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The profit of Shaanxi Nonferrous in the first four months increased 2.6 times compared with the same period last year.

iconMay 25, 2021 13:15
[Shaanxi Nonferrous Metals Group's profits increased 2.6 times in the first four months compared with the same period last year] since the beginning of this year, Shaanxi Nonferrous Metals Group has seized the opportunity of market recovery, deepened enterprise reform and innovation, flexibly adjusted marketing strategies, and steadily improved its development quality and efficiency. In the first four months, the group achieved operating income of 46.894 billion yuan, an increase of 14.24% over the same period last year, and a total profit of 618 million yuan, an increase of 261.40% over the same period last year. The output of major products increased significantly, of which titanium, gold and granular polysilicon increased by 62.33%, 183.78% and 137.81% respectively.

Since the beginning of this year, Shaanxi Nonferrous Metals Group has seized the opportunity of market recovery, deepened enterprise reform and innovation, flexibly adjusted its marketing strategy, and steadily improved its development quality and efficiency. In the first four months, the group achieved operating income of 46.894 billion yuan, an increase of 14.24% over the same period last year, and a total profit of 618 million yuan, an increase of 261.40% over the same period last year. The output of major products increased significantly, of which titanium, gold and granular polysilicon increased by 62.33%, 183.78% and 137.81% respectively.

Shaanxi Nonferrous Metals Group accelerated industrial restructuring and integration, asset securitization, and mixed ownership reform. In March this year, a three-year action plan for deepening the reform of state-owned enterprises was formulated and issued, defining eight key reform tasks and 32 specific reform measures. Adhere to the "one enterprise, one policy" to do a good job in the reform of key areas, and completed the prospectus in April on the basis that the subordinate enterprise Yulin New Materials has completed the integration of the coal, power and aluminum industry plate. Recently, strenuous efforts have been made to introduce strategic investors. On April 19, the group established "Shaanxi Northwest Nonferrous lead and Zinc Group Co., Ltd.", which laid the foundation for the reorganization and listing of lead and zinc mining plate. Baoti shares, a listed company, announced that it plans to jointly invest 200 million yuan with two private enterprises, including Baoji Tupuda Titanium Industry, to set up Baoti Precision forging Company, so as to further optimize, strengthen and expand the precision forging industry.

Scientific and technological innovation enables enterprises to develop with high quality. The scientific research team of Jin Mo Group, a subsidiary of Shaanxi Nonferrous Metals Group, broke through the key preparation technology of molybdenum trioxide target and prepared high density molybdenum trioxide target samples, which laid a good foundation for the next step of mass production of this kind of target material. The vanadium electrolyte produced by Wuzhou Mining is the first to be used in the energy storage field of the new generation of all-vanadium flow battery, and the commercial application of vanadium electrolyte has been realized for the first time. The subsidiary company Bao Ti Group has successfully trial-produced pure nickel strip coil and Inconel alloy strip coil with a width of more than 1 meter, and independently designed and produced titanium alloy balanced elbow forgings for delivery to users, which has become a new economic growth point. Bao Ti Co., Ltd. signed the project of "National Model City Joint Declaration Enterprise Cooperation letter of intent" and the first batch of titanium material procurement contracts with the State Power Investment Corporation, and won the market order for titanium bipolar plates for hydrogen fuel cells and entered the field of titanium for hydrogen energy cells. The subordinate enterprise Tianrui Silicon Materials has successfully implemented the project of "optimization and localization of non-metallic ceramic lining design", which has solved the problem of "sticking neck" of foreign suppliers, and can save more than 4000 million yuan in cost every year. On March 29, the "Shaanxi Light Alloy New Materials Research Center" jointly established by subordinate enterprises Yulin New Materials, Shaanxi Meixin and Xi'an University of Technology was unveiled, which will play a positive role in speeding up the transformation of enterprises' scientific and technological achievements.

In the first four months, various enterprises under Shaanxi Nonferrous Metals Group grasped orders to promote production, and there were many bright spots in production and operation. The production of molybdenum powder and molybdenum products by Jin Mo Group increased by 35.16% and 77.59% respectively compared with the same period last year, and molybdenum wire and molybdenum sheet increased by 50.10% and 41.15% respectively compared with the same period last year. The Geology and Mineral Resources Group produced 3073 tons of lead concentrate metals, an increase of 42.73 percent over the same period last year. The cumulative output value of Bao Ti Group reached 7.35 billion yuan, an increase of 14.52% over the same period last year. The operating income of Xi'an Exploration Institute reached 1.605 billion yuan, an increase of 33.77% over the same period last year. Shaanxi Nonferrous Trading Company achieved an operating income of 19.399 billion yuan and a profit of 18.3872 million yuan, an increase of 61% and 320% respectively over the same period last year. Shaanxi Meixin realized business income of 1.515 billion yuan, an increase of 30.72% over the same period last year.

In the next step, Shaanxi Nonferrous Metals Group will grasp the study and education of party history on the one hand and production and management on the other, strengthen the construction of "diligent, fast, strict, practical, refined, fine, and incorruptible" style, and strive to solve the difficult problems and development bottlenecks in production and management. do practical things, open a new bureau, earnestly turn the achievements of party history study and education into work motivation and achievements, and promote the coordinated development of enterprises with high quality and efficiency.

Performance report
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titanium

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