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It is worth pondering behind the decline in profit

2022-09-19

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It is worth pondering behind the decline in non-ferrous metallurgical profits

in the long run, the way to revitalize the raw material industry is to expand the market demand for end consumer goods, and how to expand this demand is worth thinking about by relevant parties. According to the data released by the Ministry of industry and information technology, last year, the main business income of non-ferrous metal enterprises above designated size was 5428.9 billion yuan, an increase of 8.8% year-on-year. However, while the business income increased, the profit declined, with the profit figure of 185.5 billion yuan, a year-on-year decrease of 6.1%. Generally speaking, the main businesses of non-ferrous metallurgical enterprises include mining, smelting and processing. The mining and processing profits were flat year-on-year, but the smelting and processing profits fell significantly, down 10.2% and 5.6% year-on-year respectively

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