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优库资源(02112.HK):盈利能力有望提升

Youku Resources (02112.HK): Profitability is expected to increase

金利豐證券 ·  Feb 24, 2014 00:00  · Researches

The consumption of domestic waste will account for nearly half of the global consumption, attracting many suppliers from diamond producing countries to export their products to them. The production activities of database resources (2112) are concentrated in the Ibam mine in Laussia, mainly selling ore products to Chinese producers and manufacturers. 405,000 tons of mineral products were sold in the first half of last year, an increase of 1.1 times over the same period last year, with an average grade of 59.9%. Income during the period increased by 81.3 per cent year-on-year to US $47.13 million, profit increased 2.2 times to US $1764.5, and gross profit margin reached 593 per cent.

Last year, due to the expected heavy rainfall in Xi'an, the mining bureau asked the mining bureau to rebuild the existing sewage recovery system in the Ibam mining pond, which may have a negative impact on the profits in the second half of last year. However, the relevant project was completed in January this year, and after an investigation arranged by the Mining Bureau, it is believed that production is expected to be completed, which will have a limited impact on this year's budget. The problem of pollution in the interior is very serious. in order to tie in with the environmental protection policy in the interior, Jihua is also carrying out technical transformation of some production lines to produce low-cost, low-energy consumption fine ball-making powder, which contains 66% or more. The expected products will be put into production in batches in the second quarter of this year, and sales volume and profit margin are also expected to increase.

At the end of last year, the collection of unregistered records, the acquisition of shares in Bukit Besi surrounding areas, and the opening of a KEMAHANG 3 project in cooperation with the future Western governments will help to expand the scope of business activities. At the same time, the Consortium has been carrying out production planning, and plans to install 12 external crushing lines and 12 external mining lines before the beginning of 2015, with an annual mineral production of 3.18 million tons by the end of 2015.

Stocks lack upward momentum and have been hovering at the level of 1.8 yuan. Due to the long-term low number of transactions, the accuracy of technical analysis may be affected.

The translation is provided by third-party software.


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