Zhuzhou Smelter Posts 109 Million Yuan Losses in H1-Shanghai Metals Market

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Zhuzhou Smelter Posts 109 Million Yuan Losses in H1

Company News 11:09:17AM Aug 24, 2015 Source:SMM

SHANGHAI, Aug. 24 (SMM) - Zhuzhou Smelter Group reported losses of 109 million yuan in the first half of 2015 due mainly to tumbling indium prices, which slumped some 43%, according to the company’s mid-year report.

Indium selling prices fell 42.79% year-on-year, affecting the company’s indium output by 24.48% year-on-year. The company’s gross margins from precious metals dropped 4.3%, down 21.7 percentage points year-on-year.

Zhuzhou Smelter’s profit fell as much as 1268%, compared to the profit of 9.37 million yuan in the same period last year. Its income from major businesses was 6.74 billion yuan, down 7.2% year-on-year. Gross margins from major businesses were 263 million yuan or 3.93%, down 90.82 million yuan or 0.98 percentage point year-on-year.

Gross margins from zinc products were 6.75%, up 0.64 percentage point year-on-year. Those from lead products increased 1.62 percentage points to 0.01%.

The company earned 39.81 million yuan in 2014, up 71.53% year-on-year. Its indium output grew 54.02% as indium selling prices rose 84.80% year-on-year.

 

Gross Margins from Major Businesses

Product

Business Income

Business Cost

Gross Margin(%)

Business Income YoY(%)

Business Cost YoY (%)

Gross Margin YoY(%)

Zinc

3993739179.72

3724183340.09

6.75

13.61

12.83

0.64

Lead

640749804.95

640704464.49

0.01

-18.33

-19.63

1.62

Precious metals

419906607.77

437948175.87

-4.30

-44.38

-29.78

-21.70

Sulfuric acid

57418185.19

35042486.33

38.97

42.69

-9.44

35.13

Others

46656199.74

48903438.03

-4.82

-31.51

-28.69

-4.15

Own business

1528980196.21

1537557230.10

-0.56

-25.50

-24.37

-1.50

Unit:yuan

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 

Zhuzhou Smelter Posts 109 Million Yuan Losses in H1

Company News 11:09:17AM Aug 24, 2015 Source:SMM

SHANGHAI, Aug. 24 (SMM) - Zhuzhou Smelter Group reported losses of 109 million yuan in the first half of 2015 due mainly to tumbling indium prices, which slumped some 43%, according to the company’s mid-year report.

Indium selling prices fell 42.79% year-on-year, affecting the company’s indium output by 24.48% year-on-year. The company’s gross margins from precious metals dropped 4.3%, down 21.7 percentage points year-on-year.

Zhuzhou Smelter’s profit fell as much as 1268%, compared to the profit of 9.37 million yuan in the same period last year. Its income from major businesses was 6.74 billion yuan, down 7.2% year-on-year. Gross margins from major businesses were 263 million yuan or 3.93%, down 90.82 million yuan or 0.98 percentage point year-on-year.

Gross margins from zinc products were 6.75%, up 0.64 percentage point year-on-year. Those from lead products increased 1.62 percentage points to 0.01%.

The company earned 39.81 million yuan in 2014, up 71.53% year-on-year. Its indium output grew 54.02% as indium selling prices rose 84.80% year-on-year.

 

Gross Margins from Major Businesses

Product

Business Income

Business Cost

Gross Margin(%)

Business Income YoY(%)

Business Cost YoY (%)

Gross Margin YoY(%)

Zinc

3993739179.72

3724183340.09

6.75

13.61

12.83

0.64

Lead

640749804.95

640704464.49

0.01

-18.33

-19.63

1.62

Precious metals

419906607.77

437948175.87

-4.30

-44.38

-29.78

-21.70

Sulfuric acid

57418185.19

35042486.33

38.97

42.69

-9.44

35.13

Others

46656199.74

48903438.03

-4.82

-31.51

-28.69

-4.15

Own business

1528980196.21

1537557230.10

-0.56

-25.50

-24.37

-1.50

Unit:yuan

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.