The net profit of Hunan gold nearly doubled, the performance of antimony products is brilliant.

Recently, Hunan Gold released its semi-annual report. During the reporting period, the company realized sales revenue of 8.640893 billion yuan, an increase of 14.58 percent over the same period last year. The total profit realized was 212.5646 million yuan, an increase of 94.16 percent over the same period last year. The net profit belonging to shareholders of listed companies was 181.399 million yuan, an increase of 97.66 percent over the same period last year.

It is reported that Hunan gold is engaged in the mining and mineral processing of gold and antimony, tungsten and other non-ferrous metal mines, the smelting and processing of gold, antimony, tungsten and other non-ferrous metals, the deep processing of gold and refined antimony, and the import and export of non-ferrous metal mineral products.

The company is one of the top ten gold-producing enterprises in China, a leading enterprise in the development of antimony mines in the world, and an important tungsten mining enterprise in China. Chenzhou Mining, a subsidiary, is the first comprehensive member of Shanghai Gold Exchange, the vice chairman of antimony branch of China Nonferrous Metals Industry Association, and a member of the presidium of Tungsten Industry Branch of China Nonferrous Metals Industry Association. During the reporting period, the company produced a total of 20833 kg of gold, an increase of 9.1% over the same period last year; a total of 18872 tons of antimony products, an increase of 10.36% over the same period last year; and a total of 707 standard tons of tungsten products, which decreased by 37.93% due to the shortage of purchased raw materials. Of this total, gold produced 2635 kilograms, up 19.99 percent over the same period last year; antimony products produced 10018 tons, up 2.71 percent over the same period last year; and tungsten concentrates produced 889 standard tons, down 21.81 percent from the same period last year.

Hunan Gold said that during the reporting period, the composition of the company's main business remained unchanged, and there was no significant change in the sales and market share of the company's gold, antimony and tungsten products. The proportion of antimony and tungsten products in operating income changed slightly: gold sales accounted for 89.85% of operating income, compared with 91.65% in the same period last year, a decrease of 1.80 percentage points; sales revenue from antimony products accounted for 8.56% of operating income, compared with 6.3% in the same period last year, an increase of 2.26 percentage points; and sales revenue from tungsten products accounted for 0.99% of operating income, compared with 1.6% in the same period last year, a decrease of 0.61 percentage points. The details are as follows: (1) the revenue from gold sales was 7.7642134 billion yuan, an increase of 12.34% over the same period last year, mainly due to the increase in revenue from the outsourcing of non-standard gold business. (2) the sales income of antimony products was 739.7446 million yuan, an increase of 55.67% over the same period last year, mainly due to the increase in sales volume and the increase in sales prices. (3) the sales income of tungsten products was 85.3956 million yuan, a decrease of 29.35% over the same period last year, mainly due to the decrease in sales.

The gross profit margin of gold, antimony and tungsten products changed to a certain extent: the gross profit margin of gold decreased by 0.17%, refined antimony increased by 11.81%, antimony content increased by 6.54%, and antimony oxide increased by 5.63%. The gross profit margin of antimony glycol and tungsten products increased by 6.19% and 7.41% respectively.

The total gross profit margin increased by 1.08 percentage points, mainly due to the increase in the prices of gold, antimony and tungsten products.