[SMM special topic] lead enterprises have mixed results in the third quarter under the heavy pressure of environmental protection.-Shanghai Metals Market

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[SMM special topic] lead enterprises have mixed results in the third quarter under the heavy pressure of environmental protection.

Translation 08:51:58AM Nov 01, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 31 March: in the first three quarters of 2018, under the heavy pressure of environmental protection, many small and medium-sized enterprises were suspended from production and limited production, which had a certain impact on lead supply in some areas. Although environmental protection is the main factor affecting the trend of lead prices in 2018, the rising macro trade war between China and the United States this year has brought greater pressure on lead prices. In addition, the growth rate of downstream demand has slowed and the trend in the weak and peak season of the lead battery market is abnormal. It also forms resistance to the price of lead.

The third quarter results of the relevant listed companies have also been announced one after another recently. The performance of the relevant listed companies in the lead industry has been mixed. As we all know, environmental protection is the main theme of the lead market in 2018. Some enterprises are forced to stop production and limit production under the heavy pressure of environmental protection, affecting production capacity. In addition, the impact of macro factors is also one of the reasons for the decline of the performance of some enterprises.

At the same time, some enterprises actively adjust the strategic layout to achieve a substantial increase in performance of the gratifying war situation!

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

[Shengda Mining's net profit in the first three quarters increased 45 per cent compared with the same period last year] on the evening of October 15, Shengda Mining announced three quarterly reports, with operating income of 1.48 billion yuan in the first three quarters, an increase of 95.13 percent over the same period last year. Net profit was 253 million yuan, an increase of 45.03 percent over the same period last year, and earnings per share thickened from 0.24 yuan to 0.37 yuan. According to the company, the growth was mainly due to the increase in sales of main products and non-ferrous metal trade income and net profit of its subsidiaries. "View detail

[industrial Mining: the net profit of the first three quarters increased by 41 per cent compared with the same period last year] the company disclosed three quarterly reports on the evening of October 30, according to which the company achieved operating income of 1.785 billion yuan in the first three quarters, an increase of 23.35 percent over the same period last year. Net profit was 567 million yuan, an increase of 41.38 percent over the same period last year, and basic earnings per share were 0.30 yuan. The company said that during the reporting period, the sales price of zinc powder rose compared with the same period last year, and the number of operating profits in the current period increased significantly compared with the previous period. "View detail

[Nandu Power reported a 18.35% increase in net profit in the first three quarters of the third quarter] on October 27, Nandu Power released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 6588643462.24 yuan, an increase of 3.7 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 433789989.55 yuan, an increase of 18.35 percent over the same period last year. "View detail

[camel shares reported a 10.99% increase in net profit in the first three quarters of the third quarter] on October 25, Camel shares released a third-quarter report. According to the announcement, the company's operating income in the first three quarters was 6546230609.31 yuan, an increase of 25.04 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 378476161.56 yuan, an increase of 10.99 percent over the same period last year. "View detail

[Western Materials reported a 4.19% increase in net profit in the first three quarters of the third quarter] on October 26, Western Materials released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 1160522819.85 yuan, an increase of 15.28 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 37194618.43 yuan, an increase of 4.19 percent over the same period last year. On the reasons for the performance changes, the company said that the company in the market development and innovation development and other aspects of remarkable results, to promote the company's operating conditions continue to improve. "View detail

[CICC Lingnan reported a 10.8% drop in net profit in the first three quarters of the third quarter] on October 30, CICC Lingnan released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 17005129981.37 yuan, an increase of 14.67 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 769742815.52 yuan, down 10.8 percent from the same period last year. The company said that during the reporting period, position derivatives faced the risk of floating or maturing losses caused by rising market prices. The company preserved the value of its main products, lead, zinc, copper and silver, and reasonably controlled the proportion of its value. The risk brought about by price increases can be controlled. "View detail

[China Color shares reported a 21.45% decrease in net profit in the first three quarters of the third quarter] October 30 news, China Color shares issued the third quarterly report. According to the announcement, the company's operating income in the first three quarters was 10741962256.97 yuan, down 2.39 percent from the same period last year, and the net profit attributable to shareholders of listed companies was 169697537.33 yuan, down 21.45 percent from the same period last year. "View detail

[Wolong Electric reported a 34.89% drop in net profit in the first three quarters of the third quarter] October 30 news, Wolong Electric released the third quarterly report. According to the announcement, the company's operating income in the first three quarters was 8224724819.65 yuan, an increase of 8.27 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 445577807.29 yuan, down 34.89 percent from the same period last year. "View detail

[Yuguang Gold lead reported a decrease of 80.1% in the first three quarters of the third quarter] October 30 news, Yuguang Gold lead released the third quarterly report. According to the announcement, the company's operating income in the first three quarters was 13662236510.11 yuan, an increase of 11.95 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 31295535.36 yuan, down 80.1 percent from the same period last year. "View detail

[Raptor Technology's first three quarters net profit-587 million expected full-year loss of 10-1.4 billion yuan] on October 24, Guangdong Mengshi New Energy Technology Co., Ltd. announced the third quarterly report of 2018, the company's revenue for the first three quarters was 1.145 billion yuan. 53.82% less than the same period last year; The net profit belonging to the shareholders of listed companies was-587 million yuan, down 734.19 per cent from the same period last year. At the same time, the company expects to lose 1 billion yuan to 1.4 billion yuan for the whole of 2018. The company said that as most of the company's due financing failed to renew the loan, the repayment of such financing squeezed out a large number of liquidity of the company, resulting in a shortage of operating funds. Due to the impact of the company's cash flow, the business of each sector has not been carried out as expected, resulting in performance changes. "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

Key Words:  Environmental  lead  third quarter  results 

[SMM special topic] lead enterprises have mixed results in the third quarter under the heavy pressure of environmental protection.

Translation 08:51:58AM Nov 01, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM10, 31 March: in the first three quarters of 2018, under the heavy pressure of environmental protection, many small and medium-sized enterprises were suspended from production and limited production, which had a certain impact on lead supply in some areas. Although environmental protection is the main factor affecting the trend of lead prices in 2018, the rising macro trade war between China and the United States this year has brought greater pressure on lead prices. In addition, the growth rate of downstream demand has slowed and the trend in the weak and peak season of the lead battery market is abnormal. It also forms resistance to the price of lead.

The third quarter results of the relevant listed companies have also been announced one after another recently. The performance of the relevant listed companies in the lead industry has been mixed. As we all know, environmental protection is the main theme of the lead market in 2018. Some enterprises are forced to stop production and limit production under the heavy pressure of environmental protection, affecting production capacity. In addition, the impact of macro factors is also one of the reasons for the decline of the performance of some enterprises.

At the same time, some enterprises actively adjust the strategic layout to achieve a substantial increase in performance of the gratifying war situation!

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

[Shengda Mining's net profit in the first three quarters increased 45 per cent compared with the same period last year] on the evening of October 15, Shengda Mining announced three quarterly reports, with operating income of 1.48 billion yuan in the first three quarters, an increase of 95.13 percent over the same period last year. Net profit was 253 million yuan, an increase of 45.03 percent over the same period last year, and earnings per share thickened from 0.24 yuan to 0.37 yuan. According to the company, the growth was mainly due to the increase in sales of main products and non-ferrous metal trade income and net profit of its subsidiaries. "View detail

[industrial Mining: the net profit of the first three quarters increased by 41 per cent compared with the same period last year] the company disclosed three quarterly reports on the evening of October 30, according to which the company achieved operating income of 1.785 billion yuan in the first three quarters, an increase of 23.35 percent over the same period last year. Net profit was 567 million yuan, an increase of 41.38 percent over the same period last year, and basic earnings per share were 0.30 yuan. The company said that during the reporting period, the sales price of zinc powder rose compared with the same period last year, and the number of operating profits in the current period increased significantly compared with the previous period. "View detail

[Nandu Power reported a 18.35% increase in net profit in the first three quarters of the third quarter] on October 27, Nandu Power released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 6588643462.24 yuan, an increase of 3.7 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 433789989.55 yuan, an increase of 18.35 percent over the same period last year. "View detail

[camel shares reported a 10.99% increase in net profit in the first three quarters of the third quarter] on October 25, Camel shares released a third-quarter report. According to the announcement, the company's operating income in the first three quarters was 6546230609.31 yuan, an increase of 25.04 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 378476161.56 yuan, an increase of 10.99 percent over the same period last year. "View detail

[Western Materials reported a 4.19% increase in net profit in the first three quarters of the third quarter] on October 26, Western Materials released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 1160522819.85 yuan, an increase of 15.28 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 37194618.43 yuan, an increase of 4.19 percent over the same period last year. On the reasons for the performance changes, the company said that the company in the market development and innovation development and other aspects of remarkable results, to promote the company's operating conditions continue to improve. "View detail

[CICC Lingnan reported a 10.8% drop in net profit in the first three quarters of the third quarter] on October 30, CICC Lingnan released its third quarterly report. According to the announcement, the company's operating income in the first three quarters was 17005129981.37 yuan, an increase of 14.67 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 769742815.52 yuan, down 10.8 percent from the same period last year. The company said that during the reporting period, position derivatives faced the risk of floating or maturing losses caused by rising market prices. The company preserved the value of its main products, lead, zinc, copper and silver, and reasonably controlled the proportion of its value. The risk brought about by price increases can be controlled. "View detail

[China Color shares reported a 21.45% decrease in net profit in the first three quarters of the third quarter] October 30 news, China Color shares issued the third quarterly report. According to the announcement, the company's operating income in the first three quarters was 10741962256.97 yuan, down 2.39 percent from the same period last year, and the net profit attributable to shareholders of listed companies was 169697537.33 yuan, down 21.45 percent from the same period last year. "View detail

[Wolong Electric reported a 34.89% drop in net profit in the first three quarters of the third quarter] October 30 news, Wolong Electric released the third quarterly report. According to the announcement, the company's operating income in the first three quarters was 8224724819.65 yuan, an increase of 8.27 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 445577807.29 yuan, down 34.89 percent from the same period last year. "View detail

[Yuguang Gold lead reported a decrease of 80.1% in the first three quarters of the third quarter] October 30 news, Yuguang Gold lead released the third quarterly report. According to the announcement, the company's operating income in the first three quarters was 13662236510.11 yuan, an increase of 11.95 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 31295535.36 yuan, down 80.1 percent from the same period last year. "View detail

[Raptor Technology's first three quarters net profit-587 million expected full-year loss of 10-1.4 billion yuan] on October 24, Guangdong Mengshi New Energy Technology Co., Ltd. announced the third quarterly report of 2018, the company's revenue for the first three quarters was 1.145 billion yuan. 53.82% less than the same period last year; The net profit belonging to the shareholders of listed companies was-587 million yuan, down 734.19 per cent from the same period last year. At the same time, the company expects to lose 1 billion yuan to 1.4 billion yuan for the whole of 2018. The company said that as most of the company's due financing failed to renew the loan, the repayment of such financing squeezed out a large number of liquidity of the company, resulting in a shortage of operating funds. Due to the impact of the company's cash flow, the business of each sector has not been carried out as expected, resulting in performance changes. "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

Key Words:  Environmental  lead  third quarter  results