24 AUGUST 2015Shanghai Metal Market
Zhuzhou Smelter posts 109 million yuan losses in H1
Edited by : AL CIRCLE
1 min read
Zhuzhou Smelter Group reported losses of 109 million yuan in the first half of 2015 due mainly to tumbling indium prices, which slumped some 43%, according to the company’s mid-year report.
Indium selling prices fell 42.79% year-on-year, affecting the company’s indium output by 24.48% year-on-year. The company’s gross margins from precious metals dropped 4.3%, down 21.7 percentage points year-on-year.
Zhuzhou Smelter’s profit fell as much as 1268%, compared to the profit of 9.37 million yuan in the same period last year. Its income from major businesses was 6.74 billion yuan, down 7.2% year-on-year. Gross margins from major businesses were 263 million yuan or 3.93%, down 90.82 million yuan or 0.98 percentage point year-on-year.
Gross margins from zinc products were 6.75%, up 0.64 percentage point year-on-year. Those from lead products increased 1.62 percentage points to 0.01%.
The company earned 39.81 million yuan in 2014, up 71.53% year-on-year. Its indium output grew 54.02% as indium selling prices rose 84.80% year-on-year.
Indium selling prices fell 42.79% year-on-year, affecting the company’s indium output by 24.48% year-on-year. The company’s gross margins from precious metals dropped 4.3%, down 21.7 percentage points year-on-year.
Zhuzhou Smelter’s profit fell as much as 1268%, compared to the profit of 9.37 million yuan in the same period last year. Its income from major businesses was 6.74 billion yuan, down 7.2% year-on-year. Gross margins from major businesses were 263 million yuan or 3.93%, down 90.82 million yuan or 0.98 percentage point year-on-year.
Gross margins from zinc products were 6.75%, up 0.64 percentage point year-on-year. Those from lead products increased 1.62 percentage points to 0.01%.
The company earned 39.81 million yuan in 2014, up 71.53% year-on-year. Its indium output grew 54.02% as indium selling prices rose 84.80% year-on-year.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
WBMS: primary aluminum market in deficit during Jan - June 2015
Next articleInner Mongolia Huolingol to expand aluminum capacity to 4 mln-tpy by 2018
Grow with
AL Circle
