“The net profit attributable to owners of the parent company in the first three quarters of 2012 will be significantly lower than that of the same period of the previous year.” This is the third quarterly performance forecast for the 2012 mid-year report of Guangshao Nonferrous, which is the third time this year. The announcement of the performance of the second release. At the same time, the company's profit for the first half of the year was only 9.41 million yuan, a significant drop of 92.99%. Since the second half of 2009, there has been a wave of “roller coaster” prices in the price of rare earths. Previously, in 2011, when the price of rare earth soared, Hirose had achieved a net profit of 170 million yuan, a year-on-year increase of 354%. However, the good times did not last long. The price of most rare earth products fell by more than half in more than half a year, and the bright and colorful performance also faded rapidly. In addition to the plunge in prices, the international rare earth market has also frequently reported adverse news for China's rare earth industry. Overseas production capacity will increase sharply, and global production capacity will be turned to excess due to insufficient supply. This will inhibit the rise of rare earth prices for a long period of time, which will affect the performance of domestic rare earth enterprises. The price of rare earth has not yet reached the end. The 2012 mid-year report shows that the company's main business income in the first half of the year was 1.12 billion yuan, a year-on-year increase of 1.31%; net profit was 9.41 million yuan, down 92.99%. The company explained that due to the economic downturn, sales of tungsten and rare earth products of major products declined, prices fell, and the profit margin of products narrowed, resulting in a significant reduction in corporate profits. Rare earth and related products accounted for more than 90% of the revenue of Guangshao Nonferrous, and from the price of major rare earth products, the decline in the first half of 2012 exceeded 30%. The decline in rare earth prices caused the operating profit margin of the company's rare earth business to fall. 15.04%. The fluctuation of rare earth prices has the most direct impact on the company's performance. For domestic rare earth enterprises, the biggest bad news is the massive release of overseas production capacity. A rare earth industry analyst told reporters that due to China's reduction of export quotas in recent years, cracking down on illegal piracy and smuggling activities, and will not approve new rare earth exploration and development projects in the short term, the supply of rare earths outside China exists. Big concerns have prompted the resumption of US mines in 2011 and the development of new mines in Australia. “From mid-2012, Australian and US mines will begin to gradually release capacity. At the end of 2012, the newly added rare earth capacity outside China will be about 10,000 tons, and the increase will reach 48,500 tons by the end of 2013, thus completely changing the global rare earth industry pattern. 2013 In the year, the global rare earth industry will begin to enter the era of excess, when China's control of the global rare earth market will be significantly reduced," the analyst said. The above analysts expect that new mines in South Africa, Australia and Canada will enter the construction phase in the next few years. Therefore, although the price of rare earth has fallen by a long time, it has not yet reached the bottom in the short term. It is a consensus in the industry to integrate or save opportunities for overcapacity in the entire industry and to make it difficult to reproduce the price in 2011. Elimination and integration are the hottest topics in China's rare earth industry, and leading enterprises in various regions have been pushed to the main position of integration by policies. In June of this year, Southern Rare Earth launched an integration timetable. According to the "Opinions on Promoting the Integration of Rare Earth Industry in Our Province" issued by the Guangdong Provincial Government (hereinafter referred to as "Opinions"), by the end of 2013, through the market-oriented means of joint, merger, joint venture, etc., the Guangdong Rare Earth Industry Group completed the In the existing integration of rare earth mining and smelting and separating enterprises in Guangdong Province, the Group has basically realized centralized management of rare earth resources and has become a large-scale rare earth enterprise group with key development in the country. At the end of 2015, the integration of the rare earth industry chain in the province was basically completed. There are relatively few rare earth enterprises in Guangdong Province, which are basically subsidiaries of Minmetals Nonferrous Metals, China National Color and Guangzhao Nonferrous Metals. The main strength of Minmetals' nonferrous metals is concentrated in Jiangxi, and the Guangdong region is still not competitive; China National Color Co., Ltd. has no prospecting or mining rights, and its smelting and separation production is still subject to rare earth miners. As the main body of rare earth integration in Guangdong Province, Guangshao Nonferrous Metals Co., Ltd. is expected to obtain more high-quality resources from upstream and downstream. The mining rights of rare earth mines in Guangdong Province are mainly in the hands of Guangzhao Nonferrous, and Guangshao Nonferrous has already taken over the major rare earth enterprises in Guangdong Province, which has laid a good foundation for integration. In addition, Guangdong Rare Earth Industry Group and Guangyu Nonferrous are the same A subsidiary of Guangdong Guangsheng Asset Management Co., Ltd., the industry believes that the follow-up of the rare earth industry group will promote mergers and cooperation with Guangzhao Nonferrous Metals Co., Ltd., and will become the biggest beneficiary of rare earth integration in Guangdong Province. In addition, the Ministry of Industry and Information Technology also issued the "Rare Earth Industry Access Conditions" in early August. An industry insider told reporters that the conditions are basically tailor-made for large-scale rare earth enterprises. Small rare earth enterprises that have been eliminated or rejected, the idle minerals and other resources will inevitably be integrated into large enterprises like Guangzhao. Taking Baotou Steel Rare Earth as an example, Baotou Steel Rare Earth, which has completed the integration of rare earths in the north, absorbed the rare earth rare earth at a price of less than 500 million yuan. The gorgeous rare earth contributed 2.45 billion yuan of main income to Baotou Steel Rare Earth within one year, 4.56 Net profit of 100 million yuan. In terms of elimination and integration, Baotou Steel's rare earth spent more than 60 million yuan to eliminate and integrate 31 small enterprises. "Listed companies must really eat the integrated resources in their mouths, but also look at the face of the SASAC and major shareholders. In order to avoid competition in the same industry, listed companies may have two very different endings. Take Guangsheng Nonferrous as an example, one is Guangdong. The rare earth group injected the integrated rare earth resources into the vast and colorful; the second is that the rare earth business of the listed company has been divested to the Guangdong Rare Earth Group to become a non-rare earth business company,” said the industry insider.

Bathroom accessories

Soap Holder,Shower Soap Holder,Bathroom Basket,soap dish,stainless steel soap rack,etc

WELL DESIGN: Cambered surface Slotted design soap dish, Self Draining, Stylish and functional, Porous design lift to air drying faster

DURABLE CONSTRUCTION: Soap case holder made from 304 stainless steel, get best care to your skin

STYLISH MODERN: Let your bathroom become more simple and upscale!Applicable to families, hotels, home stay and other places to use.


bathroom basket,bathroom rack,bathroom shelves,shower rack,storage basket

Shenzhen Lanejoy Technology Co.,LTD , https://www.injectionnut.com

Posted on