Baiyin Nonferrous(SH:601212) Zheng Quan Ri Bao·2025-10-29 07:41Core Viewpoint - Baiyin Nonferrous Group Co., Ltd. has reported a significant recovery in its main business for Q3 2023, with substantial increases in revenue and profit driven by rising metal prices and expanded production capacity [2][3]. Financial Performance - For the first three quarters of the year, the company achieved a revenue of 72.643 billion yuan, a year-on-year increase of 5.21%. In Q3 alone, revenue reached 28.084 billion yuan, marking a substantial growth of 70.72% year-on-year [2]. - The total profit for the first three quarters was 983 million yuan, reflecting a year-on-year growth of 30.14%. In Q3, profit soared to 550 million yuan, with an impressive year-on-year increase of 1018.02% [2]. Production and Sales - The total output of the three main metals (copper, zinc, lead) reached 612,000 tons in the first three quarters, a year-on-year increase of 4.78%. Specifically, cathode copper production was 296,100 tons (up 7.93%), refined zinc production was 296,300 tons (up 0.39%), and refined lead production was 19,600 tons (up 34.27%) [2]. - The precious metals segment showed remarkable growth, with gold production at 1.91 tons (up 56%) and silver production at 435.62 tons (up 20.37%) [2]. Sales Performance - The sales volume of copper, zinc, and lead (excluding trade) reached 579,300 tons in the first three quarters. Copper sales were 290,000 tons (up 2.26%), zinc sales were 270,000 tons (up 22.56%), and lead sales were 19,300 tons (up 33.10%) [3]. - Gold sales exceeded 19.03 tons, a staggering increase of 102.73% year-on-year, while silver sales reached 419.1 tons (up 21.69%) [3]. Business Overview - Baiyin Nonferrous's main business includes the exploration, mining, selection, smelting, processing, and trading of various nonferrous and precious metals, covering a full industry chain both domestically and internationally [3]. - The company holds significant metal reserves, with domestic mines containing 7.8148 million tons of copper, lead, and zinc, and 12.42 tons of gold. Its overseas subsidiary, First Gold Group, has approximately 799.89 tons of gold resources [3]. Strategic Initiatives - In addition to strengthening its traditional business, Baiyin Nonferrous is actively expanding into new materials and renewable energy sectors, enhancing its growth potential [4]. - The company has established production capacities for fine electromagnetic wire (20,000 tons) and high-end electrolytic copper foil (70,000 tons) through its subsidiaries [4]. - The production of lithium iron phosphate (LMFP) cathode materials and nano zinc oxide is also underway, with projects expected to contribute to future growth [4].