Western Mining's Q1 Profit Jumps 8% Despite 5% Fall in Operating Income
Western Mining's (SHA:601168) attributable profit rose 8.4% year over year to 737 million yuan in the first quarter, the company said in a Thursday filing with the Shanghai Stock Exchange without prov
Western Mining (601168.SH): Due to rising non-ferrous metal prices, the company's prepaid raw material purchases increased year-on-year in the first quarter
Gelonghui, April 24 | Western Mining (601168.SH) said at the performance briefing that due to the rise in non-ferrous metal prices, the company's prepaid raw material purchases in the first quarter increased year-on-year.
SDIC Securities: Increased copper supply disturbances are expected to drive continued price breakthroughs
The Zhitong Finance App learned that SDIC Securities released a research report saying that Zambia is cutting electricity supply, and the China-Africa copper belt is facing a decrease in production. Copper mine production cuts continue to occur, and expectations for the resumption of production at the Cobre Panama and Sossego copper mines, which were cut off earlier, have been postponed again. Britain and the US sanctioned Russian metals and restricted Russian aluminum, copper and nickel transactions in LME and CME. Russian Copper accounts for 62.1% of LME inventory, which limits delivery or raises market concerns about the risk of overclosing positions. The supply-side logic continues to be implemented. We continue to be optimistic that the copper price will move further upward after the breakthrough, and we will continue to recommend the copper sector. Recommended to follow
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
Western Mining (601168): Q1 results are in line with expectations, and Yulong Phase III is expected to advance smoothly
Core view: In 24Q1, the company's net profit to mother was 740 million yuan, an increase of 25% over the previous month, in line with expectations. According to the company's financial report, 24Q1 achieved operating income of 11 billion yuan, +4% month-on-month, and net profit of 740 million yuan to mother,
Western Mining (601168) 2024 Quarterly Report Review: Performance is in line with expectations, Yulong Phase III production expansion progresses steadily
Incident The company released its 2024 quarterly report: the company achieved revenue of 10.974 billion yuan in the first quarter of 2024, -5.2% year-on-year and +4.4% month-on-month; net profit to mother was 737 million yuan, +8.4% year-on-month, and month-on-month
Western Mining (601168) Comment: The 24Q1 performance is in line with expectations, Yulong Copper Mine completed technical reform and gradual expansion
Incident: The company announced 2024Q1 results, in line with expectations. 1) 2024Q1 achieved revenue of 10.97 billion yuan (yoy -5.2%, qoq +4.4%) and net profit to mother of 740 million yuan (yoy+8
Western Mining Co.,Ltd.'s (SHSE:601168) Intrinsic Value Is Potentially 73% Above Its Share Price
Key Insights The projected fair value for Western MiningLtd is CN¥37.23 based on 2 Stage Free Cash Flow to Equity Western MiningLtd's CN¥21.46 share price signals that it might be 42% undervalued
Western Mining (601168) 2024 Quarterly Report Review: The performance is in line with expectations, and the future increase in copper and molybdenum during the third phase of construction procedures for the Yulong Copper Mine
Matters: The company released its 2024 quarterly report. The company achieved operating income of 10.974 billion yuan in the first quarter, a year-on-year decrease of 5.18%; net profit to mother was 737 million yuan, an increase of 8.39%; net profit not attributable to mother was 7.
Western Mining (601168) 2024 Quarterly Report Review: Steady release of performance, looking forward to full production of the Yulong Technical Reform Project
Event: The company released its 2024 quarterly report. The company achieved revenue of 10.974 billion yuan in 2024Q1, a year-on-year decrease of 5.2% and a month-on-month increase of 4.4%; net profit to mother was 737 million yuan, an increase of 8.4% over the previous year.
Western Mining (601168.SH) reported first-quarter results, net profit of 737 million yuan, up 8.39% year on year
Western Mining (601168.SH) released its report for the first quarter of 2024. During the reporting period, the company achieved operating income of 10.974 billion yuan, a year-on-year decrease of 5.18%; net profit attributable to shareholders of listed companies was 737 million yuan, an increase of 8.39%; net profit attributable to shareholders of listed companies deducted 715 million yuan from non-recurring profit and loss, an increase of 6.66% over the previous year; and basic earnings per share were 0.31 yuan/share.
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
Great Western Mining Corp. Plc Olympic Gold Project Acquisition
Great Western Mining Corp. Plc Olympic Gold Project Acquisition
Southwest Securities released a research report on April 12 stating that it gave Western Mining (601168.SH) a buy rating. The main reasons for the rating include: 1) industry level: the gap between supply and demand is expanding, and copper prices are ris
Southwest Securities released a research report on April 12 stating that it gave Western Mining (601168.SH) a buy rating. The main reasons for the rating include: 1) industry level: the gap between supply and demand is expanding, and copper prices are rising in the long term; 2) corporate level: performance is slightly lower than expected, and falling lithium carbonate and zinc prices affect investment income; 3) Yulong Copper Mine has completed technical reform, and production capacity is progressing steadily. (Mainichi Keizai Shimbun)
Western Mining (601168.SH): As of April 10, the total number of shareholders of the company was 118,500
Gelonghui, April 11丨Western Mining (601168.SH) said on the investor interactive platform that as of April 10, the total number of shareholders of the company was 118,500.
Great Western Mining Kicks Off Geophysical Surveys at Nevada Sites
Great Western Mining (GWMO.L) started induced polarization and resistivity surveys at its West Huntoon copper porphyry and M5 gold-silver-copper exploration prospect in Nevada, US. The mining group co
Western Mining (601168): Yulong copper mine expansion completed, volume and price rises sharply, ready to go
Incident: The company released the 2023 annual report, achieving full-year revenue of 42.75 billion yuan, +6.2% year on year; net profit to mother of 2.79 billion yuan, -18.4% year on year; net profit after deducting non-return to mother of 2.56 billion yuan, year-on-year
The lithium sector made up for gains, and the western mining industry rose more than 6%
The lithium sector made up for gains, and the western mining industry rose more than 6%
Western Mining (601168): Yulong Copper Mine strives to reform and expand, the leading mining industry in the western region takes off
Western Mining: Leading mining companies in the western region. The company is the second-largest producer of lead-zinc concentrate and the fifth-largest producer of copper concentrate in China. It is mainly engaged in the extraction, metallurgy and trade of basic non-ferrous metals and ferrous metals such as copper, lead, zinc, iron, nickel, vanadium, and molybdenum.
No Data