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2010 Net Profit Of Gold Molybdenum Shares Increased By 50.89% Over The Same Period Last Year

2011/1/13 13:54:00 64

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In the evening of January 12th,

Gold molybdenum shares

(601958.SH) publish 2010 annual performance bulletin, Inc.

Revenue in 2010

It was 7 billion 62 million yuan, an increase of 54% over the previous year, a net profit of 829 million yuan, an increase of 50.89% over the previous year, and a basic earnings per share of 0.26 yuan, an increase of 52.94% over the same period last year.

According to the company's 2009 annual report, the company's operating income was 4 billion 586 million yuan, down 23.05% compared with the same period last year. The net profit attributable to shareholders of listed companies was 549 million yuan, down 79.9% compared with the same period last year, and the basic earnings per share were 0.17 yuan.

For the reasons for the growth in 2010, Northeast Securities said

Molybdenum market price

Compared with the same period in 2009, the company has been actively raising market opportunities, strengthening production operation and management, increasing market operation, deepening potential and enhancing efficiency, so that business performance has increased substantially over the same period last year.

A report by Northeast Securities said that the future development of gold molybdenum shares will focus on Ruyang mining and deep processing.

Within 1-2 years, the Ruyang mine maintains 0.1-0.2 million tons of metal, reaching the target target of 8 thousand tons, and the medium and long term mineral growth is 50%.

At present, the capacity of deep burning and deep processing has not been completely released. If the price of molybdenum is rising strongly, the company will be able to cope with it. At present, 20% of the capacity of the sintering plant has not been released, 40% of the molybdenum industry has not been released, and the output of molybdenum has not been released 71%.

According to the company's data, the gold deposit in the gold mine is a rare large open pit primary molybdenum mine in the world. It is the second largest open-pit molybdenum mine in the world. The reserves of molybdenum deposits in Jin Dui Cheng mine reach 786 thousand and 600 tons.

The Ruyang mine has 65% tons of molybdenum and 689 thousand of its metal reserves.

The total molybdenum reserves controlled by the company amounted to 1 million 238 thousand and 600 tons, accounting for 14.21% of the world's 8 million 700 thousand tons of molybdenum reserves and 37.53% of China's 3 million 300 thousand tons of molybdenum reserves.