SMM September 1: on the evening of August 30, Yuguang Gold and lead disclosed its financial results for the first half of 2021. According to the announcement data, Yuguang Gold and lead achieved a total operating income of 11.793 billion yuan in the first half of the year, an increase of 64.28% over the same period last year, while the net profit belonging to shareholders of listed companies was 240 million, a year-on-year increase of 858.35%.
As for the reasons for the sharp increase in the company's net profit during the reporting period, Yuguang Gold and lead explained that, on the one hand, the market prices of the company's main products, such as electrolytic lead, cathode copper, silver and sulfuric acid, have increased compared with the same period in 2020, on the other hand, the company is also increasing the procurement of mineral powders rich in copper, zinc, gold and silver, and the output of related products has increased.
According to public data, Yuguang Gold and lead is mainly engaged in the smelting of non-ferrous metals and the sales of chemical raw materials. At present, the company's main production activities are the smelting and comprehensive recovery of non-ferrous metals, which produces refined lead and cathode copper through raw material processing and smelting. At the same time, gold, silver, sulfuric acid, antimony, bismuth, sulfur and other valuable metals and elements in the smelting by-products are comprehensively recovered to improve the effective utilization of resources.
During the reporting period, the company produced a total of 222100 tons of lead products, 57000 tons of cathode copper, 4637.56 kilograms of gold and 602.43 tons of silver. In the first half of 2021, unlike the strong rise in copper prices, lead prices fluctuated more from the resonance of non-ferrous metals under the influence of the macro environment, and the increase was obviously inferior to that of other non-ferrous metals. According to SMM historical prices, as of June 30, the average price of SMM lead ingots was 15550 yuan per ton, up 5.4 per cent for the year.
"Click to view the historical price of SMM Metals.
At the same time, the company also attaches great importance to the development of circular economy, and now has established a circular economy industrial model of co-production of primary lead and recycled lead. CX integrated system is used to treat and recycle waste lead-acid batteries, which not only solves the environmental pollution problem of waste lead-acid batteries, but also meets the company's demand for raw materials.
Yuguang Gold and lead said that now the company's lead smelting technology has been in the international leading level and has been listed as an energy efficiency benchmark enterprise in the non-ferrous metals industry by the Ministry of Industry and Information Technology. It is worth mentioning that some investors have asked about the company's gold production on the interactive platform, and Yuguang Gold and lead replied that the company belongs to smelting and processing enterprises and has fewer mines of its own. The raw material of the company is mainly purchased ore powder, through its processing and smelting to produce refined lead, cathode copper finished products, while comprehensive recovery of its smelting by-products such as gold, silver and other added metals. In 2020, the company produced a total of 9796.39 kilograms of gold.
In addition, in the current increasingly hot lithium industry chain, Yuguang gold and lead also began to actively layout the lithium copper foil industry chain. At present, the lithium copper foil project is still in the project research and development pilot stage.
