In The First Half,A Significant Rise in The Performance of Tongling Nonferrous

Tongling Nonferrous released its semiannual report indicating that the Company realized operating income of RMB 68.155 billion,up by 53.35% on a YOY basis;net profit being RMB 1.321 billion,up by 251.65% on a YOY basis;basic earnings per share being RMB 0.13.In report period,the Company’s trade income increased by 221.43% compared to the previous period,mainly because of the increase in trade income of Shanghai International Trade,its subsidiary company,from Jintong Copper.Other business income went up by 353.68%compared to the previous period,mainly because of a big rise in income from waste materials of Jinxiang Materials,its subsidiary company.There was a rise of 59.56% in copper products income compared to the previous period,mainly because of increasing copper price.There was respectively a rise of 35.86%,55% and 45.77% in non-trade income,Eastern China and other regions,mainly because of increasing price of copper and by-products.

It is stated in the report that the Company is a principal cathode copper manufacturer and the biggest copper foil manufacturer in China,with profound technical skill experience in copper mine dressing,copper smelting and copper foil processing.In 2020,the Company produced 1422000 tons of cathode copper,accounting for 14.18% of total domestic output and making it a leading manufacturer in domestic market;capacity of copper foil is 45000 tons,and it realizes mass production of 5G-oriented RTF copper foil and 6-micrometer lithium electricity foil,working as a principal supplier for leading companies in the industry.In the first half of 2021,Tongguan Copper Foil started its 20000-ton/year high precision storage ultrathin electronic copper foil project (phase 2).Once the project is put into operation,the Company will be equipped with the capacity of 55000 tons/year for all types of high precision electricity foil.