China News Service, Beijing, July 21 (Pang Wuji, Wang Xiwei) China Minmetals, China's largest metal and mineral group, released its first half performance data on the 21st. In the first half of the year, the group's revenue increased by 35% year-on-year, and its total profit increased by 175% year-on-year. , Net profit increased by 182% year-on-year, and major operating indicators increased significantly.
Data show that in the first half of the year, China Minmetals' performance reached a new high and its operation quality continued to improve.
Metal mining revenue increased by 51% year-on-year, engineering business revenue increased by 43% year-on-year, and the value of newly signed metallurgical engineering contracts increased by 59% year-on-year.
At the end of June, the scale of interest-bearing liabilities and the debt-to-asset ratio both decreased year-on-year.
The total asset turnover rate and current asset turnover rate increased year-on-year to the best level in history.
The labor productivity of all employees increased significantly year-on-year.
China Minmetals ranks A-level in the 2020 performance assessment results of the heads of central enterprises recently announced by the State-owned Assets Supervision and Administration Commission of the State Council.
In the first half of the year, the mining market was in an upward cycle.
The output of China Minmetals' zinc, tungsten, lead, and copper increased by 47%, 14%, 13%, and 2% respectively year-on-year. Major mining, deep processing, and new materials companies have achieved stable production, high output, and cost-controllable momentum, and their core businesses are profitable. The level has been greatly improved.
In terms of technological innovation, in the first half of the year, China Minmetals stated that 9 patents of the group won the 22nd China Patent Awards Excellence Award, and a number of technological achievements were selected into the "Recommended Catalogue of Scientific and Technological Innovation Achievements of Central Enterprises" and the National Development and Reform Commission's "Green Technology" Promotion Catalog."
The scientific and technological achievements of "Salt Lake Raw Brine High-Efficient Lithium Extraction Technology" have reached the domestic leading level, which is of great significance to the salt lake lithium extraction industry in China and the world.
The China Metallurgical Low-Carbon Technology Research Institute was quickly established to support the development of China's metallurgical industry in intelligent, green, low-carbon, and high-efficiency metallurgy with a full-process low-carbon metallurgical technology system.
Minmetals Mining's "underground unmanned electric locomotive" and other projects have been put into operation. China Tungsten High-tech has built the industry's first automated production workshop for micro-drills, and smart mines and smart factories have officially shifted from conceptual concepts to production practices.
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