Zhejiang Huayou Cobalt Co.Ltd(603799) issued a Clarification Announcement. The company was concerned about the media reports about the company’s accumulation of a large number of short positions in the nickel derivatives market and the possible influence of the company’s Indonesian nickel resource development project by the partners. The company clarifies that nickel is the main raw material in the production and operation of the company. Recently, the nickel futures market has experienced abnormal fluctuations. Up to now, the company has not been forced to close its positions, and the risk is controllable. The company’s production and operation are normal. Nickel and cobalt resource development projects such as the laterite nickel ore hydrometallurgy crude nickel and cobalt hydroxide project and the laterite nickel ore pyrometallurgy high matte project arranged in Indonesia are normally promoted. Among them, the laterite nickel ore hydrometallurgy project with an annual output of 60000 tons of nickel metal of the subsidiary Huayue nickel and cobalt Co., Ltd. has been successfully put into trial production.
[ company report ]
Zhejiang Huayou Cobalt Co.Ltd(603799) : nickel hedging has not been forced to level
After trading on March 9, Zhejiang Huayou Cobalt Co.Ltd(603799) issued a Clarification Announcement on media reports, saying that the nickel futures market has experienced abnormal fluctuations recently. Up to now, the company has not been forced to close its positions, and the risk is controllable. There is uncertainty in the future trend of nickel futures, which may lead to losses in the company’s hedging business.
Zhejiang Huayou Cobalt Co.Ltd(603799) holding subsidiary plans to increase capital of Huayou Posco and Puhua company
Zhejiang Huayou Cobalt Co.Ltd(603799) announced that Huayou new energy and POSCO chemical, the holding subsidiaries of the company, plan to increase the capital of Huayou Posco and Puhua respectively. Huayou POSCO plans to increase its registered capital by 144532 million yuan, of which Huayou new energy will increase its registered capital by 867.19 million yuan. After the capital increase, Huayou POSCO’s registered capital will increase from 336 million yuan to 178132 million yuan. Huayou new energy holds 60% of the equity of Huayou POSCO. Puhua company plans to increase the registered capital by 163769 million yuan, of which Huayou new energy will increase the capital by 65.08 million yuan. After the capital increase, the registered capital of Puhua company will increase from 310 million yuan to 194769 million yuan. Huayou new energy holds 40% of the equity of Puhua company.
