[SMM Statistics] performance Summary of 12 listed companies in Copper Industry chain in the first quarter-Shanghai Metals Market

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[SMM Statistics] performance Summary of 12 listed companies in Copper Industry chain in the first quarter

Translation 04:44:26PM May 15, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 15: after the end of the first quarter of this year, the major copper industry chain listed companies have disclosed the results of this quarter. SMM counted the results of 12 listed companies in the copper industry chain in the first quarter of 2019 and the same period last year, covering the upper and middle stages of the domestic copper industry chain, including western resources, Zijin mining, western mining, and Tibet mining. Jiangxi Copper, Yunnan Copper, Tongling Nonferrous, Hailang shares, Jingyi shares, Lianchang Optoelectronics, Chujiang New Materials, Mengzhou shares and other enterprises.

Of these companies, 80 per cent reported positive net profit growth in the first quarter.

Source: company announcement

Zijin Mining (601899) had operating income of 29.042 billion yuan in the first quarter of 2019, up 27.03 per cent from the same period last year. The net profit attributable to the first quarter of this year also reached 874 million, down from the same period last year. Zijin Mining announced that the main reason for the decline in net profit is that the zinc plate is a small drag on performance.

Jiangxi Copper (600362) had operating income of 48.859 billion yuan in the first quarter of 2019, down 3.46 per cent from a year earlier. Net profit in the first quarter of this year was 742 million yuan, down slightly from 766 million yuan in the first quarter of last year. Jiangxi Copper said in its 2018 annual report that the company's current development is in line with expectations, but due to non-recurrent profits and losses, has had a certain impact on the operation of the company.

Hailiang shares (002203) achieved revenue of 8.465 billion yuan in the first quarter of this year, and net profit increased by 300 million yuan compared with the same period last year. Hailiang shares have been committed to the research and development, production, sales and service of high-grade copper products, conductive profiles and aluminum profiles, and have been in a leading position in the copper bar industry. This year, Hai Liang's overseas territory has also become wider and wider, providing a boost to its deep ploughing in the copper industry chain.

Tongling Nonferrous (000630) operating income reached 23.177 billion yuan in the first quarter of this year, up 30.75 percent from 17.726 billion yuan in the first quarter of last year. Net profit also rose 39.3 per cent to 280 million yuan, up from 201 million yuan in the first quarter of last year. And the net cash flow generated by business activities was 280571804.78 yuan, which changed from negative to positive compared with the same period last year, mainly due to the larger amount of cash paid for purchasing goods and receiving labor services.

Western Mining (601168) reported revenue of 7.879 billion yuan in the first quarter of 2019, an increase of 17.3 per cent over the same period last year. But net profit fell, to 28.4%. The western mining industry involves many fields, mainly engaged in copper, lead, zinc, iron and other basic non-ferrous metals.

Yunnan Copper (000878) reported revenue of 11.412 billion yuan in the first quarter of this year, an increase of 22.82 per cent over the same period last year. Net profit reached 174 million yuan in the first quarter, an increase of 61 per cent. Yunnan copper industry is a leader in the industry, set mining, smelting as one, but also the production and sale of copper concentrate and other metal ores, deep foundation in the copper industry chain.

Chujiang Xinji (002171) reported revenue of 2.95 billion yuan in the first quarter of this year, down 1.99 per cent from the same period last year. Net profit fell by 28.43%. In its 2018 annual report, Chujiang Xinshi said that non-recurrent profits and losses had a significant impact on the company's performance, and that the increase in profits was partly due to government subsidies.

Lianchuang Optoelectronics (600363) achieved 926 million yuan in revenue in the first quarter of this year, a significant increase of 17.22 percent over last year, but its net profit fell by 32.56 percent. The main business of Lianchuang Optoelectronics is the research and development, production and sales of optoelectronic devices and applications, wire and cable products, from the middle and lower reaches of the copper industry chain.

Jingyi (002295) had revenue of 1.36 billion yuan in the first quarter of 2019, an increase of 6.25 per cent over the same period last year. Net profit was 17.27 million yuan, a steady decline from 2018, down only 0.52 per cent. Trading products and precision copper tubes are the main sources of revenue for fine arts shares, accounting for 54.3 per cent and 41.7 per cent, respectively.

Tibet Mining (000762) had revenue of 54 million yuan in the first quarter of this year, down sharply from the same period last year. Net profit improved from negative growth in 2018 and returned to profitability.

Western Resources (600139) operating income reached 36 million yuan in the first quarter of 2019, down 10 per cent from the same period last year. Net profit attributable to the first quarter of 2019 remained at-15 million yuan, but improved from a net profit loss of 29 million yuan in 2018. The main business of western resources is related to new energy vehicles and mineral resources, including new energy vehicle manufacturing business, financial leasing business and mineral resources business.

Mengzhou shares (600255) had revenue of 804 million yuan in the first quarter of this year, down 35.37 per cent from the same period. Net profit also showed negative growth. Mengzhou shares involve many links of copper industry chain, including copper and copper alloy plate, strip, wire and so on.

[SMM Statistics] performance Summary of 12 listed companies in Copper Industry chain in the first quarter

Translation 04:44:26PM May 15, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 15: after the end of the first quarter of this year, the major copper industry chain listed companies have disclosed the results of this quarter. SMM counted the results of 12 listed companies in the copper industry chain in the first quarter of 2019 and the same period last year, covering the upper and middle stages of the domestic copper industry chain, including western resources, Zijin mining, western mining, and Tibet mining. Jiangxi Copper, Yunnan Copper, Tongling Nonferrous, Hailang shares, Jingyi shares, Lianchang Optoelectronics, Chujiang New Materials, Mengzhou shares and other enterprises.

Of these companies, 80 per cent reported positive net profit growth in the first quarter.

Source: company announcement

Zijin Mining (601899) had operating income of 29.042 billion yuan in the first quarter of 2019, up 27.03 per cent from the same period last year. The net profit attributable to the first quarter of this year also reached 874 million, down from the same period last year. Zijin Mining announced that the main reason for the decline in net profit is that the zinc plate is a small drag on performance.

Jiangxi Copper (600362) had operating income of 48.859 billion yuan in the first quarter of 2019, down 3.46 per cent from a year earlier. Net profit in the first quarter of this year was 742 million yuan, down slightly from 766 million yuan in the first quarter of last year. Jiangxi Copper said in its 2018 annual report that the company's current development is in line with expectations, but due to non-recurrent profits and losses, has had a certain impact on the operation of the company.

Hailiang shares (002203) achieved revenue of 8.465 billion yuan in the first quarter of this year, and net profit increased by 300 million yuan compared with the same period last year. Hailiang shares have been committed to the research and development, production, sales and service of high-grade copper products, conductive profiles and aluminum profiles, and have been in a leading position in the copper bar industry. This year, Hai Liang's overseas territory has also become wider and wider, providing a boost to its deep ploughing in the copper industry chain.

Tongling Nonferrous (000630) operating income reached 23.177 billion yuan in the first quarter of this year, up 30.75 percent from 17.726 billion yuan in the first quarter of last year. Net profit also rose 39.3 per cent to 280 million yuan, up from 201 million yuan in the first quarter of last year. And the net cash flow generated by business activities was 280571804.78 yuan, which changed from negative to positive compared with the same period last year, mainly due to the larger amount of cash paid for purchasing goods and receiving labor services.

Western Mining (601168) reported revenue of 7.879 billion yuan in the first quarter of 2019, an increase of 17.3 per cent over the same period last year. But net profit fell, to 28.4%. The western mining industry involves many fields, mainly engaged in copper, lead, zinc, iron and other basic non-ferrous metals.

Yunnan Copper (000878) reported revenue of 11.412 billion yuan in the first quarter of this year, an increase of 22.82 per cent over the same period last year. Net profit reached 174 million yuan in the first quarter, an increase of 61 per cent. Yunnan copper industry is a leader in the industry, set mining, smelting as one, but also the production and sale of copper concentrate and other metal ores, deep foundation in the copper industry chain.

Chujiang Xinji (002171) reported revenue of 2.95 billion yuan in the first quarter of this year, down 1.99 per cent from the same period last year. Net profit fell by 28.43%. In its 2018 annual report, Chujiang Xinshi said that non-recurrent profits and losses had a significant impact on the company's performance, and that the increase in profits was partly due to government subsidies.

Lianchuang Optoelectronics (600363) achieved 926 million yuan in revenue in the first quarter of this year, a significant increase of 17.22 percent over last year, but its net profit fell by 32.56 percent. The main business of Lianchuang Optoelectronics is the research and development, production and sales of optoelectronic devices and applications, wire and cable products, from the middle and lower reaches of the copper industry chain.

Jingyi (002295) had revenue of 1.36 billion yuan in the first quarter of 2019, an increase of 6.25 per cent over the same period last year. Net profit was 17.27 million yuan, a steady decline from 2018, down only 0.52 per cent. Trading products and precision copper tubes are the main sources of revenue for fine arts shares, accounting for 54.3 per cent and 41.7 per cent, respectively.

Tibet Mining (000762) had revenue of 54 million yuan in the first quarter of this year, down sharply from the same period last year. Net profit improved from negative growth in 2018 and returned to profitability.

Western Resources (600139) operating income reached 36 million yuan in the first quarter of 2019, down 10 per cent from the same period last year. Net profit attributable to the first quarter of 2019 remained at-15 million yuan, but improved from a net profit loss of 29 million yuan in 2018. The main business of western resources is related to new energy vehicles and mineral resources, including new energy vehicle manufacturing business, financial leasing business and mineral resources business.

Mengzhou shares (600255) had revenue of 804 million yuan in the first quarter of this year, down 35.37 per cent from the same period. Net profit also showed negative growth. Mengzhou shares involve many links of copper industry chain, including copper and copper alloy plate, strip, wire and so on.