Metallurgical Corporation Of China Ltd(601618) : nickel ore
In December 2008, MCC initiated the establishment of Metallurgical Corporation Of China Ltd(601618) . In September 2009, Metallurgical Corporation Of China Ltd(601618) was successfully listed in Shanghai and Hong Kong. In 2021q1-3, the company achieved an operating revenue of 349488 billion yuan, an increase of 30.42% at the same time; The net profit attributable to the parent company was 6.128 billion yuan, a year-on-year increase of 33.01%. Russia accounts for 7.8% of the global nickel reserves. Under the background of the conflict between Russia and Ukraine, the global nickel supply is tightening and the price is rising rapidly. The company’s Papua New Guinea Ruimu nickel cobalt project estimates that the retained resources are 156 million tons, with an average nickel grade of 0.85% and an average cobalt grade of 0.09%, equivalent to 1.32 million tons of nickel metal and 140000 tons of cobalt metal.
Qingdao East Steel Tower Stock Co.Ltd(002545) : potash fertilizer
Qingdao East Steel Tower Stock Co.Ltd(002545) was founded in 1982 and listed on Shenzhen Stock Exchange on February 11, 2011. In 2021q1-3, the company realized an operating revenue of 2.022 billion yuan, an increase of 4.62% at the same time; The net profit attributable to the shareholders of the listed company was 352 million yuan, an increase of 51.46%. With the sanctions imposed on Russia and Belarus, the global supply of potash fertilizer has tightened simultaneously, and the price of potash fertilizer has risen rapidly. In 2020, the company’s potassium chloride business revenue accounted for 27%, and the existing potassium chloride production capacity was 500000 tons / year. The first phase of the 1.5 million ton potassium chloride project of Laos potassium magnesium salt mine (500000 tons) was started at the end of 2021, and the production capacity is expected to double after reaching the production capacity.
China Railway Group Limited(601390) : molybdenum, copper, cobalt, lead, zinc
On September 12, 2007, China Railway Engineering Corporation exclusively initiated the establishment of China Railway Group Limited(601390) , which was listed on Shanghai Stock Exchange and Hong Kong Stock Exchange on December 3 and December 7, 2007 respectively. In 2021q1-3, the company achieved a total operating revenue of 770218 billion yuan, an increase of 11.83% and a net profit attributable to the parent company of 20.647 billion yuan, an increase of 13.07%. At present, the company has five modern mines at home and abroad, including molybdenum mine, copper cobalt mine and lead-zinc mine, and the retained reserves are in a leading position in the same industry in China.
Sichuan Road & Bridge Co.Ltd(600039) : lithium ore
Sichuan Road & Bridge Co.Ltd(600039) was established in December 1999 and was listed on the Shanghai Stock Exchange in March 2003. In 2021q1-3, the company achieved an operating revenue of 52.021 billion yuan, an increase of 38.56% and a net profit attributable to the parent company of 5.41 billion yuan, an increase of 78.72%. Due to the demand of downstream new energy vehicles and tight supply, the lithium mine has a long time from production to landing, and the lithium carbonate has recently approached 500000 yuan / ton. In October 2021, Sichuan New Energy Power Company Limited(000155) plans to transfer 5% equity of energy investment lithium to the company. Lijiagou lithium mine owned by energy investment lithium is the largest single spodumene mine in Asia, and 510000 tons of lithium oxide reserves have been explored and identified.
Risk warning: the conflict between Russia and Ukraine is uncertain; Downstream demand is lower than expected; Non ferrous metal price fluctuation risk.
