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The non-ferrous sector fluctuated and rebounded, leading the way for small metals
Gelonghui May 6 | Chinatungsten Hi-Tech stopped rising, Huayu Mining was close to rising and stopping, while Guocheng Mining, Huaxi Nonferrous, Xiamen Tungsten, and Hunan Gold registered higher gains. According to the CITIC Construction Investment Research Report, the shortage of raw materials for domestic antimony ore has intensified recently. This week, the price of antimony ingots rose 4.1%, and the price of antimony oxide rose 4.6%. Furthermore, Chinatungsten Hi-Tech said on an interactive platform that tungsten prices have skyrocketed since the first quarter. In particular, beginning in mid-late April, white tungsten concentrate and black tungsten concentrate have risen by nearly 1,000 yuan a day. The main reason for the price increase was the decline in supply-side production.
Huayu Mining (601020): The performance of major mines declined due to falling zinc prices, and the performance is expected to reach a new level after the full release of Takin production
Incident: The company discloses its 2023 Annual Report & 2024 Quarterly Report. The company achieved revenue of 870 million yuan for the full year of 2023, +54.38% year-on-year, and achieved net profit of 73.89 million yuan to mother, or -49.92% year-on-year.
Huayu Mining (601020.SH): Net profit decreased by 49.92% in 2023 to 73.8872 million yuan, plans to distribute 10 0.29 yuan
Gelonghui, April 27丨Huayu Mining (601020.SH) released its 2023 annual report, achieving operating income of 871 million yuan, a year-on-year increase of 54.38%; net profit attributable to shareholders of listed companies was 73.8872 million yuan, a year-on-year decrease of 49.92%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 72.597 million yuan, a year-on-year decrease of 56.93%; and basic earnings per share were 0.09 yuan. It is proposed to distribute a cash dividend of 0.29 yuan (tax included) for every 10 shares to all shareholders.
Huayu Mining (601020.SH): Net profit of 38.164 million yuan in the first quarter increased by 146.72% year-on-year
Gelonghui, April 27丨Huayu Mining (601020.SH) released its report for the first quarter of 2024, achieving operating income of 247 million yuan, an increase of 61.53%; net profit attributable to shareholders of listed companies was 38.164 million yuan, an increase of 146.72% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 36.566 million yuan, an increase of 95.42% year on year; basic earnings per share were 0.048 yuan.
China Gold: Antimony prices are approaching historic highs, and global antimony supply and demand are expected to maintain a tight pattern
The Zhitong Finance App learned that CICC released a research report saying that the daily melting volume of photovoltaic glass has accelerated since March, driving an increase in demand for sodium pyroantimonate. Against the backdrop of rigid and disrupted supply, antimony prices have risen at a high level. According to data from Asia Metal Network and Baichuan Yingfu, as of April 24, the average prices of antimony concentrate, domestic antimony ingots, and MB antimony were reported at 84,500 yuan/ton, 98,000 yuan/ton, and 14,600 US dollars/ton respectively, up 24% from the beginning of this year. Domestic antimony ingot prices were only 10% lower than the 2011 high. On the other hand, considering the rigidity of global antimony ore supply, global antimony supply and demand are expected to be maintained
The non-ferrous sector fluctuated and rallied. Shunbo Alloy rose and stopped, while Jiaozuo Wanfang, Pengxin Resources, Shenhuo Co., Ltd., Tianshan Aluminum, and Huayu Mining followed suit.
The non-ferrous sector fluctuated and rallied. Shunbo Alloy rose and stopped, while Jiaozuo Wanfang, Pengxin Resources, Shenhuo Co., Ltd., Tianshan Aluminum, and Huayu Mining followed suit.
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