SMM News "2019, in the aluminum industry, is a year of macro good news." The sudden accident in the middle of the year pulled up the aluminum price to the highest point, the low inventory base aluminum price at the end of the year, and the industry policy throughout the year is also essential. At present, some aluminum companies have disclosed 2019 performance forecasts, some companies turn losses into profits, and some companies go further in 2018 earnings.
Cloud aluminum shares
During the reporting period, under the influence of the state's implementation of a series of stable economic policies, such as stabilizing macroeconomic expectations and reducing taxes and fees, the prices of domestic and international aluminum markets gradually stabilized, and the company firmly grasped the favorable opportunity of market stabilization. we will continue to optimize the product structure, increase the intensity of production and marketing and the development of surrounding markets, accurately grasp the pace of procurement, and further increase the self-production of alumina. The purchasing cost of bulk raw materials such as alumina and petroleum coke is effectively controlled and reduced. Through carrying out special activities such as "three reductions and three increases", implementing various internal potential tapping and cost-effective measures, and continuously doing a good job in all aspects of production, operation and industrial development, we have accelerated the commissioning of the Zhaotong Hydropower Aluminum Phase I project and the Heqing Hydropower Aluminum Phase I project, and added a new profit growth point for the company.
At the same time, the company actively strives for the support of the state and Yunnan Province to speed up the development of hydropower and aluminum industry, railway transportation, production and management, and other supporting policies. The company's net profit attributed to the shareholders of listed companies in 2019 was turned into profit compared with 2018.
Wan Bond
The main reason for the increase in the current period over the same period last year is that the company has made great efforts to open up the market, the subordinate aluminum and medical device sectors are doing well, and the company's operating income and net profit attributable to the shareholders of the company have increased compared with the same period last year.
Zhongfu industry
The company is expected to achieve a net profit of about 100 million yuan to 150 million yuan in 2019, which will turn a loss into a profit compared with the same period last year. Net profit and loss excluding non-recurrent profit and loss is expected to range from 530 million yuan to 580 million yuan in 2019. The company lost 2.544 billion yuan in the same period last year. The company's pre-profit performance is mainly due to the optimization of the company's industrial structure, the improvement of the main business and non-recurrent profit and loss and other matters, the amount of non-recurrent profit and loss is about 680 million yuan.
The impact of the main business: in 2019, the company will reduce the loss scale of electrolytic aluminum business through the implementation of production capacity transfer, make full use of the advantages of the integration of the whole industrial chain, enhance the coal self-sufficiency rate and reduce the coal purchasing cost. Henan Zhongfu Electric Power Co., Ltd., a wholly-owned subsidiary, makes a substantial profit. At the same time, with the support and help of governments at all levels, financial institutions and controlling shareholders, the company has effectively resolved the debt risk and reduced the financial costs.
Mingtai Aluminum Co., Ltd.
Henan Mingtai Aluminum Co., Ltd. expects to achieve a net profit of about 939 million yuan for shareholders of listed companies in 2019, an increase of about 444 million yuan, or about 90 percent, compared with the same period last year.
The main reason for the pre-increase in this period of performance is that the company adheres to green development and fine management, tapping potential and increasing efficiency, saving energy and reducing consumption, while maintaining the growth of production and sales, further reducing production costs and improving the profit space of products. At the same time, the company increased technological innovation, optimize the product structure, during the reporting period, the company's new energy battery aluminum, transportation aluminum, automobile lightweight aluminum and other high value-added products steadily increased. In addition, the company actively explores the international market, forms a diversified international market share, and ensures the stable growth of the company's international business.
Ordinary aluminum shares
The main reasons for the turnaround are: during the reporting period, after preliminary tests, there was no provision for large goodwill impairment; in 2018, due to the lower-than-expected performance of subsidiaries, a provision of 446 million yuan for large goodwill impairment was made, resulting in a loss during the 2018 reporting period.
Jiaozuo Wanfang
The main reason for the change in performance is that during the ming: reporting period, 1. The prices of major raw materials such as pre-baked anode, coal and alumina decreased compared with the same period last year. 2. The company has increased the management of cost control, and the cost has been greatly reduced compared with the same period last year. 3. The aluminum price rose at the end of the reporting period compared with the same period last year, resulting in a substantial reduction in the provision for inventory impairment.
Sitong new wood
The company's main business continued to develop rapidly in 2019. During the reporting period, the company improved its product and customer structure through technology upgrading and quality upgrading, resulting in a significant increase in profitability. At the same time, the company is actively layout and expand new energy vehicle lightweight projects, gradually improve the market share of new energy vehicle parts. The company expects net profit attributable to shareholders of listed companies to rise from a year earlier.
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