[performance report] Zinc Enterprises' performance fell by as much as 1251% in the first quarter of 2018-Shanghai Metals Market

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[performance report] Zinc Enterprises' performance fell by as much as 1251% in the first quarter of 2018

Translation 08:53:56PM Apr 28, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4 28: this week, zinc enterprises reported one quarter after another. In the same period of last year, the results of the nonferrous plate were gratifying, and the earnings in the first quarter of this year were not satisfactory. So far, among the listed companies related to zinc enterprises, 13 enterprises, including Tibet's Everest, Zhongjin Lingnan, Zhuzhou smelting, and zinc industry shares, have successively disclosed their reports for the first quarter of 2018, of which 7 have seen a decline in net profit compared with the same period in 2017. Zhuzhou smelting decreased by 1251.18%. But there are also outstanding enterprises, in which Yintai resources net profit showed a significant increase of 1140.42%.

Summary of results of Zinc Enterprises in the first quarter of 2018

Zhuzhou smelter: net profit loss in the first quarter

Zhuzhou smelter lost 32.127 million yuan in net profit attributable to shareholders of listed companies in the first quarter of 2018, down 1,251.18 percent from the same period in 2017.

Western Mining: first quarter net profit loss

Western Mining reported results for the first quarter of 2018, with a net profit of 33.81 million yuan in the first quarter, a decrease of 744.8 per cent compared with the same period in 2017.

HTC: net profit loss for the first quarter

HTC's net profit for the first quarter of 2018 was 10.973 million yuan, down 76.98 per cent from the same period in 2017.

Mount Everest, Tibet: net profit fell 26.85% in 2018 from a year earlier

The revenue of Mount Everest in Tibet fell 3.68% in the first quarter of 2018 compared with the same period last year, and the net profit fell 26.85% compared with the same period last year. the main reason is that the sudden drought in Tajikistan and the lack of water lead to the decrease of mineral processing capacity, which leads to the decrease of the output of concentrate products of the company. And the impact of current financial costs increased by 73.75 million yuan compared with the same period last year.

Zinc shares: first-quarter net profit down 11.06% from a year earlier

Zinc shares posted a net profit of 33.8 million yuan in the first quarter of 2018, compared with 38 million yuan in the same period in 2017, down 11.06 per cent from a year earlier.

Yuguang Gold and lead: net profit decreased 9.8% in the same period in the first quarter

Yuguang Gold and lead Co., Ltd. reported results for the first quarter of 2018, with a net profit of 44.054 million yuan in the first quarter, down 9.8 per cent from the same period in 2017.

Aucma: net profit fell slightly in the first quarter from a year earlier

Aucma Co., Ltd. reported net profit of 30.324 million yuan in the first quarter of 2018, down 4.29 per cent from the same period in 2017

Luo Ping Zinc Power: net profit rose in the first quarter compared with the same period last year

Luo Ping Zinc Power released a forecast for the first quarter of 2018. the net profit attributable to shareholders of listed companies is expected to be 6.5 million yuan to 8.5 million yuan, up 13.43 percent to 48.33 percent from the same period last year. At the end of March, the company expected the company's net profit for the first quarter of 2018 to be-5 million yuan to 0, 000 yuan, a change from the same period a year earlier, with a change of-187.25 percent ≤ 100.00 percent, which was subsequently revised. The reason for the correction was that the inventory of internally traded products at the end of the period was lower than at the beginning of the period, and unrealized profits from insider trading in 2017 were realized in the first quarter of 2018.

Jianxin Mining: net profit increased 27.25% in the first quarter compared with the same period last year

Jianxin Mining Co., Ltd. reported results for the first quarter of 2018, with a net profit of 110568345.14 yuan in the first quarter of 2018, up 27.25 per cent from the first quarter of 2017.

CICC Lingnan: net profit is expected to increase by at least 37.12% in the first quarter from a year earlier

CICC Lingnan expects earnings to rise 37.12 per cent to 50.83 per cent in the first quarter of 2018 compared with the same period in 2017. It is expected that the main reason for the change in the company's performance during the reporting period is the increase in the market price of lead and zinc metals, the company's main product of non-ferrous metals, compared with the same period in 2017.

Shengtun Mining: net profit increased by 64.44% in the first quarter compared with the same period last year

Shengtun Mining Co., Ltd. reported results for the first quarter of 2018, with a net profit of 154.736 million yuan in the first quarter of 2018, up 64.44 per cent from 2017.

Shengda Mining: net profit rose 472.76 per cent in the first quarter from a year earlier of 2017

Shengda Mining Co., Ltd. reported results for the first quarter of 2018, with a net profit of 671.589 million yuan in the first quarter, up 472.76 percent from 2017.

Yintai Resources: net profit rose sharply in the first quarter compared with 2017

Yintai Resources Mining Co., Ltd. reported results for the first quarter of 2018, with a net profit of 116.401 million yuan in the first quarter of 2018, up 1140.42 per cent from the same period in 2017.

The company said it made the forecast, It is based on the following reasons: Shanghai Shengwei Mining Investment Co., Ltd. has been included in the scope of the merger since the beginning of the current period. the production of its subordinate mines is running well and is expected to have a positive impact on the increase in the company's performance in accordance with its production plan. The same period of the previous year was calculated on the basis of the actual number of companies, and the comparative statement for the same period of last year was not adjusted in accordance with the merger under the same control. Changes in post-period equity are not taken into account in the performance projections. This performance forecast is only an estimate made by management on the basis of the production plan and may differ from the actual data affected by actual sales and market prices.

Zinc prices increased significantly in the first quarter of 2017 compared with the same period last year, bringing significant positive support to zinc enterprises' profits. In the first quarter of 2018, zinc prices fell after nearly two and a half years of rise. the decline in zinc companies' first-quarter results was related to the decline in zinc prices. Zinc enterprise performance in the first quarter is unfavorable, the remaining three quarters of the results can turn the tide? Will the decline in zinc prices continue? Let's take a look at how experts and scholars at the 13th lead-Zinc Summit to be held by SMM in Nanning, Guangxi, will interpret it from May 24 to 26.

As a 13-year conference brand, 20 years of industry accumulation, lead-zinc industry super popular exchange platform, there are good reasons to attract so many guests and enterprises to attend the meeting.

At this lead-zinc summit, 1000 guests from the lead-zinc industry gathered together. what kind of spark will come out of the collision of knowledge and ideas?

"Click to enter the lead-zinc summit registration channel

Registration contact information

Yao Qunxiang Tel: 021 5159 5841 Mobile: 136 021 8171 5643 Fax: 021 51275007 email: yaoqunxiang@smm.cn

Qiu Jiani Tel: 021 ≤ 51595822 Mobile: 17621376047 email: qiujiani@smm.cn

[performance report] Zinc Enterprises' performance fell by as much as 1251% in the first quarter of 2018

Translation 08:53:56PM Apr 28, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4 28: this week, zinc enterprises reported one quarter after another. In the same period of last year, the results of the nonferrous plate were gratifying, and the earnings in the first quarter of this year were not satisfactory. So far, among the listed companies related to zinc enterprises, 13 enterprises, including Tibet's Everest, Zhongjin Lingnan, Zhuzhou smelting, and zinc industry shares, have successively disclosed their reports for the first quarter of 2018, of which 7 have seen a decline in net profit compared with the same period in 2017. Zhuzhou smelting decreased by 1251.18%. But there are also outstanding enterprises, in which Yintai resources net profit showed a significant increase of 1140.42%.

Summary of results of Zinc Enterprises in the first quarter of 2018

Zhuzhou smelter: net profit loss in the first quarter

Zhuzhou smelter lost 32.127 million yuan in net profit attributable to shareholders of listed companies in the first quarter of 2018, down 1,251.18 percent from the same period in 2017.

Western Mining: first quarter net profit loss

Western Mining reported results for the first quarter of 2018, with a net profit of 33.81 million yuan in the first quarter, a decrease of 744.8 per cent compared with the same period in 2017.

HTC: net profit loss for the first quarter

HTC's net profit for the first quarter of 2018 was 10.973 million yuan, down 76.98 per cent from the same period in 2017.

Mount Everest, Tibet: net profit fell 26.85% in 2018 from a year earlier

The revenue of Mount Everest in Tibet fell 3.68% in the first quarter of 2018 compared with the same period last year, and the net profit fell 26.85% compared with the same period last year. the main reason is that the sudden drought in Tajikistan and the lack of water lead to the decrease of mineral processing capacity, which leads to the decrease of the output of concentrate products of the company. And the impact of current financial costs increased by 73.75 million yuan compared with the same period last year.

Zinc shares: first-quarter net profit down 11.06% from a year earlier

Zinc shares posted a net profit of 33.8 million yuan in the first quarter of 2018, compared with 38 million yuan in the same period in 2017, down 11.06 per cent from a year earlier.

Yuguang Gold and lead: net profit decreased 9.8% in the same period in the first quarter

Yuguang Gold and lead Co., Ltd. reported results for the first quarter of 2018, with a net profit of 44.054 million yuan in the first quarter, down 9.8 per cent from the same period in 2017.

Aucma: net profit fell slightly in the first quarter from a year earlier

Aucma Co., Ltd. reported net profit of 30.324 million yuan in the first quarter of 2018, down 4.29 per cent from the same period in 2017

Luo Ping Zinc Power: net profit rose in the first quarter compared with the same period last year

Luo Ping Zinc Power released a forecast for the first quarter of 2018. the net profit attributable to shareholders of listed companies is expected to be 6.5 million yuan to 8.5 million yuan, up 13.43 percent to 48.33 percent from the same period last year. At the end of March, the company expected the company's net profit for the first quarter of 2018 to be-5 million yuan to 0, 000 yuan, a change from the same period a year earlier, with a change of-187.25 percent ≤ 100.00 percent, which was subsequently revised. The reason for the correction was that the inventory of internally traded products at the end of the period was lower than at the beginning of the period, and unrealized profits from insider trading in 2017 were realized in the first quarter of 2018.

Jianxin Mining: net profit increased 27.25% in the first quarter compared with the same period last year

Jianxin Mining Co., Ltd. reported results for the first quarter of 2018, with a net profit of 110568345.14 yuan in the first quarter of 2018, up 27.25 per cent from the first quarter of 2017.

CICC Lingnan: net profit is expected to increase by at least 37.12% in the first quarter from a year earlier

CICC Lingnan expects earnings to rise 37.12 per cent to 50.83 per cent in the first quarter of 2018 compared with the same period in 2017. It is expected that the main reason for the change in the company's performance during the reporting period is the increase in the market price of lead and zinc metals, the company's main product of non-ferrous metals, compared with the same period in 2017.

Shengtun Mining: net profit increased by 64.44% in the first quarter compared with the same period last year

Shengtun Mining Co., Ltd. reported results for the first quarter of 2018, with a net profit of 154.736 million yuan in the first quarter of 2018, up 64.44 per cent from 2017.

Shengda Mining: net profit rose 472.76 per cent in the first quarter from a year earlier of 2017

Shengda Mining Co., Ltd. reported results for the first quarter of 2018, with a net profit of 671.589 million yuan in the first quarter, up 472.76 percent from 2017.

Yintai Resources: net profit rose sharply in the first quarter compared with 2017

Yintai Resources Mining Co., Ltd. reported results for the first quarter of 2018, with a net profit of 116.401 million yuan in the first quarter of 2018, up 1140.42 per cent from the same period in 2017.

The company said it made the forecast, It is based on the following reasons: Shanghai Shengwei Mining Investment Co., Ltd. has been included in the scope of the merger since the beginning of the current period. the production of its subordinate mines is running well and is expected to have a positive impact on the increase in the company's performance in accordance with its production plan. The same period of the previous year was calculated on the basis of the actual number of companies, and the comparative statement for the same period of last year was not adjusted in accordance with the merger under the same control. Changes in post-period equity are not taken into account in the performance projections. This performance forecast is only an estimate made by management on the basis of the production plan and may differ from the actual data affected by actual sales and market prices.

Zinc prices increased significantly in the first quarter of 2017 compared with the same period last year, bringing significant positive support to zinc enterprises' profits. In the first quarter of 2018, zinc prices fell after nearly two and a half years of rise. the decline in zinc companies' first-quarter results was related to the decline in zinc prices. Zinc enterprise performance in the first quarter is unfavorable, the remaining three quarters of the results can turn the tide? Will the decline in zinc prices continue? Let's take a look at how experts and scholars at the 13th lead-Zinc Summit to be held by SMM in Nanning, Guangxi, will interpret it from May 24 to 26.

As a 13-year conference brand, 20 years of industry accumulation, lead-zinc industry super popular exchange platform, there are good reasons to attract so many guests and enterprises to attend the meeting.

At this lead-zinc summit, 1000 guests from the lead-zinc industry gathered together. what kind of spark will come out of the collision of knowledge and ideas?

"Click to enter the lead-zinc summit registration channel

Registration contact information

Yao Qunxiang Tel: 021 5159 5841 Mobile: 136 021 8171 5643 Fax: 021 51275007 email: yaoqunxiang@smm.cn

Qiu Jiani Tel: 021 ≤ 51595822 Mobile: 17621376047 email: qiujiani@smm.cn