of solid-state batteries. Product Introduction High-Nickel Ternary Cathode Material NCM9055 High-capacity, high-stability high-nickel ternary cathode material NCM9055: First-cycle discharge capacity ≥229 mAh/g at 0.05 C, first-cycle Coulomb efficiency ≥93%, capacity retention rate ≥93.2% after 1,000 cycles at 1C and 25°C. Lithium-Rich Manganese-Based Cathode Material NM6535 High-capacity, high-stability lithium-rich manganese-based cathode material NM6535: First-cycle discharge capacity ≥220 mAh/g at 0.05 C, first-cycle Coulomb efficiency ≥92%, capacity retention rate ≥80% after 1,000 cycles at 1C and 25°C, compaction density ≥3g/cm3, discharge decay ≤0.15mV/week. Li-Mg-x Alloy · Battery Anode Using gas-phase co-condensation to prepare LiMgAl, LiMgSi, LiMgSn alloy strips with thicknesses of 20-200um, which can be used as lithium battery anode materials to enhance the mechanical strength of the anode and mitigate lithium dendrite growth during long-term cycling. Lithium Sulfide Li 2 S For sulfide solid electrolytes, the company has developed high-purity lithium sulfide with a particle size d50~2.1um and purity up to 99.98%, reducing costs by more than 50% compared to traditional processes, suitable for large-scale production. Collaboration Overview of Salt Lake Industry and Sichuan Wanbang Currently, metal lithium and alloys are mainly produced using mature molten salt electrolysis methods, while thermal reduction methods for producing metal lithium are still in the laboratory research stage domestically and overseas. Wanbang New Energy has successfully produced various magnesium-lithium alloys in the laboratory using metal thermal reduction and gas-phase co-condensation technologies. In line with the technological development needs of Salt Lake Industry, using industrial-grade lithium carbonate from Qarhan Salt Lake as raw material, the two companies are jointly developing a 50 mt/year metal lithium or magnesium-lithium/lithium-magnesium alloy engineering demonstration line using "vacuum thermal reduction" and "gas-phase co-condensation" patented technologies. Contact Information Contact: Qianyu Fu Phone: 028-38163825 Email: dianamarketing@wanbang.xin 【CLNB 2025—Hot Registration】 CLNB 2025 (10th) New Energy Industry Expo April 16-18, 2025 Suzhou International Expo Center

Qinghai Salt Lake Telimagne Co., Ltd. (hereinafter referred to as "Telimagne Company"), as the core of the new materials sector of Qinghai Salt Lake Industry Co., Ltd. (hereinafter referred to as "Salt Lake Co., Ltd."), takes "green intelligent manufacturing" as its strategic fulcrum, deeply integrating and driving the realization of the "dual carbon" goals. Through technological innovation, market expansion, and industry chain collaboration, Telimagne Company systematically advances its high-quality development plan for 2025. Currently, it has completed the sales of 210,000 automotive parts and ESS casings, with a significant year-on-year increase in revenue, achieving a "good start" in Q1, further solidifying the foundation for the efficient development of Salt Lake Co., Ltd.'s magnesium resources. Driven by large-scale orders, the company transforms resource value. Facing the opportunities of lightweight development in the NEV sector and the explosive growth of the ESS industry, Telimagne Company actively connects upstream and downstream resources, building an integrated platform of "R&D - pilot production - mass production," forming a full-process production line including die-casting, surface treatment, machining, and powder coating. It precisely targets customer groups in the automotive, communication, and renewable energy storage sectors, developing clients such as BYD, Beijing Automotive, Chery, Quanfeng Automotive, and JAC, focusing on orders for NEV powertrains and auto body structural components. Additionally, leveraging the regional advantages of the "Nanjing Economic Circle," Telimagne Company has opened new markets in the military sector, reaching new product development cooperation intentions with domestic radar R&D units, aiming to obtain the National Military Standard Quality Management System Certification by 2025, actively exploring new clients in the electronics and aerospace fields, further broadening its industrial layout, and promoting diversified market development. Through technological innovation, the company breaks new ground in resource development. Telimagne Company closely follows the core direction of "extending, supplementing, and strengthening the magnesium industry chain of Salt Lake Co., Ltd.," vigorously promoting the R&D of magnesium-based solid-state hydrogen storage materials and the market expansion of magnesium alloy sheets and profiles, and has completed the design and development of hydrogen storage materials and the construction of a pilot production line for the magnesium-based solid-state hydrogen storage project. The completion of this project marks a strategic leap in Salt Lake Co., Ltd.'s magnesium resource development from traditional structural materials to energy materials, showcasing the unique advantages of Salt Lake Co., Ltd.'s magnesium industry in the green hydrogen storage sector, and promoting the transformation of resource development from "consumptive" to "circular." Meanwhile, relying on the abundant magnesium resources in the Qinghai Salt Lake region, Telimagne Company is gradually forming a complete industry chain of "primary magnesium production - magnesium alloy smelting - magnesium alloy deep processing." Currently, Telimagne Company has completed the delivery of samples to end-user clients such as HP, Lenovo, and Tsinghua Tongfang, and it is expected that in H1, the products will be widely applied in the 3C electronics industry, NEVs, and communication equipment, with a capacity reaching 20 mt/month. As the core of the chain, the company activates the resource collaboration network. Telimagne Company thoroughly implements Minmetals' resource development strategy of "turning resources into materials, materials into products, and products into production lines," taking proactive measures in building and extending the chain, using deep integration of industry, academia, and research as the engine, jointly developing new-type high-performance magnesium alloy sheets, profiles, and magnesium-based hydrogen storage and ESS materials with domestic research institutes and universities. At the same time, to effectively play the "chain core" role in the construction of Salt Lake Co., Ltd.'s magnesium-based new materials industry chain, Telimagne Company plans to build a magnesium alloy smelting project, complementing key links in the upstream and downstream of the industry chain, strengthening collaborative innovation and intensive resource utilization, effectively reducing comprehensive costs, enhancing competitive advantages, forming a green, low-carbon, efficient, and sustainable circular economy development model, and accelerating technology transformation and capacity expansion. Gathering strength and striving forward, honing towards the future. As resource development deeply integrates with market demand, technological innovation, and green transformation, Qinghai's magnesium resources are transforming from "Qinghai's magnesium" to "China's magnesium." Standing at a new starting point, Telimagne Company will drive Salt Lake Co., Ltd.'s magnesium industry to ascend with "intelligence," focusing on building a production line for magnesium alloy sheets and profiles and magnesium-based hydrogen storage and ESS materials with core competitiveness. Magnesium Industry Company Business Contact 2025 Magnesium Industry Chain and Magnesium Market Forum Now Open for Registration Please contact: 13162929454 (Lu Jiaxin)

Currently, the price of magnesium metal has continued to pull back and is significantly lower than that of aluminum, making its cost-performance advantage reappear and its functional value prominent. The innovative development achievements of magnesium and magnesium alloys are increasingly growing, and innovative application cases of magnesium alloys are constantly emerging, ushering in new opportunities for expanded applications, especially in areas such as lightweight transportation, intelligent manufacturing, green construction, electronics and telecommunications, solid-state ESS, and medical health. As a lightweight structural and functional material, magnesium metal will play an important role in promoting green, low-carbon, and high-quality development, demonstrating greater potential. At this critical moment and important period, the 2025 Magnesium Industry Chain and Magnesium Market Forum will continue to be held. We will continue to fully leverage the platform's advantages, summarize the experiences of previous events, increase the promotion of this event, enhance the participation of related industry chain enterprises, and strive to achieve greater results. SMM and Shang Magnesium Network sincerely invite you to participate in the 2025 Magnesium Industry Chain and Magnesium Market Forum, which will be held from March 31 to April 2, 2025. Sichuan Wanbang Shenghui New Energy Technology Co., Ltd. will attend this conference in full force. We will keep pace with the times, aim for our goals, work hard, and move forward with courage! Click the registration form to sign up immediately. We look forward to meeting you at the conference. Sichuan Wanbang Shenghui New Energy Technology Co., Ltd. Sichuan Wanbang and Qinghai Salt Lake Industry Co., Ltd. will combine the technological development planning needs of Qinghai Salt Lake Industry Co., Ltd., using Wanbang's proprietary technologies "vacuum thermal reduction" and "gaseous co-condensation," to jointly build a demonstration line with an annual production capacity of 50 mt of lithium metal or magnesium-lithium/lithium-magnesium alloy, using industrial-grade lithium carbonate from the Qarhan Salt Lake as raw material. Introduction to Qinghai Salt Lake Industry Co., Ltd. Qinghai Salt Lake Industry Co., Ltd. (Chinese abbreviation "Yanhu Co., Ltd.", English full name Qinghai Yanhu Industry Co., Ltd., stock code 000792) is a subsidiary of China Minmetals Corporation, located in Golmud City, Qinghai Province. It is currently China's largest potash fertilizer production site, an international credit enterprise, a leading enterprise in China's potash fertilizer manufacturing industry, an AAA-level enterprise in China's corporate image, a national May 1st Labor Medal enterprise, and a key enterprise in the national Qaidam Circular Economy Pilot Zone and a national third batch of innovative enterprises. Starting from a drop of brine, the company adheres to the principle of "potassium-based, comprehensive utilization, and circular economy," and has overcome the world-class challenge of extracting lithium from high magnesium-lithium ratio brine. From a single potash fertilizer to multiple leaps in the fertilizer industry, new materials, and fine chemicals, the company mainly engages in the sales of fertilizers, plastic products, chemical products, mineral washing services, labor services, construction rebar products, petroleum products, hazardous chemicals, fertilizers, coal and coal products, non-edible salt, non-ferrous metal alloy products, electronic materials, electronic material manufacturing, battery manufacturing, and battery sales. Its products are involved in industries such as industry, agriculture, aerospace, building materials, and medicine. In the future, it will focus on building China's largest potash industrial base and China's lithium new energy material base. Introduction to Sichuan Wanbang Shenghui New Energy Technology Co., Ltd. The company's founding team, based on more than 20 years of technical accumulation in the lithium, nickel, and cobalt industries, is committed to basic research and application development of lithium-based materials. In the past three years, the company has invested nearly 200 million yuan in R&D, establishing a lithium-based advanced materials engineering and scientific research center, a new energy and new materials pilot test line, and a detection and analysis center. It has achieved technology transfer income of over 200 million yuan, investment income of 1 billion yuan, and obtained 20 patent authorizations. It has been recognized as a "high-tech enterprise," a "Sichuan Province specialized and sophisticated SME," a "Sichuan Province Enterprise Technology Center," a "Meishan City Lithium-based Materials Engineering Technology Research Center," and a "Meishan City Enterprise Technology Center." In 2021, it was rated as one of the "Top Ten Major Scientific and Technological Achievements Transformation Projects" at the first Sichuan Science and Technology Innovation Conference, and in 2022, it was awarded the "Excellent Award" at the National Disruptive Technology Innovation Competition by the Ministry of Science and Technology. Magnesium Industry Company Business Connection The 2025 Magnesium Industry Chain and Magnesium Market Forum is now open for registration. Please contact: 13162929454 (Lu Jiaxin).

[Salt Lake Industry "Aircraft Carrier" Officially Unveiled, Previously Took Over Publicly Listed Firm with Market Value of 88 Billion] ① On February 8, the unveiling ceremony of China Salt Lake was held in Qinghai Province; on December 27, 2024, China Salt Lake had completed the takeover of Salt Lake Co. ② China Salt Lake currently has an annual capacity of 5.3 million mt of potash fertilizer, 58,000 mt of lithium chemicals, and 1 million mt of salt lake chemical products. (Sci-Tech Innovation Board Daily)

[Jiuwu High-Tech: Won a Bidding Project Worth 196 Million Yuan] Jiuwu High-Tech announced that the company recently received the "Letter of Acceptance" from Sinochem Business Co., Ltd. on behalf of Qinghai Salt Lake Industry Co., Ltd., confirming the company as the successful bidder for the "first bid section of aluminum-based adsorbent for lithium extraction device in the 40,000 tons/year integrated project of basic lithium salt", with a bidding amount of 196 million yuan, accounting for 25.84% of the company's audited revenue in the previous year.