[SMM inventory] Copper Industry has a good momentum of Development in the first quarter where will Copper Industry go in the later period-Shanghai Metals Market

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[SMM inventory] Copper Industry has a good momentum of Development in the first quarter where will Copper Industry go in the later period

Translation 09:17:34AM May 04, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5: the first quarter of 2018 has just passed, the quarterly results of listed companies in the copper industry generally reported good news, the overall net profit attributed to the shareholders of listed companies showed a trend of year-on-year growth, and the profits of individual enterprises doubled. Among them, the western mining industry in the first quarter of 2018 attributed to the shareholders of listed companies net profit increased by 744.88%! In addition, Mengzhou shares in the first quarter of 2018 attributed to the listed company's net profit showed a large negative growth compared with the same period last year, the western resources loss of 29 million yuan.

The collective increase in profits was mainly due to a series of policies and measures, such as the country's continued steady progress in supply-side structural reform and the standardization of access standards for the copper industry in 2018. the operation of the copper industry improved and the efficiency of enterprises increased steadily. In addition, boosted by rumors of a settlement in the Sino-US trade war, copper prices have risen rapidly, coupled with some measures such as innovation-driven, transformational development, and full play of effective production capacity.

(note: so far, 12 of the 13 listed copper companies have reported results for the first quarter of 2018)

The performance of the enterprise is as follows:

Western Mining: net profit more than sevenfold in the first quarter

According to the western mining industry's first-quarter 2018 results released on April 20, profits attributed to shareholders of listed companies in the current quarter were about 338 million yuan, an increase of 298 million yuan from the beginning of the previous year to the end of the reporting period of the previous year, an increase of about 744.88 per cent over the same period last year. Basic earnings per share were about 0.14 yuan, an increase of 0.12 yuan from the beginning of the previous year to the end of the previous year. The increase was due to an increase in the market prices of the company's main products over the same period last year; in addition, the acquisition of 82.96 per cent of the shares of Sichuan Huidong Daliang Mining Co., Ltd. was completed on 4 January this year. "View details

Yunnan Copper Industry: operating steady profit rising steadily

According to Yunnan Copper's first quarter 2018 report released on April 27, profits attributed to shareholders of listed companies in the quarter were 118 million yuan, up 75.73 per cent from a year earlier. Due to the smooth operation of the company's production, continue to strengthen management, with the main products electrolytic copper, sulfuric acid prices rose compared with the same period, the company's current operating performance rose, operating well. "View details

Hengbang shares: first-quarter profit up 74.47% from a year earlier

Hengbang shares reported on April 17 that profits attributable to shareholders of listed companies were 123 million yuan in the first quarter of 2018, an increase of 52 million yuan from the beginning of the previous year to the end of the previous year, an increase of 74.47 percent over the same period last year. "View details

Shengtun Mining: first quarter profit up 64.44%

Shengtun Mining Co., Ltd. announced on the afternoon of April 11 that the net profit attributed to shareholders of listed companies in the first quarter of 2018 is expected to increase by 61 million yuan over the same period of last year, an increase of 64.44 percent over the same period last year. "View details

Jiangxi Copper: first-quarter profit up 41.52% from a year earlier

Jiangxi Copper released its results for the first quarter of 2018 on April 28. according to the report, the profit attributed to shareholders of listed companies in the current quarter was about 766 million yuan, an increase of 225 million yuan from the beginning of last year to the end of the reporting period of the previous year. A year-on-year increase of about 41.52%. Basic earnings per share were about 0.22 yuan, an increase of 0.06 yuan from the beginning of the previous year to the end of the previous year. "View details

Tongling Nonferrous: first-quarter profits up 40.49% from a year earlier

Tongling Nonferrous released its first-quarter 2018 results on April 27, reporting profits of 203 million yuan attributed to shareholders of listed companies, up 40.49 per cent from a year earlier. Previously, the market expected processing fees of about $85 to $86 per tonne in 2018, and the determined processing fees were lower than expected, indicating that the expected tight supply of mining copper is recognized by the market. In December 2017, Tongling Nonferrous and Freeport reached an agreement on a copper concentrate processing fee, reducing costs. "View details

Jingyi shares: first-quarter profits up 25.41% from a year earlier

Jingyi shares recently released its performance report for the first quarter of 2018, which showed that Jingyi shares' net profit attributable to shareholders of listed companies in the first quarter of 2018 was 17 million yuan, an increase of 25.41 percent over the same period last year. The investment in research and development of new products, strong market demand, the increase in product sales and the rise in product prices have become the key factors for the continuous improvement of the performance of Jingyi shares. "View details

Hailiang shares: step forward to achieve profit growth at the pace of "intellectual Building"

Recently, Heliang shares released a first-quarter results report showed that the profit attributed to shareholders of listed companies in the quarter was 250 million yuan, an increase of 49 million yuan from the beginning of last year to the end of the reporting period of the previous year, an increase of 24.61 percent over the same period last year. In 2017, Heliang shares has become a leader in the national copper processing industry, one of the most competitive copper processing enterprises in the world, and took the lead in the copper processing industry to take the lead in the development of "intelligent" modern industry. In addition, Heliang shares in 2017 to achieve the acquisition of three companies under the NORDA Group, and through technology to increase production and sales of copper, thereby stimulating performance growth. "View details

Chujiang New Materials: first-quarter profit up 23.57% from a year earlier

The company's net profit attributable to shareholders of listed companies was 102 million yuan in the first quarter of 2018, compared with 82 million yuan in the same period a year earlier, up 23.57 per cent from a year earlier, according to Chujiang's first-quarter results, released on April 25. "View details

Bowie Alloy: first-quarter profit up 21.9% from a year earlier

On April 28, Bowie Alloy reported its first-quarter results for 2018, saying that net profit attributable to shareholders of listed companies in the first quarter of 2018 was about 67 million yuan, compared with the same period last year (legally disclosed data). The increase was about 12 million yuan, an increase of about 21.9 per cent over the same period last year. The main products of Bowei alloy are "new materials + international new energy", which constructs the industrial pattern and international business platform of "new materials + international new energy" two-wheel drive. In new materials: the company is committed to high-performance, high-precision nonferrous alloy rod, wire, strip new material research and development, production and sales; In the international new energy: the company's main business for solar cells, module research and development, production and sales and power station development, the main products are polysilicon, monocrystalline silicon cells and components. In the future, a large number of copper alloy products are needed for connectors and thermal conductive materials in automotive electronics. with the further development of automotive electronics and intelligent vehicles, the performance of the company is expected to achieve further growth. "View details

Mengzhou shares: first-quarter loss rose sharply from a year earlier-96.47%

On April 28, Mengzhou shares released its results for the first quarter of 2018, which showed that the net profit attributed to shareholders of listed companies was about 500000 yuan, down about 14 million yuan from the same period last year, up 96.47 percent from the same period last year. The reason is that Hengxin Group, a shareholder in Mengzhou, plans to reduce its entire stake in the company. As of February, Hengxin Group directly held 28.5583 million shares in Mengzhou shares, accounting for 1.614 per cent of the company's total share capital. By the morning of February 1, Mengzhou shares closed down, closing at 3.2 yuan per share in the morning. Mengzhou shares were dragged down by shareholders' reduced holdings and the overall weakness of the market. "View details

Western Resources: net profit-29 million yuan better than in the same period last year

In the early morning of April 28, Western Resources released its performance report for the first quarter of 2018, with a net profit of-29 million yuan attributed to shareholders of listed companies, compared with-34 million yuan in the same period last year, and the specific growth rate is not applicable. Further verification is required. "View details

Some analysts believe that the pressure on China's copper industry to reform on the supply side is relatively small. however, considering the increase in the interference rate of overseas copper concentrates and the restrictions on the import of waste copper in China, there is no lack of medium-and long-term themes in the market. The factors that can restrict the copper price are the increase of the operation rate of the smelter and the low consumption of the copper terminal. In addition, the Sino-US trade war and customs tightening of scrap copper imports are also important factors affecting copper supply.

[SMM inventory] Copper Industry has a good momentum of Development in the first quarter where will Copper Industry go in the later period

Translation 09:17:34AM May 04, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5: the first quarter of 2018 has just passed, the quarterly results of listed companies in the copper industry generally reported good news, the overall net profit attributed to the shareholders of listed companies showed a trend of year-on-year growth, and the profits of individual enterprises doubled. Among them, the western mining industry in the first quarter of 2018 attributed to the shareholders of listed companies net profit increased by 744.88%! In addition, Mengzhou shares in the first quarter of 2018 attributed to the listed company's net profit showed a large negative growth compared with the same period last year, the western resources loss of 29 million yuan.

The collective increase in profits was mainly due to a series of policies and measures, such as the country's continued steady progress in supply-side structural reform and the standardization of access standards for the copper industry in 2018. the operation of the copper industry improved and the efficiency of enterprises increased steadily. In addition, boosted by rumors of a settlement in the Sino-US trade war, copper prices have risen rapidly, coupled with some measures such as innovation-driven, transformational development, and full play of effective production capacity.

(note: so far, 12 of the 13 listed copper companies have reported results for the first quarter of 2018)

The performance of the enterprise is as follows:

Western Mining: net profit more than sevenfold in the first quarter

According to the western mining industry's first-quarter 2018 results released on April 20, profits attributed to shareholders of listed companies in the current quarter were about 338 million yuan, an increase of 298 million yuan from the beginning of the previous year to the end of the reporting period of the previous year, an increase of about 744.88 per cent over the same period last year. Basic earnings per share were about 0.14 yuan, an increase of 0.12 yuan from the beginning of the previous year to the end of the previous year. The increase was due to an increase in the market prices of the company's main products over the same period last year; in addition, the acquisition of 82.96 per cent of the shares of Sichuan Huidong Daliang Mining Co., Ltd. was completed on 4 January this year. "View details

Yunnan Copper Industry: operating steady profit rising steadily

According to Yunnan Copper's first quarter 2018 report released on April 27, profits attributed to shareholders of listed companies in the quarter were 118 million yuan, up 75.73 per cent from a year earlier. Due to the smooth operation of the company's production, continue to strengthen management, with the main products electrolytic copper, sulfuric acid prices rose compared with the same period, the company's current operating performance rose, operating well. "View details

Hengbang shares: first-quarter profit up 74.47% from a year earlier

Hengbang shares reported on April 17 that profits attributable to shareholders of listed companies were 123 million yuan in the first quarter of 2018, an increase of 52 million yuan from the beginning of the previous year to the end of the previous year, an increase of 74.47 percent over the same period last year. "View details

Shengtun Mining: first quarter profit up 64.44%

Shengtun Mining Co., Ltd. announced on the afternoon of April 11 that the net profit attributed to shareholders of listed companies in the first quarter of 2018 is expected to increase by 61 million yuan over the same period of last year, an increase of 64.44 percent over the same period last year. "View details

Jiangxi Copper: first-quarter profit up 41.52% from a year earlier

Jiangxi Copper released its results for the first quarter of 2018 on April 28. according to the report, the profit attributed to shareholders of listed companies in the current quarter was about 766 million yuan, an increase of 225 million yuan from the beginning of last year to the end of the reporting period of the previous year. A year-on-year increase of about 41.52%. Basic earnings per share were about 0.22 yuan, an increase of 0.06 yuan from the beginning of the previous year to the end of the previous year. "View details

Tongling Nonferrous: first-quarter profits up 40.49% from a year earlier

Tongling Nonferrous released its first-quarter 2018 results on April 27, reporting profits of 203 million yuan attributed to shareholders of listed companies, up 40.49 per cent from a year earlier. Previously, the market expected processing fees of about $85 to $86 per tonne in 2018, and the determined processing fees were lower than expected, indicating that the expected tight supply of mining copper is recognized by the market. In December 2017, Tongling Nonferrous and Freeport reached an agreement on a copper concentrate processing fee, reducing costs. "View details

Jingyi shares: first-quarter profits up 25.41% from a year earlier

Jingyi shares recently released its performance report for the first quarter of 2018, which showed that Jingyi shares' net profit attributable to shareholders of listed companies in the first quarter of 2018 was 17 million yuan, an increase of 25.41 percent over the same period last year. The investment in research and development of new products, strong market demand, the increase in product sales and the rise in product prices have become the key factors for the continuous improvement of the performance of Jingyi shares. "View details

Hailiang shares: step forward to achieve profit growth at the pace of "intellectual Building"

Recently, Heliang shares released a first-quarter results report showed that the profit attributed to shareholders of listed companies in the quarter was 250 million yuan, an increase of 49 million yuan from the beginning of last year to the end of the reporting period of the previous year, an increase of 24.61 percent over the same period last year. In 2017, Heliang shares has become a leader in the national copper processing industry, one of the most competitive copper processing enterprises in the world, and took the lead in the copper processing industry to take the lead in the development of "intelligent" modern industry. In addition, Heliang shares in 2017 to achieve the acquisition of three companies under the NORDA Group, and through technology to increase production and sales of copper, thereby stimulating performance growth. "View details

Chujiang New Materials: first-quarter profit up 23.57% from a year earlier

The company's net profit attributable to shareholders of listed companies was 102 million yuan in the first quarter of 2018, compared with 82 million yuan in the same period a year earlier, up 23.57 per cent from a year earlier, according to Chujiang's first-quarter results, released on April 25. "View details

Bowie Alloy: first-quarter profit up 21.9% from a year earlier

On April 28, Bowie Alloy reported its first-quarter results for 2018, saying that net profit attributable to shareholders of listed companies in the first quarter of 2018 was about 67 million yuan, compared with the same period last year (legally disclosed data). The increase was about 12 million yuan, an increase of about 21.9 per cent over the same period last year. The main products of Bowei alloy are "new materials + international new energy", which constructs the industrial pattern and international business platform of "new materials + international new energy" two-wheel drive. In new materials: the company is committed to high-performance, high-precision nonferrous alloy rod, wire, strip new material research and development, production and sales; In the international new energy: the company's main business for solar cells, module research and development, production and sales and power station development, the main products are polysilicon, monocrystalline silicon cells and components. In the future, a large number of copper alloy products are needed for connectors and thermal conductive materials in automotive electronics. with the further development of automotive electronics and intelligent vehicles, the performance of the company is expected to achieve further growth. "View details

Mengzhou shares: first-quarter loss rose sharply from a year earlier-96.47%

On April 28, Mengzhou shares released its results for the first quarter of 2018, which showed that the net profit attributed to shareholders of listed companies was about 500000 yuan, down about 14 million yuan from the same period last year, up 96.47 percent from the same period last year. The reason is that Hengxin Group, a shareholder in Mengzhou, plans to reduce its entire stake in the company. As of February, Hengxin Group directly held 28.5583 million shares in Mengzhou shares, accounting for 1.614 per cent of the company's total share capital. By the morning of February 1, Mengzhou shares closed down, closing at 3.2 yuan per share in the morning. Mengzhou shares were dragged down by shareholders' reduced holdings and the overall weakness of the market. "View details

Western Resources: net profit-29 million yuan better than in the same period last year

In the early morning of April 28, Western Resources released its performance report for the first quarter of 2018, with a net profit of-29 million yuan attributed to shareholders of listed companies, compared with-34 million yuan in the same period last year, and the specific growth rate is not applicable. Further verification is required. "View details

Some analysts believe that the pressure on China's copper industry to reform on the supply side is relatively small. however, considering the increase in the interference rate of overseas copper concentrates and the restrictions on the import of waste copper in China, there is no lack of medium-and long-term themes in the market. The factors that can restrict the copper price are the increase of the operation rate of the smelter and the low consumption of the copper terminal. In addition, the Sino-US trade war and customs tightening of scrap copper imports are also important factors affecting copper supply.