124 million buy two stop production mineral Luo Ping zinc electric gourd sell what medicine?-Shanghai Metals Market

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124 million buy two stop production mineral Luo Ping zinc electric gourd sell what medicine?

Translation 10:37:31AM May 10, 2019 Source:Interface
The content below was translated by Tencent automatically for reference.

SMM network news: spend 124 million to buy two stop production minerals, last year a huge loss of Luo Ping zinc power (safeguard rights) gourd to sell what medicine?

Luo Ping Zinc Power is prepared to spend 124 million yuan to buy two companies that have lost money and stopped production.

Luo Ping Zinc Power is prepared to pay 124 million yuan to buy two companies that have lost money and stopped mining production.

On the evening of May 7, Luo Ping Zinc Power announced that it intended to acquire 100% of the shares of Yunnan Hongyuan Industrial Co., Ltd. (hereinafter referred to as Hongyuan Industry) and Qujing Hongan Mining Co., Ltd. (hereinafter referred to as Hongan Mining). The purchase prices are 90.4467 million yuan and 33.1338 million yuan respectively, totaling 124 million yuan. The above matters were approved by the board of directors of Luo Ping Zinc Electric Power Company by a unanimous vote.

Luo Ping Zinc Power said that the acquisition is the integration of the upstream and downstream industrial chain, which is conducive to improving its industrial concentration, realizing large-scale and intensive management, and improving the company's asset quality, profitability, market competitiveness and development potential.

However, not only are the two companies losing money, but their minerals are now out of production.

Hongyuan Industry's net profit from January to April 2019 was-557300 yuan. In 2018, its net profit was-1.0478 million yuan, and the balance of cash and cash equivalents at the end of the period was 700 yuan. In addition, Hongyuan is currently in a state of insolvent debt. Its net assets were-8.438 million yuan from January to April 2019 and-7.8807 million yuan in 2018.

Public information shows that Hongyuan Industry was established in December 2003, with a registered capital of 10 million yuan, legal representative Jiang Pan. Business scope for cold riveting and welding; common metal parts processing; building materials, decorative materials, metal materials, and other retail and purchasing agent sales; lead and zinc mine mining, processing and sales. On April 24, 2018, Hongyuan Industries increased its business scope by carrying out mineral exploration activities within the scope of the approved exploration license (projects that must be approved in accordance with the law can only be carried out with the approval of the relevant departments).

The mine of Hongyuan Industry is located in Jiaozishan, West County of Luo Ping. The mineral is called Hongan lead-Zinc Mine in Luoping County, Yunnan Hongyuan Industrial Co., Ltd., the mining area is 4.54 square kilometers, and the mining mine is lead ore. The mining license is valid from 6 August 2012 to 6 August 2022. However, the mine has been shut down for the past two years.

According to the Ministry of Natural Resources Information publicity system, in 2017, the designed mine (approved) of Hongan lead-Zinc Mine was 30,000 tons, and the actual annual ore volume was 0. The same is true of the mine in 2018. In addition, it failed to pay the deposit for the restoration of mine geological environment and land reclamation fees in 2017 and 2018. In 2017, the outstanding amounts of the above two payments were $1.1339 million and $741000 respectively; in 2018, they were $1.1339 million and $608600 respectively.

Hongan Mining, another company that Luo Ping Zinc Power plans to buy, is also losing money. From January to April 2019, the net profit was-30100 yuan and-52600 yuan in 2018. As at the end of 2018, the balance of cash and cash equivalents at the end of the year was 300 yuan.

Hongan Mining Mine is called Qujing Hongan Mining Co., Ltd. Tucheng lead-Zinc Mine (hereinafter referred to as Tucheng lead-Zinc Mine). The latest mining license is valid from August 21, 2017 to August 21, 2019. the mining area is 2.75 square kilometers. However, after normal mining in 2017, the mine was shut down in 2018.

The designed mine (approved) of Tucheng lead-Zinc Mine is 30,000 tons. In 2017, the actual mining capacity was 30,000 tons, but in 2018, the actual mining volume was 0.

In fact, in addition to the acquisition of two loss-making companies, Luo Ping Zinc Power's own performance has also suffered huge losses. Its 2018 annual report shows that during the reporting period, the revenue of Luo Ping Zinc Power was 1.074 billion yuan, down 33.66 percent from the same period last year, and the net profit was-258 million yuan, from profit to loss from the same period last year. Net assets were 1.54 billion yuan, down 14.53 percent from the same period last year.

As for the cause of the loss, Luo Ping Zinc Power said that in 2018, due to hidden environmental problems, the lead and zinc production line was shut down for nearly three months, resulting in a loss of more than 20 million yuan. During the shutdown period, on the one hand, the company went all out to dispose of lead-containing waste residue; on the other hand, it carried out quality improvement and rectification within the scope of the whole plant, and the company invested a total of about 190 million yuan. At the same time, it has set aside more than 31 million yuan for falling inventory prices, and lost more than 33 million yuan in the liquidation of fixed assets, resulting in a loss of about 258 million yuan in 2018.

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124 million buy two stop production mineral Luo Ping zinc electric gourd sell what medicine?

Translation 10:37:31AM May 10, 2019 Source:Interface
The content below was translated by Tencent automatically for reference.

SMM network news: spend 124 million to buy two stop production minerals, last year a huge loss of Luo Ping zinc power (safeguard rights) gourd to sell what medicine?

Luo Ping Zinc Power is prepared to spend 124 million yuan to buy two companies that have lost money and stopped production.

Luo Ping Zinc Power is prepared to pay 124 million yuan to buy two companies that have lost money and stopped mining production.

On the evening of May 7, Luo Ping Zinc Power announced that it intended to acquire 100% of the shares of Yunnan Hongyuan Industrial Co., Ltd. (hereinafter referred to as Hongyuan Industry) and Qujing Hongan Mining Co., Ltd. (hereinafter referred to as Hongan Mining). The purchase prices are 90.4467 million yuan and 33.1338 million yuan respectively, totaling 124 million yuan. The above matters were approved by the board of directors of Luo Ping Zinc Electric Power Company by a unanimous vote.

Luo Ping Zinc Power said that the acquisition is the integration of the upstream and downstream industrial chain, which is conducive to improving its industrial concentration, realizing large-scale and intensive management, and improving the company's asset quality, profitability, market competitiveness and development potential.

However, not only are the two companies losing money, but their minerals are now out of production.

Hongyuan Industry's net profit from January to April 2019 was-557300 yuan. In 2018, its net profit was-1.0478 million yuan, and the balance of cash and cash equivalents at the end of the period was 700 yuan. In addition, Hongyuan is currently in a state of insolvent debt. Its net assets were-8.438 million yuan from January to April 2019 and-7.8807 million yuan in 2018.

Public information shows that Hongyuan Industry was established in December 2003, with a registered capital of 10 million yuan, legal representative Jiang Pan. Business scope for cold riveting and welding; common metal parts processing; building materials, decorative materials, metal materials, and other retail and purchasing agent sales; lead and zinc mine mining, processing and sales. On April 24, 2018, Hongyuan Industries increased its business scope by carrying out mineral exploration activities within the scope of the approved exploration license (projects that must be approved in accordance with the law can only be carried out with the approval of the relevant departments).

The mine of Hongyuan Industry is located in Jiaozishan, West County of Luo Ping. The mineral is called Hongan lead-Zinc Mine in Luoping County, Yunnan Hongyuan Industrial Co., Ltd., the mining area is 4.54 square kilometers, and the mining mine is lead ore. The mining license is valid from 6 August 2012 to 6 August 2022. However, the mine has been shut down for the past two years.

According to the Ministry of Natural Resources Information publicity system, in 2017, the designed mine (approved) of Hongan lead-Zinc Mine was 30,000 tons, and the actual annual ore volume was 0. The same is true of the mine in 2018. In addition, it failed to pay the deposit for the restoration of mine geological environment and land reclamation fees in 2017 and 2018. In 2017, the outstanding amounts of the above two payments were $1.1339 million and $741000 respectively; in 2018, they were $1.1339 million and $608600 respectively.

Hongan Mining, another company that Luo Ping Zinc Power plans to buy, is also losing money. From January to April 2019, the net profit was-30100 yuan and-52600 yuan in 2018. As at the end of 2018, the balance of cash and cash equivalents at the end of the year was 300 yuan.

Hongan Mining Mine is called Qujing Hongan Mining Co., Ltd. Tucheng lead-Zinc Mine (hereinafter referred to as Tucheng lead-Zinc Mine). The latest mining license is valid from August 21, 2017 to August 21, 2019. the mining area is 2.75 square kilometers. However, after normal mining in 2017, the mine was shut down in 2018.

The designed mine (approved) of Tucheng lead-Zinc Mine is 30,000 tons. In 2017, the actual mining capacity was 30,000 tons, but in 2018, the actual mining volume was 0.

In fact, in addition to the acquisition of two loss-making companies, Luo Ping Zinc Power's own performance has also suffered huge losses. Its 2018 annual report shows that during the reporting period, the revenue of Luo Ping Zinc Power was 1.074 billion yuan, down 33.66 percent from the same period last year, and the net profit was-258 million yuan, from profit to loss from the same period last year. Net assets were 1.54 billion yuan, down 14.53 percent from the same period last year.

As for the cause of the loss, Luo Ping Zinc Power said that in 2018, due to hidden environmental problems, the lead and zinc production line was shut down for nearly three months, resulting in a loss of more than 20 million yuan. During the shutdown period, on the one hand, the company went all out to dispose of lead-containing waste residue; on the other hand, it carried out quality improvement and rectification within the scope of the whole plant, and the company invested a total of about 190 million yuan. At the same time, it has set aside more than 31 million yuan for falling inventory prices, and lost more than 33 million yuan in the liquidation of fixed assets, resulting in a loss of about 258 million yuan in 2018.

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business