000630 Tongling Nonferrous Metals Group
- 4.07
- +0.14+3.56%
Tongling Nonferrous Metals Group News
Tongling Nonferrous Metals (000630): Benefiting from rising copper prices 2024Q1 profitability
Event: 1) The company released its 2023 annual report. The company achieved operating income of 137.454 billion yuan in 2023, an increase of 12.81% year on year; net profit to mother was 2,699 billion yuan, down 35.49% year on year
Tongling Nonferrous Metals (000630): The 24Q1 performance is in line with expectations, and the resource self-sufficiency rate has increased steadily
Incident: The company released the 2023 report and the 2024 quarterly report. The company achieved revenue of 137.45 billion yuan in 2023, +12.8% year over year; net profit to mother of 2.70 billion yuan, or -35.5% year on year; deducted not returned to mother
Tongling Nonferrous Metals (000630): Q1 performance exceeds expectations, Mirador Phase II can be expected to advance steadily
Investment highlights: Incident: The company released its 2023 annual report and 2024 quarterly report. For the full year of 2023, the company achieved operating income of 137.45 billion yuan, +12.8% year-on-year; net profit to mother was 2.7 billion yuan, -35.
Tongling Nonferrous Metals (000630): 1Q24 results are in line with expectations and Mirador Copper Phase II will be put into operation
Net profit due to mother in 2023 was lower than expected. The 1Q24 results were basically in line with our expectations. The company released 2023 and 1Q24 results. Revenue in 2023 was 137.45 billion yuan, +12.81% year-on-year; net income to mother
TONGLING NONFERROUS METALS GROUP(000630):1Q24 RESULTS IN LINE;WE EXPECT PHASE II PROJECT OF MIRADOR COPPER MINE TO START OPERATION
2023 attributable net profit misses; 1Q24 results largely in lineTongling Nonfer
Tongling Nonferrous Metals (000630): Increased taxes and period expenses drag down the company's performance and are optimistic about the company's growth potential
Matters: On April 28, the company released the 2023 annual report and the 2024 quarterly report. The company achieved operating income of 137.454 billion yuan in 2023, an increase of 12.81% over the previous year; net profit to mother was 26.99
Express News | The Social Security Fund appeared as the top ten tradable shareholders with a total of 633 individual shares in the fourth quarter
Everbright Securities: The copper gap may expand further, and the overall center of copper prices will gradually move upward in 24-25
Everbright Securities released a research report saying that the copper industry is facing weak long-term capital expenditure growth and declining copper ore grades, and future supply increases will be limited; demand for new energy sources on the demand side will provide an increase, and traditional demand will grow slightly steadily.
Express News | Everbright Securities: Optimistic about the stock price performance of listed companies in the copper industry
Tongling Nonferrous Metals (000630.SZ): It is a comprehensive copper production company integrating copper ore mining, smelting and copper processing
Gelonghui, April 22丨Tongling Nonferrous Metals (000630.SZ) said on the investor interactive platform that the company is a comprehensive copper production company integrating copper ore mining, smelting and copper processing. The upstream mining end produces mineral products represented by copper concentrates containing copper, the midstream smelting end produces major products such as cathode copper, gold, silver, sulfuric acid, etc., and the downstream copper processing end produces various copper processing materials such as copper foil, copper plate, and copper rods. The company's products are widely used in many fields such as power electronics, real estate, transportation, consumer and industrial equipment.
Everbright Securities: The gap between copper supply and demand will gradually expand in 24-25, and continue to be optimistic about investment opportunities for copper industry companies
The Zhitong Finance App learned that Everbright Securities released a research report stating that domestic demand for home appliances was raised by 286,000 tons in 2024, and assuming a 4% growth rate of domestic air conditioning production in 2025 (the original forecast was 0%), the global refined copper supply-demand balance sheet was adjusted from 2/-140,000 tons in 2024/2025 to -39/- 640,000 tons. The gaps increased by 410,000 tons and 500,000 tons, respectively (and updated the 2023 annual report and 2024 production guidelines for some mines). The gaps account for about 1.4% and 2.2% of global demand. It is expected that the gap between copper supply and demand will gradually widen in 2024-2025,12
Tongling Nonferrous Metals: Audit agency changed to Tianjian Certified Public Accountants
Tongling Nonferrous Metals Group Holdings Co., Ltd. announced that the period of cooperation between the company and the former auditing agency Xinyong Zhonghe Certified Public Accountants (Special General Partnership) has expired, and all audit matters agreed in the contract have been completed. According to relevant regulations, the company replaced the auditing agency and re-selected it through a tender. Currently, it has hired Tianjian Certified Public Accountants (Special General Partnership) as the auditor for the company's 2023 and subsequent financial reports.
Tongling Nonferrous Metals (000630.SZ): Main business includes copper mining, smelting, copper processing, etc.
Gelonghui, April 17 | Tongling Nonferrous Metals (000630.SZ) said on the investor interactive platform that the company's main business includes copper mining, smelting, copper processing, etc., and has competitive advantages in mineral resource reserves, copper smelting, processing, etc. It is currently one of the comprehensive copper manufacturers with the most complete domestic industrial chain, and is in a leading position in the industry in terms of industrial chain integration.
Tongling Nonferrous Metals (000630.SZ): Produced about 18.84 tons of gold in 2022, including self-produced copper concentrates containing gold and purchased copper concentrates containing gold from outsourced copper concentrates (excluding Mirador copper
Gelonghui, April 15 | Tongling Nonferrous Metals (000630.SZ) said on the investor interactive platform that according to the company's “2022 Annual Report”, in 2022, including gold from self-produced copper concentrates and gold contained in purchased copper concentrates, it produced about 18.84 tons of gold (excluding Mirador copper ore), and produced 512.5 tons of silver (excluding Mirador copper ore). In 2023, the company completed the acquisition of 70% of the shares of China Railway Jiantongguan Investment Co., Ltd. and raised supporting capital. The core asset of China Railway Jiantongguan Investment Co., Ltd. is the Mirador copper mine in southeastern Ecuador (of which, in 2022
Tongling Nonferrous Metals (000630.SZ): Currently, the price of the company's sulfuric acid products has risen slightly month-on-month
Gelonghui, April 9 | Tongling Nonferrous Metals (000630.SZ) said on the investor interactive platform that currently the price of the company's sulfuric acid products has risen slightly month-on-month. The rise in the price of sulfuric acid products will help improve the company's performance.
Express News | Nanjing Port Group and Tongling Nonferrous Metals Group signed a strategic cooperation framework agreement
Minsheng Securities: The mining side is tight to the point where copper production is falling, transmission is about to be completed, and copper prices are entering the main upward wave
The Zhitong Finance App learned that Minsheng Securities released a research report saying that considering the imminent reversal of the bottom of smelting and processing costs, the pattern of tight supply on the copper mine side will be transmitted to the smelter side. Demand will continue to grow under supply constraints. The upward trend in copper prices is clear, and companies related to the copper industry are recommended. Focus on recommending incremental mine-side copper labels: Luoyang Molybdenum (603993.SH), Zijin Mining (601899.SH), Jin Chengxin (603979.SH), Western Mining (), China Nonferrous Mining (01258), and Minmetals Resources (01208). 601168.SH Smelter companies may also benefit
Tongling Nonferrous Metals (000630.SZ): The cathode copper produced is high-purity cathode copper, and the purity (copper content) is above national standards
Gelonghui March 18 | Tongling Nonferrous Metals (000630.SZ) said on the investor interactive platform that the company's copper raw materials are divided into self-produced copper concentrate and outsourced copper concentrate, and the copper content of copper concentrate fluctuates according to the grade of the raw materials. The cathode copper produced by the company is high-purity cathode copper, and the purity (copper content) is above national standards.
Non-ferrous metal concept stocks fluctuated, and the Northern Copper industry was close to rising or stopping
Gelonghui, March 15 | Northern Copper is close to a standstill. Tongling Nonferrous has risen by more than 5%, while Jiangxi Copper, Yunnan Copper, Luoping Zinc & Electric, and Zhuye Group have followed suit. According to the news, London copper rose to 9,000 US dollars/ton, the highest level since April 2023.
The non-ferrous metals sector led the rise in the direction of copper
Gelonghui March 14 | Northern Copper rose and stopped, Tongling Nonferrous Metals and Yunnan Copper rose more than 5%, while Western Mining, Jiangxi Copper, Zijin Mining, and Tin Co., Ltd. followed suit. According to news, on Wednesday, the Chicago Mercantile Exchange (COMEX) copper futures market ushered in a sharp rise, and the closing price hit an 11-month high.
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