Chengtun Mining Group Co.Ltd(600711) 4 on the evening of April 25, the annual report of 2021 was disclosed, and the net profit attributable to the parent company was 1.031 billion yuan, an increase of 1646% over the same period of the previous year; The net profit after deducting non recurring profits and losses was 651 million yuan, an increase of 378% over the same period of last year; The net cash flow from operating activities was 1.735 billion yuan, an increase of 65% over the same period last year. The performance increased explosively, and the profitability and operating cash flow reached a record high.
The company said that with the further optimization of overseas layout, the layout of energy metal field has been continuously improved. Focusing on energy metals nickel, cobalt and copper, the company controls resources at the top and expands materials at the bottom, continuously injects high-quality assets and expands business scale. In 2021, the overall operating results of the company reached the expectation, especially the projects in Indonesia and the Democratic Republic of the Congo (DRC) had excellent performance, and the profitability and cash flow generated by operating activities reached a record high. In recent years, the company has focused on industry and manufacturing, attached importance to technological innovation and independent R & D capability, and effectively implemented the layout of application integrated industrial chain from the end of mine resources to primary processing and deep processing, and then to the middle and lower reaches. In 2021, overseas projects were put into construction as scheduled. China’s technological transformation improved product quality and independently developed two side blowing systems to complete the classified tasks and set objectives of project construction with high quality and efficiency.
During the reporting period, the company’s metal smelting and deep processing business realized an operating revenue of 14.12 billion yuan, a year-on-year increase of 115.54%, and a gross profit of 3.903 billion yuan, a year-on-year increase of 226.83%. In 2021, Youshan nickel project was well completed and achieved a breakthrough in output, ranking among the best echelons in the completion of nickel project in weidabei Industrial Park; The CCR copper cobalt project in the Democratic Republic of the Congo (DRC) promoted the steady improvement of operation through technical transformation and production expansion, and the output of copper and cobalt reached a new high; In the whole year, 39400 tons of nickel metal, 40500 tons of copper and 1052347 tons of cobalt products were produced. Nickel products, copper products and cobalt products achieved a total annual revenue of 8.885 billion yuan, with a year-on-year increase in gross profit margin. Overseas projects made a huge contribution to the profits of industrial development.
Chengtun Mining Group Co.Ltd(600711) seize the opportunity in the field of new energy, implement the layout projects one by one, and formulate plans to further improve the production capacity of nickel, cobalt and copper, so as to make the overall development of overseas projects better and better.
Chengtun Mining Group Co.Ltd(600711) adhering to the concept of innovative technology, further give play to its own resources, technology and team advantages to promote the construction of Guizhou new energy project and Indonesia Shengmai nickel project.
At present, Chengtun Mining Group Co.Ltd(600711) focusing on the development strategy of controlling resources and expanding materials in the new energy industry chain, starting from the resource end of energy metals in Africa and Indonesia, it has established overseas smelting and domestic deep processing capacity, further expanded downstream battery material business, and achieved initial results in integrated layout.
