Shengda Resources: Further focus on the main business of mining and selection, and the net profit in 2021 will increase by 45.1% year-on-year.

　　Shengda ResourcesThe 2021 annual report will be disclosed on the evening of April 25.During the reporting period, the company achievedOperating income1.638 billion yuan, basically the same as the previous year; attributable to listed companiesshareholderofnet profitAbout 422 million yuan, a year-on-year increase of 45.1%. Net cash flow from operating activities was 827 million yuan, a year-on-year increase of 38.05%. During the reporting period, the company further focused on the main business of mining and selection.

The annual report shows that the main raw materials required for the production of the company’s mines are self-mining stones, and the production mode is pipeline production as planned. The sales channels of the company’s products are mainly smelters and metal material processing enterprises, and some are also sold to traders, who then sell to smelters.

　　announcementIt shows that the company currently owns 6 high-quality mines including Yindu Mining, Jinshan Mining, Everbright Mining, Jindu Mining, Dongsheng Mining and Deyun Mining, as well as rich silver, gold, lead, zinc and manganese metal resources, with an annual mining and processing capacity of nearly 2 million tons, of which the controlled silver reserves are nearly 10,000 tons.During the reporting period, the company continued to promote newenergy metalbusiness. In 2021, the company has been upgraded from a simple mining and beneficiation business to a resource enterprise integrating the mining and beneficiation of primary mines and the development of urban mines.The company will continue to adhere to the development strategy of “primary mineral resources + urban mine resources”, and will continue to promote the manganese sulfate monohydrate project and regenerate newenergy metalOn the basis that the project is fully completed and put into production, continue to expand newenergy metalrelated businesses to form a complete industrial chain.

The company pointed out that Jinshan Mining has built a 35,000-ton manganese sulfate monohydrate production line and put it into operation. In 2022, it will strive to achieve full production and contribute profits to the company. Further test and demonstration to produce high-purity manganese sulfate monohydrate. Jinye Environmental Protection has completed the first phase of the planned capacity construction of 200,000 tons of hazardous waste, and has obtained a hazardous waste business license of 182,600 tons, producing nickel matte (low nickel matte, matte copper). In 2022, Jinye Environmental Protection plans to put into production high nickel matte, and carry out the construction of the second phase of the planned wet refining system. New energy vehicles have become an important part of energy conservation and emission reduction in various countries, and the demand for ternary materials is expected to maintain rapid growth.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

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Original title: Shengda Resources: Further focus on the main business of mining and selection, the net profit in 2021 will increase by 45.1% year-on-year