China’s nonferrous metals industry corporate profits fell about 45%

China Nonferrous Metals Industry Association on the 19th liberated statistics present that in 2008 China’s nonferrous metals development enterprises understood a total yield of 800 billion yuan, the matching interval last year declined about 45%.

Held on the 19th at China Nonferrous Metals Industry Association on the second of four Council, China Nonferrous Metals Industry Association said Kang Yi, China’s nonferrous metals commerce in 2008 to withstand a foremost dispute to development and a critical test. The first half of the entire, sustained a steady and fast development trend. Entered the third quarter, the worldwide economic urgent position, more and more obvious; particularly since the fourth quarter, merchandise charges, a pointed shrinkage of market demand, output turned down, some enterprises halt output, production, commerce deficiency overall.

Kang Yi cited statistics that 10 kinds of non-ferrous metal production in 2008 (preliminary statistics) was 25,190,000 tons, an increase of 6.72 percent, an increase over the previous year dropped 16.72 percentage points increase since the new century are the lowest one year. Among them, 3.78 million tons of copper production, an increase of 8%; 13.18 million tons of primary aluminum, up 4.9 percent; 3,210,000 tons of lead, up 16.3 percent; 3,910,000 tons of zinc, an increase of 5.4%.

At the identical time, non-ferrous metals in 2008 recognized a total earnings of developed enterprises declined considerably, particularly in the fourth quarter decrease of industry. Non-ferrous metals commerce in 2008 is anticipated to the major enterprise earnings of 2.1 trillion yuan, up 10%; accomplish earnings of round 165 billion yuan, a down turn of about 28 per hundred year-on-year; recognize a earnings of 800 billion yuan, year-on-year down turn of about 45%. The fourth quarter of 73 key enterprises communicate broken even after the decrease of 12.75 billion yuan, the monthly decrease was up trend.

Kang Yi, said that while last year the output and procedure of non-ferrous metals commerce came across large adversities and trials, although, enterprises reinforce self-assurance, hard abilities, a affirmative answer, a total of grams of the hard times, grab the opening to advancement in research and expertise, energy-saving emission decrease, market financing and household and foreign assets development has made amazing achievements.