Aug 31, 2022
akeaway: according to incomplete statistics, so far, according to the classification of all 103 listed non-ferrous metals companies, 29 officially released annual report, including 4 losses, 25;60 earnings forecast or letters, 42 beforehand, two-thirds.Although the current profit and loss ratio appears to be optimistic, scan data, cannot hide failed state enterprises, more than half of profit reduced the enterprise profit, the main income has not grown much.
Demand collapse, quantity and value a record low, non-ferrous industry has experienced unbearable pain in the past year.
According to incomplete statistics, so far, according to the classification of all 103 listed non-ferrous metals companies, 29 officially released annual report, including 4 losses, 25;60 earnings forecast or letters, 42 beforehand, two-thirds.Although the current profit and loss ratio appears to be optimistic, scan data, cannot hide failed state enterprises, more than half of profit reduced the enterprise profit, the main income has not grown much.
Have been published in the annual reports of companies, zijin mining, profits of 1.343 billion yuan, but compared with last year net profit halved;Second luoyang molybdenum industry net profit fell by more than 60%.From the point of industry, rare metal industry overall losses, almost reversed transmission enterprise joint production;Base metals enterprises survive in the cracks and also looking for a way out.
Rare metals: active production industry losses
In 2015, the contradiction between supply and demand of rare metals industry continues to increase, prices fell into the bottom of the history.
19 published annual report information of rare metals in the enterprise, 11 shows a loss.Among them, three tungsten companies all losses, xiamen tungsten industry losses of 536 million yuan;Rare earth industry also loss serious, minmetals rare earth lost 4.6-385 million yuan.
Quantity and price of overcapacity situation down a major loss of listed companies.March 26, guang sheng non-ferrous released annual report, net profit fell sharply to 312 million yuan.Annual report, due to the selling price and cost serious upside down, last year the company to control pin valuation of tungsten concentrate, lead to sales revenue fell 92.41%;Also reduced by 80.49% over the previous year, the sales of rare earth mine main reason is the product market prices fell sharply.
Also Mired in losses and Oriental zirconium, performance letters show profit loss of 363 million yuan last year, plunged 5249.09%, compared to the revenues have fallen by nearly 35% year-on-year.Company, the main reason is that the titanium ore sales revenue, and other product prices continue to fall, lead to the company product gross margin fell sharply, and part of the asset impairment provision.
Huayou cobalt industry annual report shows net loss of 254 million yuan, fell 279% from a year earlier.Antaike cobalt industry analyst Liu Lei told reporters: "the main reason for the last year or the excess supply raw materials imported raw materials is overmuch, the industry base is small profit or loss."
The industry generally losses forced enterprise initiative to capacity.Since this year, rare metal joint production and purchase and spread the news.On March 25, including gallium 6 big domestic companies, the country's first gallium industry association announced that from now on will gradually decrease and even shut down.On March 17, China tungsten industry association initiative of tungsten concentrate production fell by 15% in 2016.On February 29, clinch a deal the SRB bidding 2800 tonnes of cobalt metal, plus collection and storage of 2250 tons last year, has more than 5000 tons of metal cobalt reserves
