The volume and price of cobalt and copper both at home and abroad have increased, and Tengyuan Cobalt’s net profit in the first quarter is expected to increase by 40% to 70% jqknews

　　Tengyuan Cobalt IndustryQ1 2022 release on the evening of April 7performanceforecast, the company expectsnet profitIt is 411.1562 million yuan to 502.5242 million yuan, an increase of 38.83%-69.68% over the same period of the previous year; the deducted non-net profit is 409.877 million yuan to 500.9607 million yuan, an increase of 39.89%-70.97% over the same period of the previous year.

　　Tengyuan Cobalt IndustrySaid that during the reporting period, the company’s performance achieved a large year-on-year increase, mainly due to the rapid growth of the company’s domestic and foreign cobalt and copper production compared with the same period of the previous year. In addition, with the increase in the sales prices of cobalt and copper, the overall profitability of the company has been greatly improved.

　　Tengyuan Cobalt IndustryMainly engaged in the research and development, production and sales of cobalt and copper products, it is one of the most competitive cobalt salt manufacturers in China. The core products are cobalt chloride, cobalt sulfate and other cobalt salts and copper electrodeposited.The company was listed on March 17, 2022. According to the prospectus, in 2021, the company will achieveOperating income4.158 billion yuan, a year-on-year increase of 132.66%; net profit of 1.144 billion yuan, a year-on-year increase of 122.91%; non-net profit deducted to 1.14 billion yuan, a year-on-year increase of 228.04%.

(Article source: ShanghaisecuritiesNewspaper Chinasecuritiesnetwork)

Article source: Shanghai Securities News China Securities Network

Responsible editor: 73

Original title: The volume and price of cobalt and copper at home and abroad have increased together, and Tengyuan Cobalt’s net profit in the first quarter is expected to increase by 40% to 70%