Company Profile For Sichuan Hongda Co., Ltd.

Sichuan Hongda Co., Ltd. (600331.SS) (Shanghai Stock Exchange)

sector: Basic Materials · industry: Mining & Metals - Specialty ·

As of 10:58am IST

19.94CNY

Price Change

+0.27

Percent Change

+1.37%

Analyst Recommendations

Overview

Sichuan Hongda Co., Ltd is principally engaged in chemical, metallurgical and mineral industries. The Company's major offerings include zinc ingots, monoammonium phosphate and zinc oxide ores, among others. During the year ended December 31, 2008, the Company produced approximately 177,024 metric tons of zinc ingots, 624,211 metric tons of zinc oxide ores, 47,008 metric tons of zinc-sulphide concentrate, 13,547 metric tons of lead-sulphide concentrate, 174,129 metric tons of monoammonium phosphate, 47,810 metric tons of calcium hydrogen phosphate, 15,390 metric tons of compound fertilizers, 146,847 metric tons of ammonium bicarbonate and 36,364 metric tons of ammonia. As of December 31, 2008, the Company had nine major subsidiaries and associates. The Company operates its businesses mainly in domestic markets.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Sichuan Hongda Company Limited's total revenues decreased 8% to RMB2.95B. Net income totaled RMB145.9M, up from RMB25.4M. Total revenues reflect a decrease of sales volume due to weaker market demand. Net income benefited from lower business tax, general and administrative expense, the presence of reversal of impairment loss, as well as higher non-operating income.