Yuguang Gold and Lead's net profits up by 138.54% YOY in H1 2017
2017-08-24 16:20:24 [Print]
According to semi-annual report released by Yuguang Gold & Lead Co., Ltd. on the evening of August 22nd, its output for electrolytic lead and cathode copper was 203,100t and 44,100t in the first half of 2017 respectively, down by 0.16% and 17.89% YOY; the output for gold and silver was 3,903kg and 436t during the period respectively, up by 87.74% and 9.93% YOY; operating revenues were RMB7.786 billion in total in the first half of 2017, up by 29.26% YOY; net profits attributable to share holders of listed company was RMB85.6006 million during the period, up by 138.54% YOY.
The report noted that reasons for net profits of the company to increase substantially on year-on-year basis are as follow: firstly, prices for non-ferrous metal products picked up in the first half of 2017 with prices for lead up by over 30% YOY in the market and gross profits for electrolytic lead of the company up by 4.99 percentage points YOY; secondly, thanks to the working concept of raising output and improving effect, several technical indexes of the company reached the best level in the history, which ensured the increase of operating revenues and profits.
Yuguang Gold and Lead mainly engages in smelting and operation of non-ferrous metals, sales for chemical raw material, smelting for precious metals and selling for gold and silver products with electrolytic lead, cathode copper, silver, gold, vitriol and others as its main products.
The report noted that reasons for net profits of the company to increase substantially on year-on-year basis are as follow: firstly, prices for non-ferrous metal products picked up in the first half of 2017 with prices for lead up by over 30% YOY in the market and gross profits for electrolytic lead of the company up by 4.99 percentage points YOY; secondly, thanks to the working concept of raising output and improving effect, several technical indexes of the company reached the best level in the history, which ensured the increase of operating revenues and profits.
Yuguang Gold and Lead mainly engages in smelting and operation of non-ferrous metals, sales for chemical raw material, smelting for precious metals and selling for gold and silver products with electrolytic lead, cathode copper, silver, gold, vitriol and others as its main products.
Copper Conc. 20%min Delivered China
Unit:RMB/mt Cu
China copper concentrate producers' inventory to production ratio statistics by province by month
Unit: %
