The net profit of Mount Qomolangma in Tibet is expected to decrease by 68.33% in 2020 compared with the same period last year.

SMM: Qomolangma in Tibet recently released a semi-annual performance forecast, it is expected that the net profit attributed to shareholders of listed companies in the first half of 2020 will be reduced by 237.3634 million yuan to 217.3634 million yuan compared with the same period last year (statutory disclosure data), a decrease of 62.58% compared with the same period last year.

two。 Compared with the same period last year (statutory disclosure data), the net profit after deducting non-recurring profits and losses belonging to shareholders of listed companies is expected to decrease by 242.8463 million yuan to 222.8463 million yuan, a decrease of 70.83% 65.00% compared with the same period last year.

The main reason for the pre-reduction of the current performance is that the company's main business is affected by the relevant factors:

1. Affected by the epidemic situation, the prices of lead and zinc in the non-ferrous metals industry decreased significantly during the reporting period compared with the same period last year.

2. At the same time, since the end of April 2020, Tazhong Mining Co., Ltd., a wholly owned subsidiary of the company, has been affected by the local novel coronavirus epidemic, resulting in limited mine production capacity and a decline in the output and sales of concentrate products.

Combined with the above factors, the company's revenue and profits fell by more than 50% in the first half of 2020. In the face of the complex and changeable economic environment and the impact of novel coronavirus's epidemic situation, the company, on the basis of epidemic prevention and control, actively respond to the market situation, strengthen cost management, tap potential and increase efficiency, and strive to reduce the adverse impact of the market environment on the company's performance.

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