SMM1 22: recently, Yunnan Luoping Zinc Power Co., Ltd. released 2019 annual performance forecast. It is estimated that the net profit attributable to the shareholders of listed companies in 2019 is 24 million yuan to 28 million yuan.
The net profit attributable to the parent company is expected to be 24 million yuan-28 million yuan, an increase of 109.31%-110.86% over the same period last year-257.7734 million yuan.
The main reasons for the changes in performance are:
First, the processing fee deducted from the raw material purchase in this period increases, which leads to the decrease of the purchasing unit cost, and then increases the gross profit margin of zinc products.
Second, the current period received government subsidies of more than 18 million yuan, the subsidy is a non-recurrent profit and loss, directly increase the net profit of the current period;
Third, in the same period of last year, the loss was relatively large due to the following factors, but did not occur in this period: (1) the price of zinc ingots fell by 31.5443 million yuan at the end of the period; (2) according to the requirements of environmental hidden trouble rectification and reform, 50.9777 million yuan of lead waste residue disposal fee and 13.8854 million yuan of slag warehouse closing fee were incurred. (3) due to the shutdown and rectification, the zinc oxide powder and H2SO3 zinc recovered from the waste residue of the comprehensive utilization plant continue to increase. Due to the limited storage capacity of the warehouse and other reasons, the export must be able to ensure the normal operation of the process, resulting in a loss of 59.5609 million yuan. (4) cleaning up some of the scrapped fixed assets, resulting in a loss of 33.8922 million yuan in non-current assets damage and scrapping; (5) shutdown loss of 26.4395 million yuan as a result of production shutdown and rectification.
"2020 (15th) lead and Zinc Summit"
To attend the meeting, contact:
Cao Juanjuan (lead): 021-5159-5790 135-6472-8530
Email: caojuanjuan@ly10000.com
Zhang Mao (Zinc): 021-5159-5845 183-2126-9197
Email: zhangmaomao@smm.cn
