Shunbo alloy: Guangdong Shunbo, a wholly owned subsidiary, resumed full production on April 16.

Published: Apr 17, 2022 18:25
Source: SMM

Shunbo Alloy announced that due to a production safety accident at Jingmei Company in Qingyuan City, Guangdong Province, Guangdong Shunbo Aluminum Alloy Co., Ltd., a wholly owned subsidiary of the company, has temporarily suspended production since the evening of April 4 in accordance with the requirements of local government departments. A few days ago, Guangdong Shunbo completed safety self-inspection and self-correction under the guidance of local government departments, and began to fully resume production on April 16.

Earlier, Shunbo alloy announced that the company's net profit attributable to shareholders of listed companies in the first quarter was 108 million yuan to 139 million yuan, an increase of 37.10% to 77.42% over the same period last year. Thanks to the upgrading of Hubei Shunbo's production capacity, the company's national multi-regional comprehensive layout has been consolidated and enhanced, the service and sales expansion ability to existing customers and some new customers has also been continuously enhanced, and the sales volume has increased slightly. The sales price also increased compared with the same period last year, which led to the improvement of profitability. 2. During the reporting period, the government subsidy received by the company increased compared with the same period last year, of which the non-recurrent profit and loss is expected to be about 36 million yuan.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Weak Macro Front and Pervasive Risk-Off Sentiment Keep Aluminum Prices Under Pressure at High Levels in the Short Term [SMM Aluminum Price Weekly Review]
7 hours ago
Weak Macro Front and Pervasive Risk-Off Sentiment Keep Aluminum Prices Under Pressure at High Levels in the Short Term [SMM Aluminum Price Weekly Review]
Read More
Weak Macro Front and Pervasive Risk-Off Sentiment Keep Aluminum Prices Under Pressure at High Levels in the Short Term [SMM Aluminum Price Weekly Review]
Weak Macro Front and Pervasive Risk-Off Sentiment Keep Aluminum Prices Under Pressure at High Levels in the Short Term [SMM Aluminum Price Weekly Review]
[SMM Aluminum Price Weekly Review: Weak Macro Conditions Fueled Risk-Off Sentiment, and Aluminum Prices Remained Primarily Under Pressure at High Levels in the Short Term]
7 hours ago
Strong Cost Support Combined With Supply Contraction, Aluminum Fluoride Prices Are Expected to Strengthen Mildly Next Month [SMM Fluoride Salt Weekly Review]
9 hours ago
Strong Cost Support Combined With Supply Contraction, Aluminum Fluoride Prices Are Expected to Strengthen Mildly Next Month [SMM Fluoride Salt Weekly Review]
Read More
Strong Cost Support Combined With Supply Contraction, Aluminum Fluoride Prices Are Expected to Strengthen Mildly Next Month [SMM Fluoride Salt Weekly Review]
Strong Cost Support Combined With Supply Contraction, Aluminum Fluoride Prices Are Expected to Strengthen Mildly Next Month [SMM Fluoride Salt Weekly Review]
9 hours ago
China and Laos Signed an MOU on the Oudomxay AI Green Power Aluminum Project Together
10 hours ago
China and Laos Signed an MOU on the Oudomxay AI Green Power Aluminum Project Together
Read More
China and Laos Signed an MOU on the Oudomxay AI Green Power Aluminum Project Together
China and Laos Signed an MOU on the Oudomxay AI Green Power Aluminum Project Together
Vientiane recently marked a major milestone in China-Laos green industrial cooperation—Krittaphong Group Co., Ltd. and CGN Energy Technology (Laos) Co., Ltd., together with the Ministry of Industry and Commerce of Laos and Oudomxay Province, officially signed a Memorandum of Understanding (MOU) for the Oudomxay AI Green Electricity Eco-Aluminum Industrial Park Project. Tang Danzhong, Deputy General Manager of Guangxi Investment Group, and Lin Rui, Chairman of Electricite du Laos Transmission Company Limited (EDL-T), attended the signing ceremony as witnesses, fully demonstrating all parties’ firm confidence in and full support for the project’s smooth implementation. The project will center on 500,000 mt of aluminum capacity, alongside the supporting development of a 2 million kW clean energy base, and is expected to join hands with Guangxi Investment Group, a core industrial investor, to build a complete eco-industrial base for the entire aluminum industry chain.
10 hours ago