On March 14, Minmetals Development Co.Ltd(600058) (sh. Minmetals Development Co.Ltd(600058) ) disclosed that the 2021 annual report showed that the company achieved an annual operating revenue of 87.507 billion yuan, a year-on-year increase of 29.99%; The net profit attributable to the shareholders of the listed company was 479 million yuan, a year-on-year increase of 78.26%, of which the net profit after deducting non recurring profits and losses was 334 million yuan, a year-on-year increase of 104.90%, the best level in a decade.
In terms of business segments, the company’s raw material business focuses on key commodities and key steel mills, focuses on strengthening resource acquisition and comprehensive integrated service capabilities, upstream strengthens resource acquisition, downstream improves integrated services, and the industry influence and market competitiveness continue to improve. In 2021, the number of long-term agreements signed between iron ore business and overseas mines was about 5 million tons, and the number of long-term agreements reached a new high in recent years; The manganese ore business has signed a long-term agreement of nearly 500000 tons, including an index pricing long-term agreement of nearly 200000 tons with the world’s leading manganese ore suppliers; The sales volume of iron ore is about 27.51 million tons, basically the same as that in 2020; The coal sales volume was about 4.91 million tons, a year-on-year increase of 17.6%; The sales volume of coke is about 1.05 million tons and that of chromium ore is about 1.5 million tons, with a year-on-year increase.
The iron and steel business has continuously optimized its business structure, focusing on the terminal distribution of engineering projects, terminal distribution of manufacturing industry, spot self support and other businesses. The management quality has been continuously optimized, the operating efficiency has been steadily improved, and the customer service ability and value creation ability have been significantly enhanced. In the whole year, the terminal distribution of steel was about 6.37 million tons, an increase of 11% year-on-year; The operating volume of steel was about 10.81 million tons, a year-on-year increase of 5%.
The supply chain service business gives full play to the advantages of network layout, relies on the construction of industrial Internet, continues to promote the transformation and upgrading of traditional business, and realizes the leapfrog development of logistics park, logistics, bidding and other businesses. In 2021, the total volume of logistics services completed by the logistics business as a whole was about 125 million tons, with a year-on-year increase of 8.5%; The overall throughput of the logistics park business was about 7.81 million tons, a year-on-year increase of 34.3%; The number of bidding packages in the whole year increased by 1719, and the number of bidding packages executed in a row was achieved.
Minmetals Development Co.Ltd(600058) said that the company would stick to the main business of trade logistics, take terminal demand as the traction, innovation driven, intensively integrate upstream and downstream resources of the iron and steel industry, and accelerate the construction of integrated raw material supply system, terminal steel distribution system and supply chain comprehensive service system with core competitiveness. The company will pay close attention to the new development momentum of digital transformation, strive to build a modern and digital circulation system connecting raw materials, metals and supply chain services, and constantly explore and innovate a new situation of development.
