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Hailiang release 2019 annual performance report with the net profit attributable to the parent company exceeds 1 billion RMB for the first time
2020-03-04

On Feb.28th, 2020, Hailiang publicly released 2019 Annual Performance Report: in 2019, the sales volume of non-ferrous metal processing materials such as copper and copper alloy were 757,500 tons with an increase of 8.95% over the same period of last year; the net profit attributable to shareholders of the listed company was 1,061,128,300 RMB with an increase of an increase of 16.76% over the same period of last year.

2019 is destined to be an unforgettable year for China’s manufacture enterprises. In this year, global economic trend is complicated and various, global manufacture industry index was high at first but low in the end, the increasing speed gradually slowed down, downward trend almost continued in the second half; in this year, Sino-US trade frictions continued to escalate, facing larger downward pressure, realistic issues of domestic economic development such as structural contradiction prominence, increase of real economic difficulties, etc.; in this year, the demand of China's consumer market weakened, the demand of air conditioning and refrigeration industry, automobile industry and other markets continued to be depressed, from "high growth" to "micro growth", even "negative growth", and the industry competition increased continuously.

However, it is also in this year, with the unified cooperation and common effort of the whole team, Hailiang has realized 757,500 tons of sales volume of non-ferrous metal processing materials such as copper and copper alloy, 41 billion RMB of total operating income and 1.061 billion RMB of net profit attributable to shareholders of the listed company. For the first time, the sales volume of copper processing material for Hailiang breakthrough 700,000 tons, the net profit attributable to the parent company exceeded 1 billion RMB. 12 years has passed after its listing, the annual compound growth rate of sales volume of copper processing material and the net profit attributable to shareholders of the listed company reached 15.99% and 16.26% respectively.

In this year, facing the complex and changeable micro environment and increasing market competition, the company has taken full advantage of technology, equipment, scale and management, expanded global market positively and completed global layout of production bases; meanwhile, the company has accelerated upgrade of intelligent and efficient production line, further improved industry competitiveness of the company, continued to lead global industry development.