1.The bull market of rare earth plate started at the end of June, which reflects the joint efforts of rare earth and Minmetals in the north. The driving effect of the rare earth in the north of Shuanglongtou is more obvious, and the rare earth in Minmetals sometimes seems to play by itself. Comparing the price indices of light rare earth praseodymium neodymium oxide and heavy rare earth dysprosium terbium oxide, it can be clearly seen that the main rising wave of rare earth commodities appeared in the second half of last year, and fell back in February this year. After June, the trend after sideways consolidation combined with disk surface is more like an increase in valuation.
2. The strength of rare earth in the north is understandable. No matter from which angle, the northern rare earth is a banner of China's rare earth industry. But why is Minmetals rare earth so strong? Looking at the mining and smelting indicators given by the Ministry of Industry and Information Technology over the years, it is basically similar to Guangdong rare earth. My understanding is that among the six major rare earth groups in China, South Rare Earth and China Rare Earth are not listed, North Rare Earth is a state-owned enterprise in Inner Mongolia, Guangsheng Nonferrous Metals and Xiamen Tungsten Industry are state-owned enterprises in Guangdong and Fujian, and their radiation scope is mainly in the province. Perhaps only Minmetals Rare Earth has the opportunity to expand to neighboring provinces with the support of central enterprises.
3. As for the downturn of Guangsheng Nonferrous Metals, as I said before, the possible reason is that Guohua Life Insurance reduced its holdings or raised funds. According to the work plan of Guangsheng Nonferrous Metals Co., Ltd. 202 1 in the first half of the year, Chairman Wu mentioned to ensure the smooth completion of the non-public offering, and President Liu mentioned to make every effort to ensure the smooth completion of the non-public offering. The revised draft of the non-public offering plan was released only two days before August 19, which is the most convenient to ensure that the fixed increase will be completed in the remaining months of this year. I guess this is the company's idea now.
4. The performance of Guangsheng Nonferrous Metals Co., Ltd. in recent two years is not satisfactory. Although the income from key trade business increased from 2.4 billion in 20 18 to 4.5 billion in 2010/0/020 in the past two years, the income in the first quarter of this year increased by 70% year-on-year. Needless to say, it is also dominated by trade. Actually, I don't understand either The 2020 annual report revealed that the gross profit margin of 9 billion commercial businesses was only 1.48%. If calculated by net profit, it is obvious that you can't make money even if you don't lose money. The purpose of the company's enthusiastic expansion of business scale is estimated to support Guangsheng Group to enter the world's top 500 in the future, rather than mainly considering the interests of shareholders.