Oriental zirconium industry: pre-loss of 40 million yuan in the first quarter-50 million yuan profit of 1.9094 million yuan in the same period last year

SMM4, April 8: April 7, Oriental Zirconium Industry announced the first quarter of 2020 results forecast: January 1, 2020 to March 31, 2020 expected loss of 40 million yuan-50 million yuan, a profit of 1.9094 million yuan in the same period last year.

Oriental Zirconium said the net profit attributable to shareholders of listed companies fell sharply from a year earlier, mainly for the following reasons:

Affected by the epidemic situation of pneumonia infected by the new coronavirus, the state has taken strict prevention and control measures, at the same time, the outbreak and spread of the epidemic outside the country have also appeared, and the return of logistics and personnel to the post has been blocked in a short time. Therefore, it has a certain impact on the production and sales of the company in the first quarter.

Recently, the international exchange rate market has changed greatly. The devaluation of the Australian dollar has led to a large amount of exchange losses in the Australian subsidiary of the company, which has a great impact on the performance of the company.

Oriental zirconium industry is a key high-tech enterprise specializing in the research, development, production and management of zirconium and zirconium series products. the company's products include zirconium ore, zirconium silicate, zirconia chloride, fused zirconia, composite zirconia, zirconia ceramic structural parts and sponge zirconia eight series of more than 100 varieties and specifications; The application fields include nuclear power energy, special ceramics, bioceramics, optical communication devices, solid fuel cells, aerospace, electronic ceramics, artificial gemstones, ceramic glazes, advanced refractories and many other new materials, new industries.