On the evening of March 30, Salt Lake Co., Ltd. released its 2020 annual report. During the reporting period, the company achieved a revenue of 14.016 billion yuan and a net profit of 2.040 billion yuan attributable to shareholders of listed companies, a year-on-year increase of 104.45%.

As of the end of the reporting period, the company's net assets were 4.119 billion yuan. All key indicators of the company have turned positive, and the ability to continue operations has been fully restored. According to the Shenzhen Stock Exchange's stock listing rules, Salt Lake's risk warning can be removed after the audited net profit of the most recent fiscal year turns positive, and an application for listing resumption can be submitted to the Shenzhen Stock Exchange.

The main reason for the substantial increase in the net profit of Salt Lake is that the "potash fertilizer + lithium salt" dual business is working together, especially the lithium carbonate business continues to usher in positive results.