Huayu Mining (601020.SH) issued an announcement. The company expects to become a listed company stock in 2023...
Zhitong Finance App News, Huayu Mining (601020.SH) announced that the company expects to achieve net profit attributable to shareholders of listed companies of 60 million yuan to 85 million yuan in 2023, a year-on-year decrease of about 59.92% to 43.22% compared with the same period last year.
During the reporting period, domestic demand and prices for non-ferrous metals showed an overall upward trend. At the same time, the Kangqiao Qijin and Antimony project of the overseas subsidiary “Ta Aluminum Gold Industry” closed joint stock company benefited from the continued improvement in the gold market and the gradual release of production, and the company's operating income increased sharply over the same period last year. Due to the characteristics of the mining industry, the Kangqiao Qijin and Antimony project is still in a period of climbing capacity, and the fixed cost per unit is relatively high, so the company's overall gross margin level falls short of expectations. During the reporting period, the Somoni exchange rate depreciated against the US dollar, causing large exchange losses, while the appreciation of the Somoni exchange rate against the US dollar during the same period last year generated large exchange gains, so financial expenses for the current period increased dramatically over the same period last year.