China Gold Lingnan Mineral lead and Zinc increased by 1.76% in the first half of the year compared with the same period last year, smelting lead and Zinc production decreased by 6.94% compared with the same period last year.-Shanghai Metals Market

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China Gold Lingnan Mineral lead and Zinc increased by 1.76% in the first half of the year compared with the same period last year, smelting lead and Zinc production decreased by 6.94% compared with the same period last year.

Translation 11:32:38AM Aug 29, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM8, 29 August: on August 28, CICC Lingnan issued a semi-annual report, which showed that the company's half-annual operating income was 11384048703.39 yuan, an increase of 15.25 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 606689539.86 yuan, an increase of 9.89 percent over the same period last year.

The completion of the output of the company's main products:

During the reporting period, mining enterprises produced 152400 tons of lead and zinc concentrate, an increase of 1.76 percent over the same period last year, and 356600 tons of sulfur concentrate, an increase of 3.37 percent over the same period last year. The concentrate contains 68.16 tons of silver, a decrease of 1.27 percent over the same period last year, 131500 tons of lead and zinc products produced by smelting enterprises, down 6.94 percent over the same period last year, and 107100 tons of industrial sulfuric acid, down 10.65 percent over the same period last year. Processing enterprises produced 8800 tons of aluminum profiles, an increase of 11.32 percent over the same period last year, and 209800 square meters of doors, windows and curtain wall projects, down 5.47 percent over the same period last year. The production of battery zinc powder was 5600 tons, down 8.17 percent from the same period last year; flake zinc powder was 103tons, down 6.36 percent from the same period last year; punched nickel-plated steel strip was 434tons, down 12.15 percent from the same period last year.

The market position and competitive advantage of the company in the whole industry or regional market:

In the first half of 2018, it was estimated that domestic mining enterprises produced 910000 tons of lead metal in lead concentrate and 25400 tons in Lingnan, accounting for 2.8% of the total. Smelting enterprises mineral lead 1.358 million tons, Zhongjin Lingnan production 21600 tons, accounting for 1.6%; domestic mining enterprises cumulative production of zinc concentrate zinc metal volume of 1.927 million tons, Zhongjin Lingnan production 62700 tons, accounting for 3.3%; The refined zinc output of smelting enterprises is 2.82 million tons, and the production of Zhongjin Lingnan is 109900 tons, accounting for 3.9%.

The company has Fankou lead-zinc mine in China, two large lead-zinc mines in Brokenhill lead-zinc mine in Australia, and copper, lead, zinc, gold and silver and other polymetallic mines in Guangxi, Dominica and other countries and regions in China. The company controls the amount of lead and zinc metal resources of more than 10 million tons, the annual output of lead and zinc metal is about 300000 tons, the resource self-sufficiency rate is 100%. Thanks to a number of high-grade, low-impurity large lead-zinc mines owned by the company, the company can produce high-quality lead-zinc-copper concentrate at lower cost.

China Gold Lingnan Mineral lead and Zinc increased by 1.76% in the first half of the year compared with the same period last year, smelting lead and Zinc production decreased by 6.94% compared with the same period last year.

Translation 11:32:38AM Aug 29, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM8, 29 August: on August 28, CICC Lingnan issued a semi-annual report, which showed that the company's half-annual operating income was 11384048703.39 yuan, an increase of 15.25 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 606689539.86 yuan, an increase of 9.89 percent over the same period last year.

The completion of the output of the company's main products:

During the reporting period, mining enterprises produced 152400 tons of lead and zinc concentrate, an increase of 1.76 percent over the same period last year, and 356600 tons of sulfur concentrate, an increase of 3.37 percent over the same period last year. The concentrate contains 68.16 tons of silver, a decrease of 1.27 percent over the same period last year, 131500 tons of lead and zinc products produced by smelting enterprises, down 6.94 percent over the same period last year, and 107100 tons of industrial sulfuric acid, down 10.65 percent over the same period last year. Processing enterprises produced 8800 tons of aluminum profiles, an increase of 11.32 percent over the same period last year, and 209800 square meters of doors, windows and curtain wall projects, down 5.47 percent over the same period last year. The production of battery zinc powder was 5600 tons, down 8.17 percent from the same period last year; flake zinc powder was 103tons, down 6.36 percent from the same period last year; punched nickel-plated steel strip was 434tons, down 12.15 percent from the same period last year.

The market position and competitive advantage of the company in the whole industry or regional market:

In the first half of 2018, it was estimated that domestic mining enterprises produced 910000 tons of lead metal in lead concentrate and 25400 tons in Lingnan, accounting for 2.8% of the total. Smelting enterprises mineral lead 1.358 million tons, Zhongjin Lingnan production 21600 tons, accounting for 1.6%; domestic mining enterprises cumulative production of zinc concentrate zinc metal volume of 1.927 million tons, Zhongjin Lingnan production 62700 tons, accounting for 3.3%; The refined zinc output of smelting enterprises is 2.82 million tons, and the production of Zhongjin Lingnan is 109900 tons, accounting for 3.9%.

The company has Fankou lead-zinc mine in China, two large lead-zinc mines in Brokenhill lead-zinc mine in Australia, and copper, lead, zinc, gold and silver and other polymetallic mines in Guangxi, Dominica and other countries and regions in China. The company controls the amount of lead and zinc metal resources of more than 10 million tons, the annual output of lead and zinc metal is about 300000 tons, the resource self-sufficiency rate is 100%. Thanks to a number of high-grade, low-impurity large lead-zinc mines owned by the company, the company can produce high-quality lead-zinc-copper concentrate at lower cost.