Zhengzhou coal power staged Earth Sky board before four consecutive trading days limit

category:Finance
 Zhengzhou coal power staged Earth Sky board before four consecutive trading days limit


In April 2020, in order to solve the problem of horizontal competition with major shareholders, Zhengzhou coal power purchased 40% equity of Fusheng aluminum held by Zhengmei group in cash, with the transfer price of 469.1017 million yuan. At present, the transaction has not been completed, but according to the companys disclosure, the company has paid the transaction price according to the agreement, and the target company is going through the procedures such as industrial and commercial changes. For the prospect of alumina industry, Zhengzhou coal power is optimistic. According to the companys announcement, it is estimated that the long-term growth rate of alumina demand will be maintained at about 5%, and the annual demand for alumina will increase by 4-6 million tons. It is estimated that the worlds alumina consumption will reach 142 million tons by 2022. It is disclosed that Fusheng aluminum industry will produce 1.0226 million tons of aluminum oxide powder in 2019, with sales volume of 1.0103 million tons, sales revenue of 2.384 billion yuan and net profit of 36.4162 million yuan. In addition, Chaohua Coal Mine, which belongs to the company, has been shut down for rectification due to mechanical and electrical accidents. At present, it has resumed work and production, and the production order has returned to normal. Source: Securities Times editor in charge: Yang Bin_ NF4368

In April 2020, in order to solve the problem of horizontal competition with major shareholders, Zhengzhou coal power purchased 40% equity of Fusheng aluminum held by Zhengmei group in cash, with the transfer price of 469.1017 million yuan. At present, the transaction has not been completed, but according to the companys disclosure, the company has paid the transaction price according to the agreement, and the target company is going through the procedures such as industrial and commercial changes.

For the prospect of alumina industry, Zhengzhou coal power is optimistic. According to the companys announcement, it is estimated that the long-term growth rate of alumina demand will be maintained at about 5%, and the annual demand for alumina will increase by 4-6 million tons. It is estimated that the worlds alumina consumption will reach 142 million tons by 2022.