Jiangxi Copper Company Limited(600362) recently released the annual report of 2021, and the company achieved an operating revenue of 442768 billion yuan, a year-on-year increase of 38.99%; The net profit attributable to shareholders of listed companies was 5.636 billion yuan, a year-on-year increase of 142.87%.
In terms of project construction, the 10000 t / d expansion project of Jiangxi Copper Company Limited(600362) Wuhan copper phase III and the 5000 t / D exposed pit project of Yinshan mining are stepping up construction; Jiangxi Copper Hongyuan 100000 t / a electrolytic copper project has been put into operation, Jiangxi Copper Guoxing 180000 T / a cathode copper project and Qingyuan Jiangxi Copper 100000 t / a cathode copper reconstruction and expansion project are being vigorously promoted, and the company’s advantages in smelting scale in China will be further consolidated.
At the same time, Jiangxi Copper Company Limited(600362) accelerate the layout of the new energy field and start the construction of 20000 t / a electrolytic copper foil in phase IV of copper foil, 100000 t / a multi head drawn copper thin wire in Zengcheng, Guangzhou and 4000 T / a flat copper wire for new energy vehicles; The three major projects of 100000 t / a lithium battery copper foil, 220000 T / a supporting copper rod, 30000 T / a high-end casting and equipment manufacturing were successfully started in Shangrao Economic Development Zone on December 7, 2021.
Jiangxi Copper Company Limited(600362) at present, it is the largest copper processing manufacturer in China, with an annual processing of more than 1.6 million tons of copper products. The cathode copper output of the company exceeds 1.7 million tons / year, and its Guixi Smelter is the largest copper smelter in the world.
The production and operation objectives of the company in 2022 are that copper concentrate contains 201700 tons of copper, cathode copper produces 1.775 million tons, gold 93 tons, silver 1183 tons, sulfuric acid 5 million tons and copper processing materials 1.82 million tons.
Jiangxi Copper Company Limited(600362) said that in the long run, the supply growth of copper price is slow, the global copper production cannot be effectively released in the next few years, and the risk of supply shortage increases; Demand may have a higher growth rate under the dual stimulation of economic recovery and double carbon targets, leading to the expansion of the supply and demand gap, which will lead to the rise of copper prices. In the medium and short term, the supply side may continue to maintain a stable and tight state, and the demand side may be reduced due to the uncertainty of European economic recovery. It is expected that the focus of copper price trend will move down slightly in 2022, with interval shock as the main line.
