topnftgamestoearnmoney| Silver hit an 11-year high! Leading stocks were investigated by dozens of institutions

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Source: Zhongxin longitude and latitude

On May 21, the main contract of Shanghai Bank Futures opened sharply, rising more than 3% to 8220 yuan / kg as of press time, up about 40% during the year. In the international market, London silver spot continued to hit an 11-year high, up more than 30% this year.

As a precious metal, silver has investment properties, and its good electrical conductivity and heat transfer make it widely used in the field of industrial manufacturing. On the 21st, V View Financial report (WeChat ID:VG-View) called Shengda Resources, Xilong Science (rights protection) and other companies about the rise in silver prices.

"Baiyin Dragon head" Shengda Resources is mainly engaged in the mining, separation and sales of non-ferrous metal ores. The main products of primary mining business are silver ingots, gold, silver-containing lead powder and silver-containing zinc powder. The company staff said that the rise in the price of silver will have a positive impact on performance while metal production remains unchanged. With regard to the supply and demand of silver, the staff member quoted the data of the World Silver Association as saying that at present, silver is in short supply, and in theory, there will not be a situation in which prices rise to curb demand; the mines where the company produces silver are associated, and the production scale is fixed and will not be overexploited.

Xilong Science is a professional manufacturer and integrated supplier of chemical reagents, the company's main raw materials include silver and so on. Xilong science staff said that the company is based on orders to purchase and sell, if the cost rises, the sales price will rise accordingly, but also according to the time of signing the contract to specific analysis.

Frequent survey of institutions

Rival A-share companies with mineral resources, the rise in the price of silver has a positive impact on their performance.

Shengda Resources has seven mining subsidiaries: Yindu Mining, Jinshan Mining, Everbright Mining, Jindu Mining, Dongsheng Mining, Honglin Mining and Deyun Mining. Among them, Dongsheng Mining has obtained a "mining license (Golden Kirin analyst) certificate" production scale of 250000 tons / year, and is currently carrying out preparatory work before mine construction; Honglin Mining has obtained a "mining license" production scale of 39.Topnftgamestoearnmoney. 600000 tons / year, mine construction work is currently under way; Deyun Mining obtained a "mining license" in February 2024, with a production scale of 900000 tons / year, and is currently carrying out preparatory work before mine construction.

Shengda Resources Mine produces lead metal 13462 in 2023.Topnftgamestoearnmoney.38 tons, zinc metal 24825.30 tons, silver metal 145.09 tons, gold metal 148.02 kilograms.

In the past month, Shengda Resources disclosed three institutional research announcements, and dozens of institutions, including Changjiang Securities, Guangfa Securities, Tianfeng Securities, Guotai Junan, Zijin Mining Investment, and Shenzhen Qiantu Investment, appeared on the list of participants.

With regard to the business plan for 2024, Shengda Resources mentioned that it will actively promote the integration of the exploration rights of Bayern Daba silver polymetallic deposit and the mining right of Bayern Daba silver polymetallic deposit in Keshikten Banner of Yindu Mining Industry, as well as the deep exploration work, increase the exploitable reserves of Yindu Mining Industry and extend the service life of the mine. We will actively promote mergers and acquisitions of high-quality precious metal primary mineral resources projects such as silver and gold, and strive to complete a merger and acquisition project within this year.

In the secondary market, Shengda Resources launched in February, and its share price has risen from about 7 yuan to about 15 yuan, which has doubled during the year.

Yunnan Copper's main business covers copper exploration, mining, smelting, extraction and processing of precious and scattered metals, sulfur chemical industry and trade, and is an important production base of copper, gold, silver and sulfur chemical industry in China. In 2023, the company produced 1.3801 million tons of cathode copper, 16.20 tons of gold, 737.53 tons of silver, 5.1645 million tons of sulfuric acid and 63700 tons of copper in concentrate, of which the output of cathode copper and silver reached a new high.

Since May, Minsheng Securities, China International Capital Corporation, CITIC Construction Investment, CITIC Securities, China Merchants Securities, Haitong Securities, Southwest Securities, Great Wall Fund and other institutions have conducted intensive research on Yunnan copper industry.

In the secondary market, Yunnan Copper rose sharply in February 2024, with its share price rising from a low of 9.2 yuan to more than 15 yuan, a range of about 60%.

A review of "V View Financial report" found that A-share companies involved in silver and other metals also included Northern Copper, which handled 9.24 million tons of ore in 2023, 43200 tons of copper concentrate, 134400 tons of cathode copper, 550700 tons of sulfuric acid, 2.22 tons of gold ingots and 26.39 tons of silver ingots.

Yuguang gold and lead is mainly engaged in lead and copper smelting, producing electrolytic lead and cathode copper, and comprehensively recovering valuable metals and elements such as gold, silver, zinc, sulfuric acid and so on. In 2023, there were 553845.77 tons of lead products, 153394.12 tons of cathode copper, 11721.85 kilograms of gold and 1531.81 tons of silver.

Hunan silver business is mainly silver smelting and deep processing, the main products are silver, electric lead, gold and other comprehensive recovery products. In 2023, 592.99 tons of electric silver were produced, an increase of 106.58 percent over the same period last year; 68318.35 tons of lead was produced, down 15.14 percent from the same period last year; and 1979.99 kilograms of gold was produced, an increase of 92.67 percent over the same period last year.

Xingye silver tin main business is non-ferrous metals and precious metals mining and smelting, the main products are silver, tin, zinc, lead, iron, copper, antimony, gold and other non-ferrous metals and precious metals. The company (Golden Kirin analyst) has nine mining subsidiaries, of which Rongguan Mining is the leading enterprise, and Yinman Mining is one of the largest silver production mines in China.

Cost end bearing pressure

For some A-share companies, metals such as silver are one of the raw materials they produce, and rising prices put pressure on the cost side.

Zhengtai Electric Appliance is a leading enterprise in domestic low-voltage electrical appliances and new energy industry, including distribution appliances, terminal appliances, control appliances, instruments, inverters and energy storage, photovoltaic power station project contracting and so on.

According to the 2023 annual report of Zhengtai Electric, the raw material cost of the company's low-voltage electrical appliances reached 12.48 billion yuan, accounting for 86.12% of the cost, and the rest of the labor and expenses accounted for 7.89% and 5.99%, respectively.

The company also mentioned that the main raw materials needed for the production of low-voltage electrical appliances, such as copper, silver, steel and plastics, account for a high proportion of the total cost of products, and the fluctuation of raw material prices overlaps unfavorable factors such as rising transportation costs. it may affect the company's main business costs and profitability.

In terms of countermeasures, on the evening of April 29, Zhengtai Electric Appliance announced that in order to avoid the risk of price fluctuations of bulk raw materials, the company plans to carry out hedging business for commodities such as electrolytic copper and silver through domestic exchanges, with a trading quota of no more than 300 million yuan.

Xilong Science is mainly engaged in the research and development, production and sales of chemical reagents, production and sales of APIs and food additives, and trade in some chemical raw materials. In 2023, silver purchases of Xilong Science's main raw materials accounted for 35.59% of the total procurement, with an average price of 4696.63 yuan / kg in the first half of the year and 5100.56 yuan / kg in the second half of the year.

By comparison, the current Shanghai silver futures price has risen to more than 8200 yuan / kg. In terms of impact, Xilong scientific staff told the "V View Financial report" that it was necessary to make a specific analysis according to the time when the contract was signed.

Foda alloy is mainly engaged in electrical contact materials, covering three types of products: contact materials, laminated contacts and contact components. The raw materials purchased by the company are mainly silver and copper, and the upstream suppliers are mainly large-scale production or trading enterprises of non-ferrous metals.

In terms of risk, the company mentioned that the main raw material needed for products is silver. Because silver has the dual attributes of industrial products and financial products, its price is easily affected by the international political and economic situation and macroeconomic policies. If the silver price fluctuates continuously or sharply in the short term, due to the lag of the risk transmission mechanism of the silver price fluctuation, the silver price fluctuation will have a great impact on the company's profitability.

In response, Foda alloy implements multi-batch and small-batch procurement according to production plan and inventory status to reduce the adverse impact of price fluctuations of silver and other raw materials on the company's operation.

It is worth mentioning that silver price fluctuations may have a certain impact on the performance of A-share listed companies.

A stone creates a fair value change income of-988800 yuan in the first quarter of 2024, which the company said was mainly caused by silver leasing. The transactional financial liability of satellite chemical increased to 1.384 billion yuan, an increase of 107.85% over the end of last year, which the company said was mainly due to the increase in leased silver measured at fair value in the current period.

On the silver demand side, Minsheng Securities mentioned that silver demand is mainly divided into industry, investment, jewelry and silverware, of which industrial demand accounts for about 55%, investment demand accounts for 20%, and jewelry demand accounts for 17%. The application demand of silver in photovoltaic industry has increased rapidly in recent years, accounting for 20.7% of the demand for photovoltaic silver in 2023. Due to the shortage of supply, SHFE silver inventory has dropped by about 73% from the high point in 2021.

With regard to the sharp rise in silver prices, CITIC Construction Investment Futures Research News believes that at the current stage, most of the irrational elements in the market, so the uncertainty of the market will be significantly enhanced.

Hualong Futures Research News believes that silver maintains a medium-and long-term bullish view. Silver is strong in the short term. Recently, silver has been pulled up sharply without the stimulation of fundamental news, but there are usually many corrections after this inexplicable short-term pull, and the holdings of SLV funds do not support its price to continue to rise, so investors must be cautious when chasing higher.

(the point of view in this article is for reference only and does not constitute investment advice. Investment is risky and it is necessary to be cautious in entering the market. )

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