SMM2 13: recently, Nanjing Yunhai Special Metals Co., Ltd. ("Yunhai Metal") announced that in 2018, Yunhai Metal is expected to achieve business income of 5.1 billion yuan, an increase of 3.63% over the same period last year. The net profit belonging to shareholders of listed companies is expected to be 333 million yuan, an increase of 114.95 per cent over the same period last year. The company believes that the main reasons for the performance growth are: the increase in the sales price of the main products, the decrease in cost, the increase in profit and the receipt of government demolition compensation during the reporting period.

Yunhai metal: engaged in magnesium and magnesium alloy production

Nanjing Yunhai Special Metals Co., Ltd. was founded in 1993, is specializing in magnesium and magnesium alloy production; aluminum alloy ingots and aluminum rod production; magnesium, aluminum alloy die casting and extrusion production; Master alloy and gold belong to Sr production and sales of provincial high-tech enterprises. At present, the company has formed a complete magnesium industry chain of "dolomite mining-original magnesium smelting-magnesium alloy processing". In terms of technology, the company independently develops new varieties of magnesium and aluminum alloys and cooperates with downstream customers to open up the application field of magnesium and aluminum. The company has a number of its own technologies and patents. As of this reporting period, the company has 128 patents, including 17 invention patents. 111 patents for utility models.

Rising magnesium prices and higher performance of government demolition compensation

According to Caitong Nonferrous data, from 2017 to 2018, due to financial deleveraging and environmental protection, some former magnesium enterprises with high capital expenditure broke their capital chains and withdrew from the market. In Shaanxi and Shanxi, where production capacity is concentrated, there has also been a situation of shutdown and rectification, in which case the magnesium price has risen sharply, and the ex-factory price of magnesium has risen from 13600 yuan per ton to 18400 yuan per ton. In terms of government compensation, Suzhou Yunhai, a wholly-owned subsidiary of the company, received 170 million yuan in government demolition compensation, and the final payment was received on July 27, 2018, reflected in other earnings reported in the third quarter.

Baosteel Metal Investment boosts Light weight products of Baoshan Iron and Steel Co., Ltd.

On the evening of 22 October, Nanjing Yunhai Special Metals Co., Ltd. ("Yunhai Metals") issued an announcement, in order to speed up the strategic layout of the company, promote the application of light alloys, and promote the development of the industry, Plan to introduce Baosteel Metal Co., Ltd. ("Baosteel Metal") as the company's strategic shareholders, combined with the comprehensive advantages of both industries and financial capital to promote the development of the company.

It is reported that Baosteel, founded in December 2007, is one of China's Baowu diversified business sectors, covering metal products, industrial gases, automotive trade and services. Since its inception, Baosteel's metal businesses have grown rapidly, with revenue rising from 4.43 billion yuan at the beginning to 14.2 billion yuan in 2017, and total profits rising from 30 million yuan to 280 million yuan in 2017. At present, Baosteel Metal is focusing on the core business of products, around heavy traffic lightweight, to create a globally competitive first-class business.