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Xingye Mining Industry expects a loss of 50 million-100m yuan in the first half of the year and a sharp drop in profit
Jul 15,2019 13:38CST
translation
Source:SMM
According to the 2019 semi-annual results forecast released by Inner Mongolia Industrial Mining, it is expected to lose 50 million-100m yuan in the first half of the year, a sharp drop of 113.60% to 127.20% from the same period last year, and a profit of 36761.10 yuan in the same period last year. The loss per share was 0.0272 to 0.0544 yuan, compared with a profit of 0.1966 yuan per share in the same period last year. Mainly because of Rongguan Mining and Xilin Mining to stop production rectification, but has resumed production.
The content below was translated by Tencent automatically for reference.

According to the 2019 semi-annual results forecast released by Inner Mongolia Industrial Mining, it is expected to lose 50 million-100m yuan in the first half of the year, a sharp drop of 113.60% to 127.20% from the same period last year, and a profit of 36761.10 yuan in the same period last year. The loss per share was 0.0272 to 0.0544 yuan, compared with a profit of 0.1966 yuan per share in the same period last year. Mainly because of Rongguan Mining and Xilin Mining to stop production rectification, but has resumed production.

During the reporting period, the company's wholly owned subsidiary Xiwuzhumuqinqi Yinman Mining Co., Ltd. (hereinafter referred to as "Yinman Mining") occurred a major transport safety accident, resulting in the suspension of production and rectification of Yinman Mining since February 23, 2019. Inner Mongolia Xingye Group Rongguan Mining Co., Ltd. (hereinafter referred to as "Rongguan Mining"), a wholly owned subsidiary of Inner Mongolia Xingye Group Rongguan Mining Co., Ltd. (hereinafter referred to as "Xilin Mining Co., Ltd."), according to the notice on the immediate suspension of production and Construction of non-Coal Mine Enterprises in Inner Mongolia, issued by the Emergency Management Bureau of Xilingol League, Since February 26, 2019, the East Wuzhumuqin Banner Emergency Management Bureau has carried out law enforcement inspections on the concentrators and mining areas of Rongguan Mining and Xilin Mining Industry on April 10, 2019 and June 4, 2019, respectively. agree to resume production; At present, Rongguan Mining and Xilin Mining have fully resumed production). As a result of the suspension of production of the above subsidiaries, the reduction in the production and sales of mineral products produced by the company directly affected the operating performance of the reporting period.

 

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