Yunnan Tin Co.Ltd(000960) the performance forecast for 2021 was released on the evening of January 23. The company expects to realize the net profit attributable to the shareholders of the listed company of RMB 2.7-2.9 billion in 2021, with a year-on-year increase of 291.08% – 320.05%; It is estimated that the net profit after deducting non recurring profits and losses will be 2.75 billion yuan to 3 billion yuan, with a year-on-year increase of 351.93% – 393.01%; The estimated basic earnings per share is 1.64 yuan -1.76 yuan.
For the reasons for performance changes, the announcement shows that during the reporting period, the company achieved remarkable results in reform and innovation, its operating performance hit a record high, and the core value and contribution of the main tin industry were further highlighted. The company has effectively overcome multiple challenges such as rising prices of raw materials and accessories and drastic changes in supply, focused on strengthening fine management and lean production, effectively controlled costs, and significantly improved the output and technical and economic indicators of tin, copper, zinc and other main products; By seizing the opportunity of tin market and cooperating with the supply chain of the whole tin industry chain, the influence of tin market has been further improved and the market share has been further expanded; At the same time, through reform, empowerment and technological innovation, the efficiency of tin deep processing sector has increased significantly.
In addition, the company has considered the impact of non recurring gains and losses such as the disposal of a wholly-owned subsidiary (Yunnan Tin Chenzhou Mining and Metallurgy Co., Ltd.), the proposed provision of asset impairment losses and scrapped assets on the performance of the reporting period.
