[SMM Express] Tianneng Power rose as high as 32.57% in four days, and expected to make a profit in the first half of the year.

SMM News: since June 1, Tianneng Power has risen for four consecutive days, up 32.57%. As of 14:26, it was reported at HK $10.40, up 5.05%, with a turnover of 9.81 million.

Recently, Tianneng Power issued a mid-term profit forecast announcement. The announcement said that from January to June this year, the profit attributable to Tianneng Power shareholders is expected to be not less than 30% from the same period last year, which means that the profit attributable to the company's shareholders is about 564 million yuan. The main reason is that battery sales increased slightly compared with the first half of 2019, and thanks to the company's lean management, improved intelligent manufacturing capacity, raw material price adjustment, the gross profit margin of major products was higher than that of the same period last year.

Another Tianneng Power announced that it would repurchase 602000 shares on June 1, 2020, accounting for 0.0534% of the existing shares before the issue, with a repurchase price ranging from HK $8.68 to HK $8.88 per share, with a capital of about HK $5.2996 million.

Focus on the development prospect and price trend of lead and zinc industry

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 will remain unchanged, and 2020 will also be the year when China will build a moderately prosperous society in an all-round way and the 13th five-year Plan ends. In this context, the new crown virus is rampant all over the world, and it is worth looking forward to how to achieve steady economic growth.

In terms of the lead market, the newly expanded production capacity of overseas mines has been released one after another from 2019 to 2020, but the overseas epidemic has spread and some overseas mines have been put into production and mines under construction. Where will the lead concentrate go in 2020? At the same time, new expansion projects in China's recycled lead market are springing up everywhere. What is the actual output release in 2020? Whether the cost support is effective or not, the supply of waste batteries has become the focus of the future market; and under the influence of a number of policies (such as the new national standard for electric bicycles, motorcycle purchase tax exemption, etc.), whether the subsequent lead consumption matches, and what is the trend of lead prices in 2020?

In response to the above topics, SMM will invite industry celebrities, industry professionals, enterprises from the upper and lower reaches of the industrial chain to hold the "2020 (15th) lead and Zinc Summit" in Changsha to jointly discuss the current situation and problems of the industry, as well as the 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 in the picture to sign up for the lead-zinc summit and fill in the personal information on the last page. The meeting staff will contact you later!