Qinghai Salt Lake Industry

What Qinghai Salt Lake Industry does

Qinghai Salt Lake Industry Co., Ltd. (SZSE: 000792) is a Chinese state-owned chemical manufacturer founded in 1997 and headquartered in Qinghai Province, China, with operations vertically integrated from salt lake brine extraction through processing to finished chemical products. The company's core products are potassium chloride (KCl), sold primarily as agricultural fertilizer to domestic Chinese fertilizer manufacturers, and battery-grade lithium carbonate (Li2CO3), sold to Chinese battery producers serving the electric vehicle and energy storage sectors. Through its wholly-owned subsidiary Telimagne Company, the firm has expanded into magnesium-based materials, automotive parts, and energy storage system (ESS) casings, supplying NEV manufacturers including BYD, Chery, and JAC. The company is consolidated under China Salt Lake Industrial Group, a state-led entity established in 2024 to consolidate China's salt lake and mineral resources for the new energy industry.

The business model is sales-led and B2B, with all revenue earned domestically within China through direct transactions with industrial customers across fertilizer manufacturing, battery production, and NEV component supply chains. Pricing follows commodity unit pricing models — potash trades at approximately $400-$445 per tonne globally and battery-grade lithium carbonate at roughly 170,000 yuan per ton as of mid-2026, up sharply from 60,000-70,000 yuan a year prior. Q3 2024 net profit rose 114% year-over-year and nine-month net profit rose 36.9-49.6%, reflecting lithium price recovery and operational scale. The company employs approximately 5,864 staff in production and marketing operations and reported H1 2024 revenue of 7.24 billion yuan with preliminary net income of 6-6.3 billion yuan.

The technology base centers on salt lake brine extraction and chemical processing, with recent strategic diversification into magnesium alloy smelting and magnesium-based solid-state hydrogen storage through Telimagne. Strategic positioning is reinforced by the planned December 2025 acquisition of a peer lithium producer and the broader state-led push to consolidate China's lithium and sodium mineral supply chains.

Name

Qinghai Salt Lake Industry

Legal name

Qinghai Salt Lake Industry Co., Ltd.

Website

https://qhyhgf.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Qinghai Salt Lake Industry is a Chinese state-owned chemical manufacturer that extracts and processes salt lake brine to produce potassium chloride fertilizer and battery-grade lithium carbonate for domestic Chinese fertilizer and battery customers, with subsidiary Telimagne supplying magnesium-based NEV components to BYD, Chery, and JAC.

Ownership category

akta.pro rank

Product category

Potash and Battery-Grade Lithium Chemical Manufacturing

NAICS

Fertilizer and Compost Manufacturing (32531)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Potash Mining (IMAKAGAB)

akta.pro secondary industries

Lithium Mining & Brine Extraction (IMAKAFAA), Potash Fertilizers (MOP/KCl, SOP/K2SO4, Potassium Nitrate) (AFABABAC)

Keywords

• Potash fertilizer manufacturing
• Lithium carbonate production
• Salt lake mineral extraction
• Battery materials supply
• Magnesium alloy components

Headquarters

HQ city

Xining

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Potassium Chloride Sales: Sales of potassium chloride, the primary fertilizer product, generated in China with significant year-on-year profit increases.
2. Lithium Carbonate Sales: Sales of battery-grade lithium carbonate from salt lake extraction operations, benefiting from lithium price recovery to 170,000 yuan per ton.
3. Automotive Parts and ESS Casings: Telimagne subsidiary generates revenue from selling automotive parts and energy storage system casings to NEV manufacturers.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Core offering

Qinghai Salt Lake Industry extracts and processes brine resources from salt lakes in Qinghai Province to manufacture potassium chloride (potash) fertilizer products and battery-grade lithium carbonate for the domestic Chinese market. Through its wholly owned Telimagne subsidiary, the company also produces magnesium alloy-based automotive parts and energy storage system (ESS) casings for new energy vehicle manufacturers.

Product overview

Qinghai Salt Lake Industry Co., Ltd. is a chemical manufacturing company producing potassium chloride, battery-grade lithium carbonate, and chemical fertilizers for the domestic Chinese market. The company operates through its core new materials subsidiary Telimagne Company, which produces automotive parts and energy storage system casings targeting NEV manufacturers. The product portfolio centers on salt lake mineral extraction and processing, with recent acquisitions planned as part of China's state-led lithium development initiative.

Differentiator

Problem solved

Functional benefit

Products and services

• Potassium Chloride Primary agricultural fertilizer product manufactured from salt lake brine resources and sold to domestic Chinese fertilizer producers and agricultural chemical buyers.
• Battery-Grade Lithium Carbonate Battery-grade lithium carbonate (Li2CO3) produced from Qinghai salt lake brine for use in lithium-ion battery manufacturing serving electric vehicle and energy storage system markets in China.
• Chemical Fertilizers Core product category encompassing potassium-based chemical fertilizers produced and marketed domestically in China, with over 5,864 employees engaged in production and marketing operations.
• Telimagne Magnesium Alloy Automotive Parts and ESS Casings Automotive parts and energy storage system (ESS) casings manufactured by Telimagne Company (core new materials subsidiary) using magnesium alloys, supplied directly to new energy vehicle manufacturers including BYD, Chery, and JAC for NEV and energy storage applications.

Quantifiable outcome

• Q3 net profit up 114% year-over-year
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and major.

• Peer Company Acquisition TargetcoreStrategic or Co-development Partner · 30 December 2025Qinghai Salt Lake Industry plans to acquire a peer company as part of China's broader initiative to develop its lithium resources, consolidating the domestic lithium production sector under state direction.
• BYDmajorOthers · 1 January 2025Telimagne, core new materials subsidiary of Qinghai Salt Lake Industry, supplies automotive parts and ESS casings to BYD, targeting NEV components and energy storage materials applications.
• CherymajorOthers · 1 January 2025Telimagne, core new materials subsidiary of Qinghai Salt Lake Industry, supplies automotive parts and ESS casings to Chery for NEV applications.
• JAC (Anhui Jianghuai Automobile)majorOthers · 1 January 2025Telimagne, core new materials subsidiary of Qinghai Salt Lake Industry, supplies automotive parts and ESS casings to JAC for new energy vehicle applications.
• China MinmetalscoreStrategic or Co-development Partner · 1 January 2024China Minmetals acquired Qinghai Yanhu Industry as part of broader efforts to develop domestic sodium supply chains and sodium-ion batteries as alternatives to lithium. This acquisition supports the strategic development of China's mineral supply chains for the new energy industry.
• China Salt Lake Industrial GroupcoreStrategic or Co-development Partner · 1 January 2024China Salt Lake Industrial Group established in 2024-2025, supported by government directives from 2021 onward, to consolidate and develop China's salt lake resources and mineral supply chains for the new energy industry.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• ICL Group: ICL Group is an Israeli specialty minerals and fertilizers company producing potash, phosphate, and specialty products. Comparable as a diversified specialty fertilizer producer with potash exposure, though geographically distinct.
• K+S AG: K+S is a German-based potash and salt producer with global operations, focused on fertilizer and industrial customers. Comparable as a long-standing European potash and salt incumbent.
• Nutrien: Nutrien is the world's largest producer of potash and a major nitrogen and phosphate fertilizer producer globally. Comparable as a dominant global potash incumbent; Qinghai operates at smaller scale but similar commodity exposure.
• Albemarle Corporation: Albemarle is the world's largest lithium producer with brine and hard-rock assets, also producing bromine specialties. Comparable global leader in lithium chemicals serving EV batteries; Qinghai is a regional Chinese counterpart.
• Mosaic Company: Mosaic is a leading global producer of concentrated phosphate and potash fertilizers, headquartered in the US. Comparable as a large-scale diversified fertilizer miner with potash exposure similar to Qinghai's primary product.

Direct peers

• Ganfeng Lithium: Ganfeng Lithium is a leading Chinese integrated lithium producer with brine, hard-rock, and recycling operations, supplying lithium carbonate and hydroxide globally. Highly comparable as a vertically integrated Chinese lithium chemical producer serving EV and ESS markets.
• SQM (Sociedad Química y Minera): SQM is a Chilean specialty chemicals miner producing lithium from brine (Salar de Atacama) and a global leader in specialty plant nutrition including potassium-based products. Directly comparable potash-plus-lithium brine producer with global reach.
• Tianqi Lithium: Tianqi Lithium is one of China's largest lithium chemical producers with brine and hard-rock assets, producing battery-grade lithium carbonate and hydroxide. Directly comparable as a major Chinese lithium producer with vertical integration and exposure to global EV battery supply chains.
• Livent Corporation: Livent is a US-based pure-play lithium chemicals producer focused on battery-grade lithium hydroxide and carbonate for EV and ESS customers. Comparable as a downstream lithium chemical specialist with similar grade-quality focus.

Regional players

• Yongxing Materials (Yongxing Special Materials): Yongxing Special Materials is a Chinese lithium carbonate producer focused on Jiangxi lepidolite and brine resources. Comparable as a Chinese lithium chemical specialist peer competing in the same domestic battery-grade market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/qinghai-salt-lake-industry-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qinghai Salt Lake Industry