On April 19, Tongling Nonferrous Metals Group Co.Ltd(000630) released the annual report for 2021. During the reporting period, the operating revenue reached 131034 billion yuan, a year-on-year increase of 31.77%; The net profit attributable to shareholders of listed companies was 3.101 billion yuan, a year-on-year increase of 258.29%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 2.738 billion yuan, a year-on-year increase of 299.88%.
It is reported that the company is a large full industry chain copper production enterprise integrating copper mining, smelting, processing and trade. Its main products include cathode copper, sulfuric acid, gold, silver, copper foil and copper strip. The company has profound technical accumulation, leading industry position and significant competitive advantages in the fields of copper mining and beneficiation, copper smelting and copper foil processing. In 2021, the company produced 1.5969 million tons of cathode copper, accounting for 15.22% of China’s total output, ranking the leading position in China; The production capacity of copper foil reaches 45000 tons, and 5g RTF copper foil for communication and 6 micron lithium foil achieve mass production. It is the main supplier of leading enterprises in the industry. In 2021, the ultra-thin electronic copper foil project (phase II) with an annual output of 20000 tons of Tongguan copper foil for high-precision energy storage will be started. After the project is completed and put into operation, the company will have an annual output of 55000 tons of all kinds of high-precision electronic copper foil.
During the reporting period, the company produced 52600 tons of self-produced copper concentrate; Cathode copper 1.5969 million tons, a year-on-year increase of 12.30%; 391900 tons of copper processing materials, with a year-on-year increase of 4.50%, and 4868100 tons of sulfuric acid, with a year-on-year increase of 10.53%; 15956 kg of gold, a year-on-year increase of 19.88%; 621.39 tons of silver, a year-on-year increase of 36.18%; 347900 tons of iron concentrate; The output of 580200 tons of sulfur concentrate was better than expected.
Tongling Nonferrous Metals Group Co.Ltd(000630) said that in the future, it will strengthen, optimize and grow the industrial chain, improve the efficient and economic production mode of the whole industrial chain, form a good situation in which mining, smelting and copper processing go hand in hand, and store energy for the future development of the company. At the mine end, we will continue to track the resource projects outside China with mature conditions, strengthen the deep edge prospecting of existing mines, and strive to increase the upstream resource reserve and self-sufficiency rate. At the smelting end, according to the principle of “optimizing structure, appropriate scale and green ecology”, based on the existing layout, promote the expansion and transformation of smelting potential and enhance the status of world-class copper smelting industry. The copper processing end meets the development needs of new energy and new infrastructure industries, focuses on projects such as copper foil, high-end alloy and enamelled wire for new energy vehicles, and is committed to building a first-class copper-based new material processing base, so as to truly form a good situation of chain extension, chain repair and chain strengthening.
