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Chinalco International: affected by the epidemic, it is expected to lose money in the first half of the year.
Jul 30,2020 18:29CST
translation
The content below was translated by Tencent automatically for reference.

SMM7 March 30: Chinalco International announced that the company is expected to report a loss in the first half of 2020, and the net profit attributed to shareholders of listed companies is expected to be between-138 million yuan and RMB-160 million yuan. It is estimated that the net profit attributable to shareholders of listed companies after deducting non-recurring profits and losses in the first half of 2020 is between-195 million yuan and-215 million yuan.

In the same period last year, the net profit belonging to the shareholders of the listed company was 10.0612 million yuan, and the net profit belonging to the shareholders of the listed company after deducting non-recurring gains and losses was 852200 yuan.

The main reasons for the pre-loss of the current performance are as follows:

(1) affected by COVID-19 's epidemic situation, the company's project was basically suspended from January to February, and construction began one after another at the end of March. The company actively promotes the resumption of work and production, speeds up the construction progress, and strives to improve production and operation, but the overall business income in the first half of the year still decreased significantly compared with the same period last year.

(2) under the adverse situation affected by the epidemic, the owner's capital is tight, the original collection plan for the first half of the year has been delayed, and the credit impairment loss recorded during the reporting period has increased compared with the same period last year.

Risk Tips:

The company does not have major uncertainties that affect the accuracy of the content of this performance forecast.

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Chinalco International
semi-annual report

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