Shandong Jinling Mining Co.Ltd(000655) 3 on March 18, the annual report of 2021 was released. In 2021, the company’s operating revenue was about 1.823 billion yuan, an increase of 27.03% year-on-year; The net profit attributable to the shareholders of the listed company is about 128 million yuan.
The annual report shows that the company belongs to ferrous metal mining and beneficiation industry, and its main business is iron ore mining, production, sales, machining and sales of iron concentrate powder and pellets. The main products include iron concentrate powder, copper concentrate powder and pellet.
From the perspective of the main business model, the main raw material iron ore required by the company’s production comes from self-produced and purchased. The production model is to produce according to the production plan and market conditions formulated by the company’s production technology department at the beginning of the year. The main sales channels of the company’s products are black smelting enterprises and major steel mills. The sales price of iron concentrate powder is mainly determined with reference to Platts 62% iron ore price index.
During the reporting period, the company produced 1057100 tons of iron concentrate powder and sold 1059300 tons; The amount of copper powder produced is 111399 tons, and the sales volume is 121569 tons; Production of 298000 tons of pellets and sales of 295300 tons; The production of vanadium titanium pellets is 181500 tons and the sales is 182500 tons.
The company said that the iron concentrate powder market fluctuated greatly in 2021, but the annual average price remained at an ideal level. The company seized the opportunity, intensively cultivated, strengthened market analysis, optimized market layout and strengthened production and marketing coordination. The product efficiency level was significantly better than that in the same period, and the profit structure showed positive changes.
In the future, the company will make full use of its technical, talent, market and management advantages in the mining industry and corporate culture, give full play to the synergy effect, take the mining industry as the main direction of development, actively look for high-quality iron ore projects, and adhere to the main business of strengthening iron ore without distractions.
In 2022, the company will adhere to the corporate vision of “building a regional first-class mining base” and the corporate mission of “providing customers with high-quality products and services and helping to build an iron and steel industry ecosystem”, comprehensively promote the normalization of epidemic prevention and control and production and operation, adhere to the general tone of seeking progress while maintaining stability, focus on comprehensive benchmarking and system improvement, make an issue of optimizing structure, reducing cost and creating efficiency, and deepen reform Strive for breakthroughs driven by innovation, unswervingly promote high-quality development, unswervingly enhance the well-being of employees, and strive to improve the core competitiveness of enterprises in the new pattern and new environment.
