豫光金铅工作人员对以投资者身份咨询的财联社记者表示，公司的矿料都来自于外部采购，虽然近年来铅产品的毛利率为负数，但算上金、银等副产品的收益，整体利润仍较好。①Benefiting from the overall " volume and price both rise" in the main nonferrous metal products, the net income of Henan Yuguang Gold & Lead in H1 has reached a historical high since its listing in the same period; ②The company's ore all comes from external purchases, and although the gross margin of lead products has been negative in recent years, considering the income from by-products such as gold and silver, the overall profit is still relatively good.
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Caixin Online, August 30th (Reporter: Liang Xiangcai) Due to the overall "volume and price both rise" in the main nonferrous metal products, Henan Yuguang Gold & Lead (600531.SH) achieved a historical high in net income for H1 since its listing in the same period.
The staff of Henan Yuguang Gold & Lead, when consulted by Caixin Online as an investor, stated that the company's ore all comes from external purchases, and although the gross margin of lead products has been negative in recent years, considering the income from by-products such as gold and silver, the overall profit is still relatively good.
After the market closed today, Henan Yuguang Gold & Lead released the financial report for the first half of 2024, with H1 achieving a total operating income of 18.869 billion yuan, an increase of 14.14% year-on-year; the net profit attributable to the mother was 0.421 billion yuan, an increase of 15.37% year-on-year.
The overall strong operation of prices for nonferrous metals such as gold, silver, and copper is one of the main reasons for the company's performance growth. In the first half of the year, the average price of three-month copper futures on the Shanghai Futures Exchange was 74,967.62 yuan per ton, an increase of 10.83% year-on-year; the average price of Au99.95 on the Shanghai Gold Exchange was 520.36 yuan per gram, an increase of 20.1% year-on-year; the average price of silver on the Shanghai Huatong Platinum and Silver Exchange was 6,775 yuan per kilogram, an increase of 28.0% year-on-year.
In terms of production, Henan Yuguang Gold & Lead produced 0.289 million tons of lead products, 0.0857 million tons of electrolytic copper, 7728.62 kilograms of gold, and 765.72 tons of silver in the first half of the year, with year-on-year changes of 7.34%, 2.31%, 17.41%, and -4.67% respectively.
It's worth noting that, in May 2022, Henan Yuguang Gold & Lead first proposed the plan to raise 1.47 billion yuan through convertible bonds, and there have been new developments. According to the company's announcement on August 30th, the listing date for the convertible bonds is September 3, 2024. In terms of the quota, compared to the previous 1.47 billion yuan, it has been reduced by more than half to 0.71 billion yuan.
Correspondingly, the previously planned 10,000-ton copper foil project, which was intended to raise approximately 0.534 billion yuan, has been cancelled, and the project to supplement working capital has been reduced from 0.438 billion yuan to 0.212 billion yuan.
In this Henan Yuguang gold & lead's proposed issuance of convertible bonds not exceeding 0.71 billion yuan, the largest investment project is the closed recycling lead production line project, with an expected investment amount of 0.376 billion yuan.