SMM April 1: recently, Yuguang Gold and lead released its 2021 performance report. According to the report, the company generated a total operating income of 26.89 billion yuan in the past year, an increase of 32.87% over the same period last year. The net profit belonging to shareholders of listed companies reached about 400 million yuan, an increase of 27.96% over the same period last year.
With regard to the reasons for the increase in performance, Yuguang Gold and lead said that during the reporting period, on the one hand, the company refined the calculation of the benefit of each batch of mineral powder by optimizing the raw material procurement plan, taking advantage of the rising prices of copper and zinc and the delivery of lead ingots brand. accurately adjust the sales strategy and achieve good economic benefits On the other hand, the company has achieved remarkable results in energy saving and consumption reduction, and the work of standard creation has achieved remarkable results. Among the 55 standards, 53 indicators have achieved the best in history, among which the comprehensive energy consumption of lead and the copper content in tailings have all reached the industry benchmark. The silver recovery rate in the smelting system of the direct refinery has reached the industry-leading level.
Specifically, during the reporting period, the company's non-ferrous metals operating income and operating costs increased, the company's production and sales of lead products, gold and silver increased, and the production and sales of copper products, zinc products and sulfuric acid increased during the reporting period. Market prices also rose sharply.
In 2021, precious metals such as gold and silver maintained a high shock trend, while the prices of copper and zinc also increased significantly compared with the same period last year, and the prices of non-ferrous metals repeatedly reached record highs, although lead prices also rose with it, but under the influence of China's oversupply of refined lead and the replacement of lithium batteries, the increase in lead price is obviously less than that of other metals.
While futures prices are rising rapidly, spot prices are also rising. According to SMM historical prices, in 2021, the average spot price of SMM zinc ingots rose from 21040 yuan / ton at the beginning of the year to 24160 yuan / ton at the end of the year, an increase of 14.83%. In terms of spot lead ingots, SMM lead ingots rose from 14750 yuan / ton at the beginning of the year to 15175 yuan / ton at the end of the year, an increase of 2.88 percent.
"Click to view the historical price of SMM Metals
Recently, the main force of Shanghai zinc has gone up all the way, and today, in the atmosphere of a general decline in metals in the inner market, it closed smoothly and turned red, although the increase was only 0.04%, but it still appeared to be "outstanding". As for the reasons for the strong performance of zinc prices, the latest SMM survey shows that on the supply side, the domestic supply of zinc ingots is lower than expected due to the reduction and shutdown of smelters, which leads to strong sentiment among the bulls; on the consumer side, market demand is suppressed by the epidemic, and raw material troubles have forced processing enterprises to control production and operation.
At the macro level, Russia stressed that the purchase of natural gas only supported the settlement of rubles, stimulating market bullish sentiment and transmitting to the domestic stable high zinc prices, driving up zinc prices.
Spot, from now on Quansheng warehouse suspended pick-up, spot circulation in East China is not smooth. Due to traffic control throughout the country, the circulation efficiency of zinc ingots in the market has not been significantly restored. Taken together, zinc prices are difficult to rise and fall, and SMM expects zinc prices to maintain a high volatility range. "View details
Public data show that Yuguang Gold and lead mainly deals with non-ferrous metal smelting and comprehensive recovery, producing refined lead and cathode copper through raw material processing and smelting, while comprehensively recovering valuable metals and elements such as gold, silver, sulfuric acid, antimony and bismuth in smelting by-products to improve the effective utilization of resources.
In addition, the company also attaches great importance to the development of circular economy, and has gradually established a circular economy industrial model of co-production of primary lead and recycled lead. The company adopts CX integrated system to treat and recycle waste lead-acid batteries, which not only solves the problem of environmental pollution of waste lead-acid batteries, but also meets the company's demand for raw materials to a certain extent, integrates cleaner production, comprehensive utilization of resources and their wastes, ecological design and sustainable development, so as to realize green and efficient smelting.
Referring to the production and operation target for 2022, Yuguang Gold lead said that in 2022, it is expected to complete 450000 tons of lead products, 10034 kilograms of gold, 1408 tons of silver, 130400 tons of cathode copper, 664200 tons of sulfuric acid, sales income of 26.084 billion yuan, expenses and costs of 25.887 billion yuan.
