A-Share Listed Copper Companies - Profiles and Financial Data
Copper is widely used in fields of electric power, electronic, energy and petro-chemistry, machinery and metallurgy, transportation, light industry and emerging industries. It ranks the second in China's non-ferrous metal consumption only behind aluminum.
China has taken up an increasingly larger proportion in the world's copper consumption. In 2015, the consumption accounted for 51%, while the number was less than 25% in 2003. It’s clear that China has a huge impact on the global copper market.
By the end of 2015, the production capacity of crude copper in China reached 6.3 million tons; electrolytic copper reached 9.6 million tons; copper products reached 18 million tons. In 2016, the production volume of refined copper in China reached 8.44 million, up by 6% YOY.
According to CRI analysis, since the 1990s, due to fast economic development, rapid construction of urban infrastructure, the manufacturing center moving to China and the huge foreign capital inflow, the consumption of copper in China has been increasing rapidly. China has now become the world's largest copper consumer and its consumption mainly concentrated on electric power, household appliances, transportation, construction and electronics. Meanwhile, with the implementation of the planning for national strategic emerging industry development, copper has met new sources of demand in new-energy automobiles and new materials.
China's copper consumption has been rising fast for many years. However, due to the slow growth of the output of copper mines and decreased production of scrap copper, Chinese refined copper fails to catch up with increased consumption, forcing China to import a great number of copper products every year. For example, in 2015, China imported 9 million tons of copper, in which copper concentrate was about 13 million tons; refined copper was 3.7 million tons; and crude copper was 3.6 million tons.
In the future, there will be some highlights in the application of copper in China, such as the application in new-energy automobiles, copper tubing and the increase of investment in wind and nuclear power. According to the plans of the Chinese government, the production volume of new-energy automobiles in China will be 2 million in 2020. A new-energy automobile will bring an additional 100 kg of copper consumption. Meanwhile, some supporting facilities such as charging stations will also drive the consumption of copper. It is estimated that the consumption volume of copper will continue to rise in China from 2017 to 2021.
In this report, CRI analyzes 14 copper enterprises listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1) financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
(1) Financial Indexes
China has taken up an increasingly larger proportion in the world's copper consumption. In 2015, the consumption accounted for 51%, while the number was less than 25% in 2003. It’s clear that China has a huge impact on the global copper market.
By the end of 2015, the production capacity of crude copper in China reached 6.3 million tons; electrolytic copper reached 9.6 million tons; copper products reached 18 million tons. In 2016, the production volume of refined copper in China reached 8.44 million, up by 6% YOY.
According to CRI analysis, since the 1990s, due to fast economic development, rapid construction of urban infrastructure, the manufacturing center moving to China and the huge foreign capital inflow, the consumption of copper in China has been increasing rapidly. China has now become the world's largest copper consumer and its consumption mainly concentrated on electric power, household appliances, transportation, construction and electronics. Meanwhile, with the implementation of the planning for national strategic emerging industry development, copper has met new sources of demand in new-energy automobiles and new materials.
China's copper consumption has been rising fast for many years. However, due to the slow growth of the output of copper mines and decreased production of scrap copper, Chinese refined copper fails to catch up with increased consumption, forcing China to import a great number of copper products every year. For example, in 2015, China imported 9 million tons of copper, in which copper concentrate was about 13 million tons; refined copper was 3.7 million tons; and crude copper was 3.6 million tons.
In the future, there will be some highlights in the application of copper in China, such as the application in new-energy automobiles, copper tubing and the increase of investment in wind and nuclear power. According to the plans of the Chinese government, the production volume of new-energy automobiles in China will be 2 million in 2020. A new-energy automobile will bring an additional 100 kg of copper consumption. Meanwhile, some supporting facilities such as charging stations will also drive the consumption of copper. It is estimated that the consumption volume of copper will continue to rise in China from 2017 to 2021.
In this report, CRI analyzes 14 copper enterprises listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1) financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
(1) Financial Indexes
- Earnings per Share
- Book Value per Share (BPS)
- Sales per Share (SPS)
- Net Cash Flow per Share from Operations
- Net Cash Flow per Share (CNY)
- Return on Net Worth
- Net Profit Margin on Total Assets
- Return on Invested Capital (ROIC) (%)
- Gross Profit Margin on Sales (%)
- Net Profit Margin on Sales (%)
- EBIT Margin (%)
- EBITDA Margin (%)
- Debt to Asset Ratio (%)
- Total Asset Turnover (times)
- Cash/Operating Income Received from Sales of Goods or Services
- YOY Growth Rate of Operating Revenue (%)
- YOY Growth Rate of Operating Profit (%)
- YOY Growth Rate of Net Profit Attributable to Shareholders of Parent Company (%)
- Gross Revenue (CNY, million)
- Total Operating Costs (CNY, million)
- Revenue (CNY, million)
- Operating Profit (CNY, million)
- Total Profit (CNY, million)
- Net Profit (CNY, million)
- Net Profit Attributable to Shareholders of Parent Company (CNY, million)
- Non-recurring Items (CNY, million)
- Net Profit Deducting Non-recurring Items (CNY, million)
- R&D Costs (CNY, million)
- Earnings Before Interest and Tax (EBIT) (CNY, million)
- Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (CNY, million)
- Liquid Asset (CNY, million)
- Fixed Asset (CNY, million)
- Long-term Equity Investment
- Total Assets (CNY, million)
- Liquid Liability (CNY, million)
- Non-current Liability (CNY, million)
- Total Liability (CNY, million)
- Capital Reserve (CNY, million)
- Surplus Reserve (CNY, million)
- Undistributed Profit (CNY, million)
- Shareholders' Equity (CNY, million)
- Equity Attributable to Shareholders of Parent Company (CNY, million)
- Cash Received from Sales of Goods and Services (CNY, million)
- Cash Flow from Operations (CNY, million)
- Cash Paid to Purchase Fixed Assets, Intangible Assets and Other Long-term Assets (CNY, million)
- Cash Paid for Investments (CNY, million)
- Cash Flow from Investments (CNY, million)
- Cash Received from Investors (CNY, million)
- Cash Received from Borrowings (CNY, million)
- Cash Flow from Financing (CNY, million)
- Net Increase of Cash and Cash Equivalents (CNY, million)
- Cash and Cash Equivalents, End of Period (CNY, million)
- Depreciation and Amortization (CNY, million)
COMPANIES IN THE REPORT:
1 Sichuan Western Resources Holding Co., Ltd. (600139.SH)
2 Anhui Xinke New Materials Co., Ltd. (600255.SH)
3 Jiangxi Copper Co., Ltd. (600362.SH)
4 Pengxin International Mining Co., Ltd. (600490.SH)
5 Chengtun Mining Group Co., Ltd. (600711.SH)
6 Ningbo Boway Alloy Material Co.,Ltd. (601137.SH)
7 Western Mining Co., Ltd. (601168.SH)
8 Baiyin Nonferrous Group Co., Ltd. (601212.SH)
9 Tongling Nonferrous Metals Group Holding Co., Ltd. (000630.SZ)
10 Shenyang Hejin Holding Co., Ltd. (000633.SZ)
11 Yunnan Copper Co., Ltd. (000878.SZ)
12 Anhui Truchum Advanced Materials and Technology Co., Ltd. (002171.SZ)
13 Zhejiang Hailiang Co., Ltd. (002203.SZ)
14 Guangdong Jingyi Metal Co., Ltd. (002295.SZ)
1 Sichuan Western Resources Holding Co., Ltd. (600139.SH)
2 Anhui Xinke New Materials Co., Ltd. (600255.SH)
3 Jiangxi Copper Co., Ltd. (600362.SH)
4 Pengxin International Mining Co., Ltd. (600490.SH)
5 Chengtun Mining Group Co., Ltd. (600711.SH)
6 Ningbo Boway Alloy Material Co.,Ltd. (601137.SH)
7 Western Mining Co., Ltd. (601168.SH)
8 Baiyin Nonferrous Group Co., Ltd. (601212.SH)
9 Tongling Nonferrous Metals Group Holding Co., Ltd. (000630.SZ)
10 Shenyang Hejin Holding Co., Ltd. (000633.SZ)
11 Yunnan Copper Co., Ltd. (000878.SZ)
12 Anhui Truchum Advanced Materials and Technology Co., Ltd. (002171.SZ)
13 Zhejiang Hailiang Co., Ltd. (002203.SZ)
14 Guangdong Jingyi Metal Co., Ltd. (002295.SZ)
