In The First Half Of 2020, Anning Had Net Profit Of 354 Million, Increased By 27.46% Year On Year

www.ferroalloynet.com: On August 20, Anning Stock (002978) recently released its 2020 semi-annual report, showing that in the first half of 2020, the company achieved an operating income of 849688464.71 Yuan with a year-on-year growth of 22.77%. It achieved that the net profit attributable to shareholders of the listed company was 353603975.26 Yuan, up 27.46% year on year.

The total assets of the company at the end of the reporting period were 4394263508.84 Yuan, up 44.27% from the end of the previous year. It achieved that the net profit attributable to shareholders of the listed company was 3774820955.88 Yuan, up 60.80% year on year.

It is learned that since 2020, the coVID-19 epidemic has spread around the world, and trade frictions between China and the United States have continued to grow. As a result, various sectors of society and the economy have been severely impacted. The domestic economy has faced a severe external environment, and downward pressure on the economy has continued to rise. In the face of the complex economic situation, the management of the company, based on the business plan made at the beginning of the year, led all the staff to gather together, forge ahead with determination, firmly consolidate the main business, dig the advantages of technological innovation, produce products with better efficiency, and ensure the profit growth. At the same time, strengthen internal control management, strengthen cost control, and improve production efficiency.

Through careful arrangement, the company was officially listed on the A-share market and successfully listed on April 17, 2020. This issue has raised a total of 1.052 billion yuan, laying a solid foundation for the rapid development of the company.

During the reporting period, the company produced 253200 tons of titanium concentrate and 638,700 tons of vanadium titano-magnetite concentrate (61%). 281700 tons of titanium concentrate were sold, an increase of 8.18% year-on-year. Vanadium titanium iron concentrate (61%) sold 70.04 million tons, a year-on-year increase of 102.19%.

Anning Co., Ltd. is a vanadium titano-magnetite enterprise with leading technology for comprehensive utilization of polymetallic co-associated ore, the largest titanium concentrate supplier in China, and the only vanadium titano-magnetite concentrate (61%) producer in Panxi region.

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