On the evening of April 25, the silver leader Shengda Resources Co.Ltd(000603) disclosed the performance of 2021. During the reporting period, the company’s revenue was 1.638 billion yuan; The net profit attributable to the parent company was 422 million yuan, a significant increase of 45.10% over the same period last year; The net profit after deducting non-profit was 410 million yuan, a sharp increase of 71.59% year-on-year.
While the company’s performance has maintained rapid growth, the company’s business quality and profitability have also been significantly improved. Among them, the net cash flow from operating activities was 827 million yuan, a year-on-year increase of 38.05%; Earnings per share was 0.61 yuan / share, with a year-on-year increase of 45.10%; The weighted average return on net assets (ROE) was 17.56%, with a year-on-year increase of 4.03%.
During the reporting period, the company further focused on the main business of mining and beneficiation and reduced the non-ferrous metal trading business with low gross profit margin. The annual mining and beneficiation revenue was 1.499 billion yuan, and the proportion of revenue increased significantly to 91.51% on the basis of 70.32% last year, with a year-on-year increase of 30.16%.
The company’s new profit growth point also began to appear. In 2021, the new energy business has been cultivated for nearly three years and achieved a breakthrough of 0-1 in performance. The annual report shows that the company’s income from renewable new energy metals is 69.739 million yuan, accounting for 4.26% of the company’s revenue. With the in-depth promotion of the company in the new energy industry in 2022, a new growth stage is expected to come.
Overall, Shengda Resources Co.Ltd(000603) optimized the business structure and improved the profitability and competitiveness of the company. The most intuitive performance is the further improvement of the gross profit level of mining and beneficiation of the company’s core main business, with an annual gross profit of 71.47%, a year-on-year increase of 6.86%. At the same time, the company has stronger ability to resist the price fluctuation of nonferrous metals and the market.
Shengda Resources Co.Ltd(000603) strategy is clear, attention is paid to resource accumulation, and the position of main business in the industry is constantly improving. The substantial increment expectation brought by the newly acquired zhugongtang lead zinc mine project will greatly increase the volume of the company. In addition, relying on the strength of the group and forward-looking strategic vision, the company has continued to promote the new energy metal resources business in recent years, and new energy resources will contribute more performance to the company in 2022. With the high prosperity of the track and the company’s high-quality resource management ability, the new energy business is expected to become another surprising profit growth point of the company in 2022.
