Yunhai Special Metals' operating income increases rapidly in H1 2017
2017-08-01 17:10:58 [Print]
Yunhai Special Metals released Semi-annual Report on 28 July. During the reporting period, the company achieved operating income of RMB2.345 billion, an increase of 32.54% YOY; and net profit attributable to the parent company of RMB95 million, an increase of 36.85% YOY.
The sale volume of magnesium, aluminum alloys and other products increased to some extent; the company received government subsidies and litigation; non-recurring gains and losses increased. All these above were main factors of revenue and profit growth of the company. The company's performance was in line with expectations in previous Performance Forecast.
In addition, the company expects to realize net profit of RMB120-160 million attributable to shareholders of listed companies in the first nine months of 2017, up by 2.41%-36.54% YOY.
The sale volume of magnesium, aluminum alloys and other products increased to some extent; the company received government subsidies and litigation; non-recurring gains and losses increased. All these above were main factors of revenue and profit growth of the company. The company's performance was in line with expectations in previous Performance Forecast.
In addition, the company expects to realize net profit of RMB120-160 million attributable to shareholders of listed companies in the first nine months of 2017, up by 2.41%-36.54% YOY.
Magnesium Powder 99.9%min FOB China
Unit:USD/mt
China magnesium powder producers' output statistics by province by month
Unit: mt
