Since April, some large domestic listed mining enterprises (non-ferrous, coal, steel) have announced the latest performance forecast for the first quarter of 2021.


In this issue, the mining industry has compiled the performance forecasts of 19 mining-related enterprises. Overall, 9 of the 10 non-ferrous enterprises are expected to increase their performance, with net profit increasing by more than 50%, of which Jiangxi Copper's net profit increased by more than 400, while Chalco's net profit exceeded 3000. In the coal field, the net profit of Kailuan shares nearly doubled. In the iron and steel field, the performance of 8 companies increased by more than 100, the industry situation is booming.


Next, let's take a look at the details and see which company performed better in the first quarter of 2021!


Colored





Jiangxi Copper Industry


Net profit in the first quarter is expected to be 0.831 billion -0.879 billion yuan, up 419-449 percent year-on-year. Pre-increase factors: The company overcomes the impact of the Spring Festival holiday and market fluctuations, scientifically organizes production, and digs into management efficiency. The output and prices of major metal products have increased year-on-year, driving performance growth.


Zijin Mining


Net profit in the first quarter is expected to be 2.3 billion to 2.5 billion yuan, up 121.15 to 140.38 percent year-on-year. Pre-increase factors: The company worked hard to overcome the impact of overseas epidemics and the Spring Festival holiday, fully grasped market opportunities, actively organized production, mineral production and sales prices increased year-on-year.


Aluminum Corporation of China


It is estimated that the net profit attributable to shareholders of listed companies will be about 0.967 billion yuan in the first quarter of 2021, an increase of about 30 times over the same period last year. Pre-increase factors: The main reason for the substantial increase in the company's performance is that the company adheres to the market-oriented orientation, pays close attention to reducing costs and increasing efficiency, enhances the competitiveness of its main products through all-factor benchmarking, and seizes market opportunities in a market environment where aluminum prices are high. Achieve a substantial increase in the gross profit of the company's main products compared with the same period last year.


Shandong Gold


It is estimated that the net profit loss in the first quarter of 2021 will be 0.25 billion yuan to 0.35 billion yuan, compared with a profit of 0.563 billion yuan in the same period last year. Pre-loss factors: The company's mines in Shandong Province will carry out safety inspections from February 2021 according to the requirements of local authorities. The company's production capacity was greatly affected by the shutdown safety inspection. In the first quarter, the company's gold production decreased by about 40% year-on-year.


BaoTi shares


The net profit attributable to shareholders of listed companies is expected to be about 92 million yuan in the first quarter of 2021, an increase of about 122.59 percent over the same period last year. Pre-increase factors: The company's product structure is optimized, and the proportion of revenue from products with strong profitability has increased, which has caused the company's operating performance to increase significantly year-on-year.


Minmetals Rare Earth


Net profit in the first quarter is expected to be 95.94 million -0.106 billion yuan, up 702.64-786.30 percent year-on-year. Pre increase factors: the prices of some rare earth commodities have risen, the company actively grasps the trend of market changes, and the gross profit margin and overall profit level have increased significantly compared with the same period last year.


Zhongjin Lingnan


Net profit in the first quarter is expected to be 0.23 billion -0.27 billion yuan, up 61.43-89.5 percent year-on-year. Pre-increase factors: the reporting period of the company's non-ferrous metal main product lead and zinc metal market prices compared to the same period in 2020.


Hengbang shares


It is expected that the net profit attributable to shareholders of listed companies will be 0.134 billion -0.161 billion yuan in the first quarter of 2021, an increase of 50%-80% year-on-year. Pre-increase factors: In the first quarter of 2021, the prices of some of the company's products increased, and the overall profitability increased significantly compared to the same period last year.


Mingtai Aluminum


It is expected that the net profit attributable to shareholders of listed companies will be 0.32 billion yuan to 0.34 billion yuan in the first quarter of 2021, an increase of 0.199 billion yuan to 0.219 billion yuan compared with the same period last year, an increase of 164.46 to 180.99. Pre-increase factors: The downstream industry of aluminum products has strong demand, and the company has a wide range of products, which can meet the diversified needs of downstream customers. The prices of some products have risen, and the overall profit has increased significantly compared with the same period last year. The company vigorously improve production efficiency, increase market development efforts, do a good job of production and marketing coordination, the first quarter of 2021 production and sales of about 280000 tons, production and sales of two prosperous.


Hunan Gold


Net profit in the first quarter is expected to be 74 million yuan, a year-on-year turnaround. Turnaround factors: sales of major products, sales prices increased year-on-year.


Coal





Kailuan shares


Net profit in the first quarter is expected to be 0.256 billion -0.306 billion yuan, up 78.94-94.35 percent year-on-year. Pre-increase factors: in the first quarter of 2021, the market supply and demand continued the pattern of tight balance, coal product prices after the price increase narrow fluctuations; coke product prices first rose and then suppressed, the overall trend of high volatility. The company actively seized market opportunities, gave full play to the advantages of circular economy, maintained a high utilization rate of plant production capacity, continued to strengthen production and operation control, and achieved a better year-on-year growth in the company's operating performance.


Steel





Valin Steel


In the first quarter of 2021, net profit was 2.054 billion billion yuan, up 81.06 year on year. Growth factors: In the first quarter of 2021, the company overcame the difficulties of high raw material prices, seized downstream market opportunities, continued to promote the construction of three strategic support systems: lean production, integration of sales, research and production, and marketing services, and accelerated production line upgrades and product structure upgrades. Continuously improve operational efficiency, total operating income and net profit attributable to shareholders of listed companies have reached the best level in quarterly history.


Angang Steel


Net profit is expected to be about 1.35 billion billion yuan in the first quarter of 2021, up about 362 percent year-on-year. Pre-increase factors: In the first quarter of 2021, the prosperity of the steel industry continued to improve. The company seized the favorable opportunity of the recovery of the steel market, vigorously explored the market, strengthened marketing management, promoted production and sales coordination, effectively allocated resources, adjusted the variety structure, and deeply explored internal reduction. Cost-increasing potential, strict and fine management, continuous improvement of all-factor production efficiency, continuous improvement of production and operation, and a substantial increase in net profit attributable to shareholders of listed companies over the same period last year.


TISCO Stainless


It is estimated that the net profit attributable to shareholders of listed companies will be 1.6 billion -2.1 billion yuan in the first quarter of 2021, up 971.17-1305.90 year-on-year. Pre-increase factors: In the first quarter of 2021, affected by the macroeconomic recovery, the downstream industry demand for steel products increased. At the same time, the increase in raw material prices promoted the increase in steel prices. The company seized the opportunity and vigorously improved ironmaking and steelmaking through benchmarking., The production efficiency of the entire line of rolled materials, while actively promoting the production of differentiated products, continuously optimizing the variety structure, product competitiveness continued to improve, and operating performance increased significantly year-on year.


Shougang shares


It is estimated that the net profit attributable to shareholders of listed companies will be 1 billion -1.1 billion yuan in the first quarter of 2021, up 406-457 year-on-year. Pre-increase factors: During the reporting period, the company seized favorable market opportunities to further optimize product structure, increase the proportion of high-end leading products, enhance product market competitiveness, increase market development, and improve the company's overall efficiency.


Nangang shares


The net profit attributable to shareholders of listed companies is expected to be 0.9 billion yuan to 0.93 billion yuan in the first quarter of 2021, an increase of 0.439 billion yuan to 0.469 billion yuan compared with the same period last year, an increase of 95.11 to 101.61 percent year-on-year. Pre-growth factors: In the first quarter of 2021, the company's product structure continued to optimize, the sales and prices of major products increased, and the company's operating income and total profit increased.


Chongqing Iron and Steel


Net profit is expected to grow by about 25880.66 percent year-on-year in the first quarter of 2021. Pre-increase factors: In the first quarter of 2021, Chongqing Iron and Steel achieved a steady increase in production and sales economies of scale, production and operation continued to improve, and the net profit attributable to shareholders of listed companies increased significantly year-on-year.


Shagang shares


The company's net profit is expected to be 0.18 billion -0.27 billion yuan in the first quarter of 2021, an increase of 83.16-174.74 percent over the same period last year. Pre-increase factors: Mainly due to the increase in steel sales prices and year-on-year increase in sales, the company's operating income and product sales gross profit were better than expected.


Hanggang shares


It is estimated that the net profit attributable to shareholders of listed companies will be about 0.358 billion yuan in the first quarter of 2021, an increase of about 0.216 billion yuan compared with the same period of last year, and a year-on-year increase of about 152.11. Pre-increase factors: In the first quarter of 2021, the domestic economic growth situation was good, and downstream demand was strong. At the same time, under the optimistic expectation of loose liquidity, steel prices rose sharply year-on-year, and the benefits of steel companies were significantly improved; the company actively planned to carry out "standard" The work of "first-class management improvement" has achieved obvious cost control effects by learning advanced, innovating work ideas, and strengthening refined management.


Source: Announcement of each listed company


Source: Xian Ji Network
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