Inner Mongolia Dazhong Mining Co.Ltd(001203) 3 disclosed the annual report of 2021. During the reporting period, the company achieved a total operating revenue of about 4.895 billion yuan, a year-on-year increase of 96.05%; The net profit attributable to the shareholders of the listed company was about 1.625 billion yuan, a year-on-year increase of 174.47%. The company’s main products are iron concentrate powder and pellets, which are mainly used as raw materials for iron and steel production enterprises. During the reporting period, the sales revenue of iron concentrate powder and pellets accounted for 98.1% of the operating revenue.
Inner Mongolia Dazhong Mining Co.Ltd(001203) pointed out that benefiting from the strong demand in the Chinese market, China’s iron ore price showed strong performance in the first half of 2021, and the spot price hit an all-time high of US $233 in mid May; In the second half of the year, iron ore prices fell as iron and steel enterprises continued to upgrade measures such as reducing crude steel, double control of energy consumption and limiting production by environmental protection; At the end of the year, with the improvement of expectations for the downstream industry of iron ore, the price of iron ore rebounded significantly.
