The third Quarterly report of 2018 ended today with a poor record of zinc-related listed companies.-Shanghai Metals Market

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The third Quarterly report of 2018 ended today with a poor record of zinc-related listed companies.

Translation 02:46:10PM Oct 31, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, March 31: 2018, zinc prices rose a few years ago continued to fall, so far, the Shanghai zinc index reached its highest price of 27155 yuan / ton all the way down, the lowest level fell to 19520 yuan / ton, down 16.90%.

In the early stages, the collapse of zinc prices was mainly affected by macro and other factors, and the supply of superimposed mines was expected to increase. The rising trade war between China and the United States has brought greater pressure on zinc prices. When macro events stimulate market risk aversion, the role of zinc short allocation returns to the perspective of investors, and the negative expectations of fundamentals are magnified, resulting in an emotional decline. However, the macro trade war is only a catalyst, and the fundamental reason for the weakness of zinc prices lies in the fundamentals. In the first three quarters, in addition to being affected by environmental factors such as supply, weak demand is also one of the performance of the zinc market.

Recently, the third quarter results of zinc-related listed companies have been announced one after another. On the whole, most enterprises have declined in their performance. The fall of zinc price, the rise of sales cost, the influence of enterprise shutdown under the heavy pressure of environmental protection, the adjustment of internal strategy and so on are all the reasons that affect the decline of performance.

Specific performance of relevant listed companies

[Western Mining: the net profit of the first three quarters increased by 114 per cent year-on-year] the western mining industry disclosed its results on the evening of October 15. It is expected that the net profit of the first three quarters will increase by 362 million yuan compared with the same period last year, an increase of about 114 per cent over the same period last year. The market price of the company's main products rose compared with the same period last year; the company completed the acquisition of the equity of Sichuan Huidong Daliang Mining Co., Ltd., which contributed greatly to the profit of the company. The company said that the sales cost of the current period increased by 32% over the same period last year, mainly due to the increase in sales of non-ferrous metal mining and metallurgy products in this period compared with the same period last year. "View detail

Zijin Mining Industry: the net profit of 3.352 billion yuan in the first three quarters increased 51 per cent compared with the same period last year. Zijin Mining disclosed three quarterly reports on the evening of October 26. the company achieved 76.173 billion yuan in operating income in the first three quarters of 2018, an increase of 22.90 percent over the same period last year. Net profit was 3.352 billion yuan, an increase of 51.40 per cent over the same period last year. The income per share is 0.15 yuan. On the shareholder side, the company's stake fell to 2.99% from 4.34% at the end of the second quarter. "View detail

[Chi Hong Zinc: 837 million net profit in the third quarter of 2018 decreased 2.59% compared with the same period last year] on October 19, Chi Hong Zinc Germanium released the third quarter report of 2018, the company realized business income of 15.603 billion yuan from January to September 2018, an increase of 11.1% over the same period last year; The non-ferrous smelting and processing industry has disclosed that the average operating income growth rate of individual stocks in the third quarter is 8.48%; The net profit belonging to the shareholders of the listed company was 837 million yuan, down 2.59% from the same period last year. The non-ferrous smelting and processing industry has disclosed that the average net profit growth rate of individual stocks in the third quarter is 47.09%, and the company's earnings per share is 0.16%. "View detail

[Tibet Everest reported a 6.77% drop in net profit in the first three quarters of the third quarter] on October 27, Mount Qomolangma in Tibet released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 1570075791.67 yuan, down 11.42 percent from the same period last year, and the net profit attributable to shareholders of listed companies was 768514855.59 yuan, down 6.77 percent from the same period last year. "View detail

[zinc Industry shares reported three quarters of net profit decreased by 55.93% in the first three quarters] on October 26, Zinc Industry shares issued a third-quarter report. According to the announcement, the company's operating income in the first three quarters was 5935110557.60 yuan, an increase of 23.74 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 54442484.92 yuan, down 55.93 percent from the same period last year. "View detail

[HTC shares reported a 92.33% decrease in net profit in the first three quarters of the third quarter] on October 30, HTC shares released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 3549634899.70 yuan, an increase of 3.86 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 16536131.86 yuan, down 92.33 percent from the same period last year. "View detail

[Luoping Zinc Power: net profit for the third quarter of 2018-141 million down 395.88% from the same period last year] on October 19, Luoping Zinc Power released its third quarter report of 2018, which showed that the company suffered huge losses in the first three quarters. And the full-year loss is expected to expand further. The latest quarterly report for 2018 shows that operating income in the first three quarters was 774 million yuan, down 30.47 percent from a year earlier, and net profit attributable to shareholders of listed companies was-141 million yuan, down 395.88 percent from a year earlier. At the same time, the company issued a forecast for 2018 results, predicting that the company's net profit for the whole year of 2018 is-198 million yuan to-178 million yuan, compared with 55.2897 million yuan in the same period last year, down 458.11% to 421.94% from the same period last year. The company said that the price of zinc ingots continued to fall, and the reduction in processing fees for the purchase of raw materials gradually decreased, resulting in a decline in the gross profit margin of zinc ingots, the company's main product. According to the requirements of the rectification and reform of the hidden dangers of environmental protection, the lead waste in the slag warehouse of the company must be cleaned up and disposed of on schedule, and the company will carry out outward transportation and disposal in the form of payment, resulting in the occurrence of disposal fees. At the same time, the company zinc plant quality rectification and cleaning up scrapped part of the fixed assets, resulting in an increase in losses. Due to the stop of production and rectification of zinc smelting, the zinc oxide powder and H2SO3 zinc recovered from the waste residue of the comprehensive utilization plant continue to increase. Due to the limited storage capacity of the warehouse and other reasons, the equipment must be exported to ensure the normal operation of the equipment, resulting in an increase in losses. "View detail

[Zhuzhou Metallurgical Group reported a 3749.5% decrease in net profit in the first three quarters of the third quarter] on October 30, Zhuzhou Metallurgical Group released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 8967431038.46 yuan, down 11.22 percent from the same period last year, and the net profit attributable to shareholders of listed companies was-1571356324.58 yuan, down 3749.5 percent from the same period last year. The company said that in accordance with the requirements of the state and the government of the place where the company is located, the company intends to shut down the smelting capacity in the Qingshuitang area within the time required by the government departments, and the company carries out asset disposal to calculate the impairment loss of fixed assets due to insufficient government compensation. The cumulative net profit is expected to be a substantial loss. "View detail

The third Quarterly report of 2018 ended today with a poor record of zinc-related listed companies.

Translation 02:46:10PM Oct 31, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, March 31: 2018, zinc prices rose a few years ago continued to fall, so far, the Shanghai zinc index reached its highest price of 27155 yuan / ton all the way down, the lowest level fell to 19520 yuan / ton, down 16.90%.

In the early stages, the collapse of zinc prices was mainly affected by macro and other factors, and the supply of superimposed mines was expected to increase. The rising trade war between China and the United States has brought greater pressure on zinc prices. When macro events stimulate market risk aversion, the role of zinc short allocation returns to the perspective of investors, and the negative expectations of fundamentals are magnified, resulting in an emotional decline. However, the macro trade war is only a catalyst, and the fundamental reason for the weakness of zinc prices lies in the fundamentals. In the first three quarters, in addition to being affected by environmental factors such as supply, weak demand is also one of the performance of the zinc market.

Recently, the third quarter results of zinc-related listed companies have been announced one after another. On the whole, most enterprises have declined in their performance. The fall of zinc price, the rise of sales cost, the influence of enterprise shutdown under the heavy pressure of environmental protection, the adjustment of internal strategy and so on are all the reasons that affect the decline of performance.

Specific performance of relevant listed companies

[Western Mining: the net profit of the first three quarters increased by 114 per cent year-on-year] the western mining industry disclosed its results on the evening of October 15. It is expected that the net profit of the first three quarters will increase by 362 million yuan compared with the same period last year, an increase of about 114 per cent over the same period last year. The market price of the company's main products rose compared with the same period last year; the company completed the acquisition of the equity of Sichuan Huidong Daliang Mining Co., Ltd., which contributed greatly to the profit of the company. The company said that the sales cost of the current period increased by 32% over the same period last year, mainly due to the increase in sales of non-ferrous metal mining and metallurgy products in this period compared with the same period last year. "View detail

Zijin Mining Industry: the net profit of 3.352 billion yuan in the first three quarters increased 51 per cent compared with the same period last year. Zijin Mining disclosed three quarterly reports on the evening of October 26. the company achieved 76.173 billion yuan in operating income in the first three quarters of 2018, an increase of 22.90 percent over the same period last year. Net profit was 3.352 billion yuan, an increase of 51.40 per cent over the same period last year. The income per share is 0.15 yuan. On the shareholder side, the company's stake fell to 2.99% from 4.34% at the end of the second quarter. "View detail

[Chi Hong Zinc: 837 million net profit in the third quarter of 2018 decreased 2.59% compared with the same period last year] on October 19, Chi Hong Zinc Germanium released the third quarter report of 2018, the company realized business income of 15.603 billion yuan from January to September 2018, an increase of 11.1% over the same period last year; The non-ferrous smelting and processing industry has disclosed that the average operating income growth rate of individual stocks in the third quarter is 8.48%; The net profit belonging to the shareholders of the listed company was 837 million yuan, down 2.59% from the same period last year. The non-ferrous smelting and processing industry has disclosed that the average net profit growth rate of individual stocks in the third quarter is 47.09%, and the company's earnings per share is 0.16%. "View detail

[Tibet Everest reported a 6.77% drop in net profit in the first three quarters of the third quarter] on October 27, Mount Qomolangma in Tibet released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 1570075791.67 yuan, down 11.42 percent from the same period last year, and the net profit attributable to shareholders of listed companies was 768514855.59 yuan, down 6.77 percent from the same period last year. "View detail

[zinc Industry shares reported three quarters of net profit decreased by 55.93% in the first three quarters] on October 26, Zinc Industry shares issued a third-quarter report. According to the announcement, the company's operating income in the first three quarters was 5935110557.60 yuan, an increase of 23.74 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 54442484.92 yuan, down 55.93 percent from the same period last year. "View detail

[HTC shares reported a 92.33% decrease in net profit in the first three quarters of the third quarter] on October 30, HTC shares released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 3549634899.70 yuan, an increase of 3.86 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 16536131.86 yuan, down 92.33 percent from the same period last year. "View detail

[Luoping Zinc Power: net profit for the third quarter of 2018-141 million down 395.88% from the same period last year] on October 19, Luoping Zinc Power released its third quarter report of 2018, which showed that the company suffered huge losses in the first three quarters. And the full-year loss is expected to expand further. The latest quarterly report for 2018 shows that operating income in the first three quarters was 774 million yuan, down 30.47 percent from a year earlier, and net profit attributable to shareholders of listed companies was-141 million yuan, down 395.88 percent from a year earlier. At the same time, the company issued a forecast for 2018 results, predicting that the company's net profit for the whole year of 2018 is-198 million yuan to-178 million yuan, compared with 55.2897 million yuan in the same period last year, down 458.11% to 421.94% from the same period last year. The company said that the price of zinc ingots continued to fall, and the reduction in processing fees for the purchase of raw materials gradually decreased, resulting in a decline in the gross profit margin of zinc ingots, the company's main product. According to the requirements of the rectification and reform of the hidden dangers of environmental protection, the lead waste in the slag warehouse of the company must be cleaned up and disposed of on schedule, and the company will carry out outward transportation and disposal in the form of payment, resulting in the occurrence of disposal fees. At the same time, the company zinc plant quality rectification and cleaning up scrapped part of the fixed assets, resulting in an increase in losses. Due to the stop of production and rectification of zinc smelting, the zinc oxide powder and H2SO3 zinc recovered from the waste residue of the comprehensive utilization plant continue to increase. Due to the limited storage capacity of the warehouse and other reasons, the equipment must be exported to ensure the normal operation of the equipment, resulting in an increase in losses. "View detail

[Zhuzhou Metallurgical Group reported a 3749.5% decrease in net profit in the first three quarters of the third quarter] on October 30, Zhuzhou Metallurgical Group released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 8967431038.46 yuan, down 11.22 percent from the same period last year, and the net profit attributable to shareholders of listed companies was-1571356324.58 yuan, down 3749.5 percent from the same period last year. The company said that in accordance with the requirements of the state and the government of the place where the company is located, the company intends to shut down the smelting capacity in the Qingshuitang area within the time required by the government departments, and the company carries out asset disposal to calculate the impairment loss of fixed assets due to insufficient government compensation. The cumulative net profit is expected to be a substantial loss. "View detail