Revenue of China Minmetals exceeded RMB 600 billion in 2019

The reporter learned from China Minmetals Group Co., Ltd. on June 6 that after the operating revenue exceeded RMB 500 billion in 2018, the revenue of China Minmetals Group increased by 13.4% year on year in 2019, breaking the RMB 600 billion mark for the first time. As the largest metal mineral group in China, the year-on-year growth rate of total profit and net profit of China's Minmetals in 2019 was 13.3% and 28.9%, respectively. At the same time, the turnover rate of total assets and current assets is increasing year by year, while the asset liability ratio is decreasing year by year. According to Guo Wenqing, general manager of China Minmetals Corporation, 2019 is the fourth year for China Minmetals Corporation and MCC group to implement "complementary restructuring". The effects of restructuring and integration continue to emerge, the scope of cooperation continues to expand, the level of collaboration continues to improve, and the scale of internal market collaboration has expanded to more than 160 billion yuan. For this year's main business market prospect, China Minmetals analysis believes that the external risk impact of the metal mineral industry is increasing, the growth of the demand side is slowing down, the growth of the supply side is limited, the production cost is rising rigidly, the industry development pressure is increasing, the periodic adjustment may continue, the market price fluctuation space is narrowed, and the strengthening of cost control will become the top priority for enterprises to build their core competitiveness. "We should resolutely shoulder the historical responsibility of maintaining and increasing the value of state-owned assets, and constantly improve the quality and competitiveness of enterprise development." Tang Fuping, chairman of China Minmetals Corporation, said that 2020 is the year when China Minmetals Corporation's "competitiveness improvement" initiative will be implemented in an all-round way, and enterprises will spread the "competitiveness improvement" initiative from headquarters to all levels.