colored plates more anemic Mining thriving

In Ex remain profitable industry downturn after a has always been fond of the continuation of the "bonus" tradition. July 16, Mining released semi-annual report, the first half of this year, S Mining achieved operating income of 421 million yuan, an increase of 4.11% over last year; attributable to shareholders of listed companies net profit of 150 million yuan more than last year representing an increase of 0.7%; earnings per share of 0.30 yuan, total profit of 318 million yuan, the company also released a 10 yuan for every 10 shares of the dividend program, a total of about $ 500 million will be issued "red." This positive impact, Molybdenum platethe 16th morning once daily limit, although after a slight decline, but still received the red gain of 5.84%. Since last year, non-ferrous metal prices fell sharply, the overall situation into a downturn, growth performance Molybdenum tube difficult. In 2012, non-ferrous metals industry-wide revenues rose slightly 10.42%, mainly due to lower refining margins, trade and other while net profit attributable to parent company fell sharply 61.20%. Into 2013, industry-wide results for the first quarter of this year to continue up sharply 49.63%, has now entered the cyclical trough. Operating income before non-ferrous metal plate from 35 companies in 2013 mid-year report of the notice of view, the profitability of large enterprises is still not optimistic. Has released results notice in the 35 focus of the company, there are 20 released results notice, including 14 "Bad News", Yunnan Copper, Tin shares notice will appear first loss; released results of Letters show its revenue decreased 19.32%, net profit fell more sharply 77.69%. Industry analysts generally believe that the decline in revenue growth, profits fell by semi-annual report will be the non-ferrous metal industry key performance situation. It should be noted that, in international commodity prices to adjust, non-ferrous metal sales price in the context of severe decline Mining is still the main business profitability, thus highlighting valuable. GF Securities is expected Mining 2013-2015 were 0.64,0.68 and 0.69 yuan, corresponding to PE were 22.9,21.5 and 21-fold, and give the company a "buy" rating.