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Western Mining's first-half net profit fell 41% compared with the same period last year. Lead concentrate plan completion rate is 108%.
Sep 3,2020 13:20CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM9 March 3: recently, Western Mining Co., Ltd. released its semi-annual report for 2020. During the reporting period, the operating income of the western mining industry was 13.4 billion yuan, down 11% from the same period last year, the total profit realized was 721 million yuan, down 22% from the same period last year, and the net profit was 557 million yuan, down 26% from the same period last year. Of this total, the net profit belonging to the shareholders of the parent company was 346 million yuan, down 41% from the same period last year. The main reason for the decline was that the average sales prices of the company's main products lead concentrate, zinc concentrate and copper concentrate fell by 19%, 25% and 5% respectively compared with the same period last year.

In the first half of the year, the output of lead concentrate was 33800 metal tons, the planned completion rate was 108%, the output of zinc concentrate was 78700 metal tons, and the planned completion rate was 98%. The main reason for the unfinished planned output was that the raw ore grade was slightly lower than the budget. The output of electrolytic lead is 41000 tons, the planned completion rate is 84%, the output of zinc ingots is 45700 tons, and the planned completion rate is 94%. The reason for the unfinished planned output of the products is mainly due to the influence of the market situation, and the company has adjusted the production plan.

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