tera gold lpxd total revenues $ 1.258 billion last year - FPH

Located in luoping County, Yunnan zinc (002114) price trends are Daniel unit---1 months since the 6th of 2012 the a-share market, stock has risen to 135%. But the performance is absolutely to be labeled "bear-infested, and draw investors ' attention" label. Yesterday (March 22), zinc in luoping disclosure after the 2011 annual report announced that, due to two consecutiveAnnual net profit is negative, starting from today, the company will be implementing risk delisting warning, stock abbreviation "lpxd" is changed to "*ST-zinc". Product price and cost inverted according to the annual report, lpxd total revenues $ 1.258 billion last year, increased slightly by 3.96% over the same period a year earlier, but the loss of 283 million dollars in net profit, earnings per share-$ 1.54; ROE-88.56%. Zinc in luoping 2011 called "company since its establishment and operation risk management situation, maximum tera power leveling, operating pressure up to the most severe of a year", and noted that the main reason for the decline of the company caused by multiple factors: one is non-ferrous industry market remains weak, weak demand, scale of production and sales of the company were not up to the expected secondCoal prices doubled, other raw materials compared with the past has taken a different degree rise, coupled with the company's hydroelectric power plants experience regional drought once in a blue moon, water significantly reduced capacity the lowest on record, lack of mass production of electricity can only be purchased by, company production costs increased. Eventually result in huge losses. Annual report shows that in 2011, RomaniaZinc main product sale price $ 14,130/ton zinc ingots, down 7.07%; 10740.05 Yuan/ton of lead concentrate prices, fell to 9.12%. Integrated product gross profit margin-4.76%, price and cost hung upside down. Luoping County, led to large losses on cash flow difficulties operating zinc's financial situation deteriorated. At the end of last year, the companyBook $ 45.9898 million only monetary funds and short-term loans of up to $ 654 million alone. In other words, the company has only enough cash to pay for a year of borrowing interest---financial costs of 45.3857 million Yuan last year. Zinc in luoping 2011 annual report so rare to be accountants that "corporate cash-flow difficulties, continuing operationsLarge uncertainty. "And the company Board of Directors disclosure reform measures to increase mineral resources within the County is mentioned in mergers and acquisitions, increasing raw material self-sufficiency rate and actively look for mineral resources. "By financing projects to improve self-sufficiency rate of raw materials, to reduce costs. "In the case of cash flow is very nervous, companies also lend money to an associate. Annual report, at the end of last yearAnd other receivables, $ 3.4 million to the relief should be the wholly-owned subsidiary of Yunnan, Gongshan County macro non-ferrous metals limited funds. Another $ 760,000 for Liu Fuhua tera gold, Deng Yanmei payments receivable---Liu Fuhua and Deng Yanmei holding subsidiary companies benefit-rich lead-zinc deposit of two other shareholders. Brokerage analysts pointed out that the sponsorship of two natural persons revealed on the company's financial management is notSpecial specification: "regulators have emphasized prevention occupied major shareholders and related party financial risk of listed companies. 760,000 dollars is not much, but it reflects how much problems of corporate governance, not to mention the company was very short of money. From historical experience, the strength of ST companies will collapse on the first day. "Reporter's identity to call the Office of the Board of the company to investors. WorkersFor staff, company management has been discussing how to improve the operational problems. "Small mines around luoping County, if you can buy the ore self-sufficiency is important for solving company. Although you can turn that in the first quarter of this year, but business situation is so serious tera gold, how now is hard to say for the whole year. "According to lpxd forecasts, companies in the first quarter of this yearA profit of 3 million ~800 million, citing "market prices, resulting in provision of inventory by the end of the quarter on reselling. �� Others:

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