Zhenghai Magnetic Material's net profits substantially down YOY in first 3 quarters of 2017
2017-10-12 15:36:50 [Print]
According to the financial results forecast released by Zhenghai Magnetic Material on October 11th, its net profits attributable share holders of listed company were expected to be between RMB0.00 and RMB5.6146 million in first 9 months of 2017 with the changing range of between -100.00% and -95.00% on year-on-year basis; the increased rate of net profits of new material industry was 35.08% on average.
The company noted that affected by the decrease for newly-added capacity for wind and power integration in China and the cooperation with customers from wind and power industry in developing new products, its sales and selling income of high-performance NbFeB permanent magnet material business from the wind and powder industry declined on year-on-year basis.
The company noted that affected by the decrease for newly-added capacity for wind and power integration in China and the cooperation with customers from wind and power industry in developing new products, its sales and selling income of high-performance NbFeB permanent magnet material business from the wind and powder industry declined on year-on-year basis.
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