The Study On The Causes And Performance Of Tianqi Lithium Industry Chain Integration

Considering that the development of traditional automobiles is restricted by the reserves of non-renewable energy and the damage to the environment,the new energy automobile industry has emerged at the historic moment.After that,the demand for lithium batteries has soared,lithium resource development and lithium salt production projects in the industrial chain have become the focus of investment,and industry competitors have also increased,the integration of lithium chemicals and lithium resources has intensified.As lithium is a resource-based industrial chain,environmental protection is an unavoidable responsibility,so it is also important to consider ecological performance.Then,for the question of how enterprises should integrate the industrial chain and how this behavior affects the company's operating performance and ecological performance,this article will use the standardized research method and case analysis method for research,which has certain practical significance.The article selects Tianqi Lithium,a leading company in the lithium processing and manufacturing industry and also a pioneer in integrating the lithium industry chain,as the research object.Based on the previous theories and literature research on the integration of the industrial chain,the process of the integration of the Tianqi lithium industry's industrial chain was combed.The research found that the Tianqi lithium industry mainly integrated the endogenous growth and epitaxial expansion.The layout of the industrial chain represents three characteristics:First,the overall layout of the lithium industrial chain;second,the integration takes the upstream lithium resource development as the core;third,the vertical integration is the main stage in the early stage and the horizontal integration is the later stage.the Lord.This article believes that the reason why Tianqi Lithium will choose the integration of the industry chain and the integration will present such characteristics is the dual role of internal and external motivations.Afterwards,the paper analyzed the financial performance and ecological performance of Tianqi Lithium's industrial chain integration.From the results,in terms of financial performance,Tianqi Lithium's industrial chain integration enhanced the profitability and capacity of the operating and cash generating,but also it increases the debt repayment risk of the enterprise and brings value damage to investors.In terms of ecological performance,during the integration of Tianqi Lithium's industrial chain,its environmental protection investment proportion is relatively stable,the resource consumption structure is gradually improved,waste emissions are properly controlled,and the ecological benefits are significant.Based on this article,we believe that the integration of Tianqi Lithium's industrial chain has realized the dual development of economy and ecology,and obtained relevant enlightenments and suggestions.