Open-pit coal industry: aluminum liquid is mainly sold to surrounding aluminum processing enterprises, and aluminum ingots and various types of aluminum are mainly sold to Northeast and North China

Some investors asked the Open Coal Industry (002128). In the first two years of the cycle, the company took Huomei Hongjun into the arms of a listed company and became a large-scale enterprise integrating coal, electric power and smelting. May I ask the current Huomei Hongjun’s operating conditions and profitability, is the current profitability in line with the estimated investment return at the time of listing? What is the company’s industry position in non-ferrous metal smelting? What are the main sales channels of the company’s aluminum products ?Since the beginning of this year, non-ferrous metals have soared, what benefits have they brought to the company? thanks.

The company replied, A: Hello. (1) In 2018, after deducting relevant litigation matters, Huo Mei Hongjun realized net profit of 271,148,800 yuan in 2018, and realized net profit of 481,801,800 yuan in 2019 after deducting non-recurring gains and losses in 2019; 2020 after deducting non-recurring gains and losses in 2020 Achieved a net profit of 982.8158 million yuan. In 2018-2020, the three-year performance commitment has been achieved. (2) Huomei Hongjun sales model: The production and sales of aluminum products mainly include molten aluminum, aluminum ingots and various types of aluminum. Among them, molten aluminum is mainly sold to surrounding aluminum processing enterprises, and aluminum ingots and various types of aluminum are mainly sold to Northeast and North China. (3) The price increase of the aluminum industry since 2021 is beneficial to the improvement of Huomei Hongjun’s efficiency. thanks

Link to this article:Open-pit coal industry: aluminum liquid is mainly sold to surrounding aluminum processing enterprises, and aluminum ingots and various types of aluminum are mainly sold to Northeast and North China

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