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China Metal Resources Utilization (1636.HK) Announces 2020 Audited Annual Results


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The Coronavirus Disease 2019 (COVID-19) pneumonia epidemic has caused a major impact on the world economy in 2020, creating one of the biggest challenges after the Great Depression. The decline in industrial production across China has led to a significant reduction in the demand for basic raw materials, especially metal materials. During the year, the Company s revenue amounted to approximately RMB16.7 billion (FY2019: approximately RMB24.0 billion), representing a decrease of 30.5% compared to last year. The decrease in sales volume was principally from the decrease in trading of electrolytic copper, which was mainly due to the suspension of operation as a result of COVID-19. The Company s gross profit for the year was approximately RMB62.6 million (FY2019: gross loss of approximately RMB257.9 million). Loss for the year was approximately RMB387.2 million (FY2019: approximately RMB217.3million), representing an increase of 78.2%. The increase in loss is mainly attributab ....

Yu Jianqiu , Company Stock Code , International Monetary Fund , China Metal Resources Utilization Limited , Revenue Drops , Stock Code , Coronavirus Disease , Comprehensive Utilisation , Resources Policy , Five Year Plan , நிறுவனம் ஸ்டாக் குறியீடு , சர்வதேச பண நிதி , சீனா உலோகம் வளங்கள் பயன்பாடு வரையறுக்கப்பட்டவை , வருவாய் சொட்டுகள் , ஸ்டாக் குறியீடு , வளங்கள் பாலிஸீ , ஐந்து ஆண்டு திட்டம் ,