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Net profit of Nandu Power supply fell 73.27% in the first quarter compared with the same period last year
May 12,2020 11:21CST
The content below was translated by Tencent automatically for reference.

SMM5 12: recently, Zhejiang Nandu Power Co., Ltd. released the first quarter of 2020 results. During the reporting period, the company conducted business in four major areas: communications and data, intelligent energy storage, green travel and resource regeneration. In the first quarter, the company achieved revenue of 1.4739287 billion yuan, down 17.6 percent from the same period last year. The net profit attributable to shareholders of listed companies was 54.826 million yuan, down 73.27 per cent from the same period last year. Affected by the epidemic situation of "Xinguan pneumonia", the resumption time of the company and the upstream and downstream enterprises in the industry is delayed, and the recovery of logistics and industry chain is slow, which has a great impact on the normal delivery of the company's orders, resulting in the decline of the company's performance in the first quarter.

In 2019, global trade disputes escalated, the global economy was under pressure, and central banks began a wave of interest rate cuts. At the same time, the meeting of the political Bureau of the CPC Central Committee stressed that at present and for some time to come, the basic trend of China's economic stability and long-term improvement has not changed, and 2020 is also the year for China to build a well-off society in an all-round way and the end of the 13th five-year Plan. Against this background, the new crown virus is raging all over the world, and how to achieve stable economic growth in China is worth looking forward to.

In the zinc market, overseas mines will increase production step by step in 2019, but the increase in domestic mine production will be repeatedly hindered. In the first quarter of 2020, zinc prices fell through the mine cost line, mine profits plummeted, and how smelters and mine profits will be distributed in 2020. can overseas mines be expected to be put into production under the disturbance of the epidemic situation? In addition, the output of domestic zinc refining smelters broke through the bottleneck and set a new record in 2019, but under the disturbance at the supply end of zinc mines in 2020, can the capacity utilization rate of smelters maintain a high load? Whether the infrastructure investment under the tone of "stabilizing the economy" in 2020 can exceed the expected performance, whether the super-seasonal performance of the galvanizing industry can still be expected, and whether the contradiction between supply and demand of zinc may reverse in 2020, paying attention to and laying out structural opportunities is another option. Can zinc prices pick up in 2020?

In view of the above topics, SMM will invite industry bigwigs, industry professionals, upstream and downstream enterprises of the industry chain to hold the "2020 (15th) lead and Zinc Summit" in Changsha to discuss the current situation and problems faced by the industry, as well as future development prospects, and analyze the fundamentals and the future trend of zinc prices.

"Click to sign up for SMM" 2020 (15th) lead and Zinc Summit

Scan the QR code to sign up for the lead and zinc summit and fill in the personal information at the end of the page, and the conference staff will contact you later!

Nandu Power
performance report

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