Jiangxi Copper has made a net profit of 950 million 100000 tons from January to February. The first phase of the lithium copper foil project has started.

On the evening of March 16th, Jiangxi Copper Industry (600362) disclosed the announcement on the reception of investor research. The company's production and operation from January to February maintained a stable and efficient situation. According to internal preliminary accounting, the total revenue in the first two months of this year was about 76.2 billion yuan, an increase of about 40% over the same period last year. The net profit attributed to shareholders of listed companies was about 950 million yuan, an increase of about 150% over the same period last year.

Jiangxi Copper said that the company's 100000-ton lithium copper foil project in Shangrao, Jiangxi, has completed preliminary preparations such as industrial and commercial registration, land transfer, construction plan formulation, and so on. The first phase of the project has an annual output of 50,000 tons of lithium copper foil has officially started construction in February this year, in view of the current strong demand for lithium copper foil market, the company will spare no effort to promote the project construction and strive to be completed and put into production as soon as possible.

In addition, in terms of the construction progress of other projects, Jiangxi Copper participated in the "Belt and Road Initiative" key project, the construction of the Bakuta Tungsten Mine in Kazakhstan is in close cooperation with the partners, and the construction progress is being accelerated; Wushan Copper Mine Phase III underground 10,000 tons / day expansion project, Yinshan Mining 5000 tons / day dew pit project is also stepping up construction to continue the future resources for the company.

In terms of smelting capacity projects, Jiangtong Hongyuan Copper Co., Ltd. has been completed and put into use of 100000 tons of electrolytic copper per year, and will reach the design capacity this year; Jiangtong Guoxing 180000 tons / year cathode copper energy saving and emission reduction project is also accelerating.

In terms of copper processing products, a large number of projects such as 15000 tons / year lithium copper foil in the third phase of the Copper foil Company, 220000 tons / year copper rod wire in North China, 350000 tons / year copper rod wire in Guangzhou Copper Phase II, 8000 tons / year special enamelled wire and 10,000 tons / year copper thin wire have also been completed and put into production, and are stepping up efforts to shorten the capacity climbing period.

The battery network learned that with the continued prosperity of the new energy industry, lithium copper foil ushered in a period of high demand growth. In order to expand market share, Jiangxi Copper issued an announcement on February 22. The company's board of directors authorized the company and the management of Jiangxi Copper foil to start the preliminary preparatory work for the listing of Jiang Copper foil, including but not limited to the demonstration of the feasibility plan, the organization and preparation of the listing plan, the formulation and implementation of the joint-stock transformation plan, and so on.

In addition, according to the performance forecast issued by Jiangxi Copper a few days ago, the company expects the net profit attributed to shareholders of listed companies to be 5.22 billion yuan to 5.916 billion yuan in 2021, an increase of 2.9 billion yuan to 3.596 billion yuan over the same period last year, or 125% more than the same period last year.