Yuguang Gold and Lead H1 Net Profits Fall on Slipping By-Product Prices-Shanghai Metals Market

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Yuguang Gold and Lead H1 Net Profits Fall on Slipping By-Product Prices

Company News 06:07:09PM Sep 18, 2015 Source:SMM

SHANGHAI, Sept. 18 (SMM) – Henan Yuguang Gold & Lead Co. reported a decline of 42.67% YoY to 7.06 million yuan ($ 1.12 million) in H1 net profits on slipping by-product prices, the company’s report revealed.

The company’s profits are contributed mainly by by-product. As a result, the slip in by-products, like silver, antimony and bismuth, negatively affected the company’s profits.  

Revenues from silver decreased 25.48% YoY in the first half of 2015, 15.4% of total revenues. Silver prices were down 14.66% with gross margin down 0.49% to -0.04%. Silver production came in at 311.09 mt in H1, fulfill 44.44% of the whole year’s plan.

Revenues from refined lead, the company’s main product, fell 14.99% from a year ago, 23% of total revenues. Lead prices dropped 6.66% YoY but gross margin up 1.69 percentage points to 1.26%. Refined lead production totaled 162,900 mt at the company, fulfilling 40.73% of the whole year’s plan.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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


Key Words:  Henan Yuguang Gold & Lead   lead    
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Yuguang Gold and Lead H1 Net Profits Fall on Slipping By-Product Prices

Company News 06:07:09PM Sep 18, 2015 Source:SMM

SHANGHAI, Sept. 18 (SMM) – Henan Yuguang Gold & Lead Co. reported a decline of 42.67% YoY to 7.06 million yuan ($ 1.12 million) in H1 net profits on slipping by-product prices, the company’s report revealed.

The company’s profits are contributed mainly by by-product. As a result, the slip in by-products, like silver, antimony and bismuth, negatively affected the company’s profits.  

Revenues from silver decreased 25.48% YoY in the first half of 2015, 15.4% of total revenues. Silver prices were down 14.66% with gross margin down 0.49% to -0.04%. Silver production came in at 311.09 mt in H1, fulfill 44.44% of the whole year’s plan.

Revenues from refined lead, the company’s main product, fell 14.99% from a year ago, 23% of total revenues. Lead prices dropped 6.66% YoY but gross margin up 1.69 percentage points to 1.26%. Refined lead production totaled 162,900 mt at the company, fulfilling 40.73% of the whole year’s plan.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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


Key Words:  Henan Yuguang Gold & Lead   lead