Times of an ancient name for China (Chinatimes.net.cn) reporter Ge Aifeng
Zhengzhou of trainee king Xin reports
Newest data shows national statistic bureau, this year first quarter, mining industry increases a value to grow 2.2% compared to the same period. March, mining industry increases a value to grow 4.6% compared to the same period, add fast relatively 1-2 month accelerates 4.3 percent.
When it is good that mining industry grows one direction, mining industry " tycoon " Inc. of group of trade of molybdenum of Luoyang Luan Chuan (Luoyang molybdenum line of business, 603993.SH, 03993.HK) , data of newest exposure outstanding achievement shows, its net profit and cash flow however in pairs drops greatly experience outstanding achievement " shrink " . In recent years of high specified number assure external reach subsidiary to involve an environment to pollute a problem, or make its betrayed more secret worry, its get on share price to drop in field of A stock market inside a year exceed 5 to become.
Shrink of outstanding achievement large proportion
Luoyang molybdenum line of business held water 1998, appeared on the market in Hong Kong 2007, was in 2012 A appear on the market, belong to industry of nonferrous metal mining, basically be engaged in the mining industry such as copper, molybdenum, tungsten, cobaltic, niobium, phosphor collect anthology, the business such as smelt, deep treatment, own relatively complete unifinication industry chain. According to brief introduction of company official net, luoyang molybdenum line of business is business of production of before the whole world 5 big molybdenum and the biggest tungsten production business, the copper with business of production of the 2nd big cobalt, niobium and banner whole world produces the whole world business, also be Brazilian churchyard at the same time the 2nd big phosphate fertilizer produces business.
On April 30, luoyang molybdenum line of business was released 2019 report first quarter, outstanding achievement considerably " shrink " . Up to the report period end, company total assets one hundred and four billion two hundred and ninety-one million yuan, relatively on year end grows 3.04% ; Attributive appear on the market company shareholder net assets forty billion seven hundred and sixty-five million yuan, relatively on year end decreases 0.45% . Inside report period, company business income is 4.478 billion yuan, relatively on year the corresponding period decreases compared to the same period 39.75% ; Net profit 322 million yuan, decrease compared to the same period 79.2% ; Unless,buckle regular the net profit of increase and decrease 148 million yuan, decrease compared to the same period 90.48% .
Besides net profit considerably cut, the cash of Luoyang molybdenum line of business flows to also drop considerably. The cash flow net specified number that mobile generation runs inside report period is 476 million yuan, relatively on year the corresponding period decreases 81.48% . The company call main reason this period value of main product copper, cobaltic market falls compared to the same period, and pay each duty to expend amount to increase compared to the same period.
Luoyang molybdenum line of business 2019 increase advantageous position first quarter yield of average only capital fund is 0.79% , relatively go up year of the corresponding period 4.02% reduce 3.23 percent; Basic every accrual is 0.015 yuan / , relatively on year end 0.072 yuan / decrease 79.17% .
To outstanding achievement considerably the main reason of shrink, the explanation in one quarterly reports weighs Luoyang molybdenum line of business, value of cobaltic market of product of main metal of the company inside report period appears to drop substantially compared to the same period, product value also has copper to fall certainly, it is the main reason that causes the company inside report period to manage outstanding achievement to drop. Although cobaltic price from March 2019 the last ten-day of a month, cupreous product from Feburary 2019 the middle ten days of a month all appears to pick up apparently, but predict to come fall to report period end copper, cobaltic product is average market price case relatively go up photograph comparing still has year of the corresponding period relatively drop substantially, the company comes below one report period profit of net putting in a mother 's charge still can appear compared to the same period certain extent drops.
Assure external amount is as high as 26.6 billion
Luoyang molybdenum line of business in recent years particularly conspicuous is, its are in 2012 A after appearing on the market, open mad abroad buy pattern, through a series of with great quantity abroad buy become tycoon of international mining industry very quickly. Be in however and buy while the wheel is advanced ceaselessly, its assure external amount tall look forward to also exposed more risk.
According to " times of an ancient name for China " reporter statistic, luoyang molybdenum line of business finished Australian Northparks copper mine 2013 of 80% equity buy; Completed professional work of Brazilian niobium mine, phosphorite 2016 buy and Congo (gold) of mining area of cobalt of Tenke Fungurume copper buy, came true to reach the world from bibcock of domestic molybdenum tungsten the change of mining industry tycoon. Two of 2016 are bought trade total amount is as high as 27 billion RMB.
In January 2019, luoyang molybdenum line of business announces to move once more. Afterwards buys afore-mentioned Congo (gold) cobaltic mining area of Tenke Fungurume copper 56% equity two years many hind, luoyang molybdenum line of business plans to pass CMOC Limited (next weighing " molybdenum of the name of a river in Shaanxi and Henan provinces accuses " ) from BHR Newwood Investment Management Limited (next weighing " BHR " ) place buy its place to hold BHR Newwood DRC Holdings Ltd (next weighing " BHR DRC " ) the share of 100% , obtain BHR to hold some Tenke Fungurume Mining S.A secondhand through BHR DRC thereby. (next weighing " TFM " ) the rights and interests of 24% , further control TFM in all the equity of 80% , TFM has Tenke Fungurume mining area. Trade this to be 1.136 billion dollar to valence, add up to 7.7 billion RMB about.
Current, of Luoyang molybdenum line of business buy a wheel still advancing. On April 27, luoyang molybdenum line of business announces major asset to buy transaction (draft) , during molybdenum of the name of a river in Shaanxi and Henan provinces accuses a group that will increase bid with 495 million dollar, net income serves as pair of price, from New Silk Road Commodities Limited (next weighing " NSR " ) be in the New Silk Road Commodities SA that buys its hold (next weighing " NSRC " ) the equity of 100% , carry the equity of IXM B.V.100% of NSRC indirect hold thereby.
Luoyang molybdenum line of business released on March 11 assure about be wholy-owned subsidiary to offer announcement says, advance smoothly what buy matters concerned to ensure the company is abroad, the business outside stimulative condition grows, wholy-owned subsidiary CMOC BHR Limited drafts company indirect pilot to apply for the loan that amount does not exceed 700 million dollars for capital or other equivalence money plants to the bank outside churchyard or condition. Should requirement of relevant loan bank, the bank loan that Luoyang molybdenum line of business will apply for for CMOC BHR Limited offers joint liability to assure, assure the sun that deadline is debt be assuringed to walk on at the expiration of one's term of office of date of departure rises two years. Molybdenum of the name of a river in Shaanxi and Henan provinces accuses company wholy-owned subsidiary the equity of a hold CMOC BHR Limited 100% .
Deliver the day of cloth up to afore-mentioned announcement, press the exchange rate that Chinese people bank announced on March 11, 2019 the price intermediate, luoyang molybdenum line of business assures external amount is a RMB twenty-six billion six hundred and twenty-two million yuan (do not include this second authorization) , take a company latest issue of 57.99% of classics audit net assets, among them the company is direct or indirect pilot wholy-owned reach accuse share company to offer assure amount is twenty-one billion nine hundred and eighteen million yuan, take a company latest issue of 47.74% of classics audit net assets.
When professional personage accepts a reporter to interview related, express, to appearing on the market for the company, offer for other company assure have a risk, once assure,the black hole appears, the harm interest that is enterprise and bank only not just. Who is no matter assure,the elephant to, aptitude how, assure the proportion that amount holds company net assets is unfavorable more than 50% .
Subsidiary ranks pollution " black a list of names posted up "
Notable is, luoyang molybdenum line of business alleges the way that green can develop continuously while, its subsidiary ranks zoology environment to sign up for superintend and director to check contaminative black a list of names posted up however.
Li Chaochun of delegate of legal person of Luoyang molybdenum industry, president is at a problem that ever published in April 2018 " scan widely whole world, the company that makes respect getting a person " express in the article, luoyang molybdenum line of business is in respect of safe environmental protection, carry out a country strictly top level, "Want golden hill silver-colored hill already, more want green water green hill " concept development popular feeling, walked out of an enterprise, society, environment successfully the way that the green of various and harmonious win-win can develop continuously, be judged to be mine of national level green by ministry of land natural resources pilot enterprise.
On December 11, 2018, website of zoology environment ministry releases a bulletin to say, superintend and director checks discovery, industrial business moves dust of establishment of air pollution prevention and cure, industry to be discharged without the organization out of order, stock storage yard did not fulfil Yang Chen to administer the problem such as measure to be highlighted most. In discharging dust to enter atmosphere without the organization, form PM2.5 fine grained content and Yang Chen, cause dust pollution, influence environment and people are healthy.
" times of an ancient name for China " the reporter supervises the discovery in environmental problem summary table in the aggrandizement of afore-mentioned bulletins, limited company of data of metal of group of Luoyang molybdenum trade (next weighing " Luoyang metal " ) discharge without the organization because of industrial dust, the 29th when appear in problem list. Luoyang metal held water on December 27, 2007, it is standard of Luoyang molybdenum industry leaves wholy-owned subsidiary.
On March 29, luoyang molybdenum line of business releases environment, society and control report to show, PM discharged the company 2018 gross 7.7 kiloton, NOX discharges gross 1.9 kiloton, SOX discharges gross 3.5 kiloton.
Besides the hidden trouble of environmental respect, luoyang molybdenum line of business legal lawsuit dispute is ceaseless in recent years. Check according to look forward to check information to show, the company involves legal lawsuit to include dispute of controversy of issue of liability of accident of traffic of business contract dispute, tort liability issue, motor vehicle, laborer to wait.
Come nearly one many year, luoyang molybdenum line of business goes low considerably in the share price on field of A stock market, by on March 23, 2018 closing quotation price 8.24 yuan / , lowest drops to on October 19, 2018 closing quotation price 3.65 yuan / , drop 55.7% . Up to on May 16, 2019, share price of Luoyang molybdenum property with 4.05 yuan / closing quotation.
To outstanding achievement of Luoyang molybdenum line of business, assure external the pertinent question such as risk control, environmental protection, " times of an ancient name for China " the reporter interviews outline communication to check to hair of Luoyang molybdenum line of business, but up to distribute news dispatches to did not get this company's formal character answer.
