Anning Co., Ltd.: Decrease in the demand for iron ore dragging down performance

Anning (002978) recently released the 2022 semi -annual report. In the first half of the year, the company achieved net profit of 656 million yuan, a year -on -year decrease of 13.94%. The company's performance declined mainly due to the decline in iron ore demand and the decline in price. The agency believes that although the demand for the impact of vanadium titanium iron concentrates and real estate has decreased, the price of raw materials falling titanium is superimposed in the fields of aerospace and other fields, and the company's related resources are expected to benefit.

Dividend in the mid -term decline in performance

The interim report shows that Anning's operating income achieved operating income of 1.076 billion yuan in the first half of the year, a year -on -year decrease of 11.45%; net profit was 656 million yuan, a year -on -year decrease of 13.94%; the net profit of deducting non -recurring profit and loss was 648 million yuan, a year -on -year decrease of 12.66% ; Basic earnings per share are 1.6369 yuan. It is worth noting that Anning also released a dividend plan, which plans to distribute a cash dividend of 6 yuan per 10 shares.

Anning shares are mainly engaged in the mining, washing and sales of vanadium titanium magnets. The main products are titanium concentration and vanadium titanium iron concentrates. At present, the company has the mining rights of the Panjia Tin Iron Mine in the large mine. In June 2022, the company also obtained 2.78%of Xichang Mining's equity through bidding. According to the data, Xichang Mining has an annual production capacity of 2.2 million tons of titanium titanium iron concentrate and 500,000 tons of titanium concentrate.

Cinda Securities Analyst Lou Yonggang said: "The company's vanadium titanium iron concentrate contains a certain amount of crickets, which is suitable for the production of high -intensity steel such as heavy rails and high -strength steel bars such as seismic and high -strength steel. The value value of titanium iron essence is better reflected. The company's 60,000 -ton energy -grade titanium (alloy) industrial chain project and the first phase of iron phosphate projects invested by the company in the first half of the year will drive the company's performance growth in the future ","

Four of the top ten shareholders "change new"

The latest shareholding of the top ten shareholders of Anning's shares shows that as of June 30, compared with the recent regular report holdings, the number of shareholders in the first half of the year changed. Essence

Among them, Luo Hongyou and Hong Kong Central Settlement Co., Ltd. (Land Stock Connect) shares have declined, and the number of reductions is 34.298 million shares and 514,500 shares, respectively. share. In addition, Zidong Investment, Xue Jianhua, Zou Yu, and Bi Xuetao are the top ten shareholders of the new entry. Their shares hold 170 million shares, 686,100 shares, 652,800 shares, and 518,500 shares.

Does Anning's plan to plan in new energy? What is the company's energy storage intervention point? Does the company have hydrogen energy technology? What data does the company believe that the price of iron ore and the prices in the main business have not continued to fall?

In this regard, the company's Securities Department stated: "Anning shares have been committed to the comprehensive utilization of vanadium titanium magnets, and there is a certain technical reserve in terms of cleansing and extraction and preparation of cymbal electrolytes. A niche product, because of its special nature of titanium -containing titanium, has formed a relatively stable supply and demand relationship in the Panxi area. Therefore, the price rising and falling is not completely consistent with the price of iron ore. According to the actual sales, in the first half of the year, in the first half of the year, the first half of the year There is no significant decline in vanadium titanium iron concentrate. "Reporter Zhang Yan

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