Oriental Carbon's net profits up by about 20% YOY in H1 2017
2017-07-28 17:58:12 [Print]
Oriental Carbon announced on July 26th that its financial performance went up substantially YOY in the first half of 2017
Compared with Oriental Carbon, the financial performance of Fangda Carbon which also operated graphite material will probably increase by about 2,647% YOY in the first half of 2017.
The financial performance improvement of Fangda Carbon in the first 6 months of 2017 was caused by rapidly increased prices for graphite electrode, its major products which are used in electric furnaces to smelt steel.
Oriental Carbon also does business of graphite material, but its final products are much different from those of Fangda Carbon. In accordance with the financial report of 2016, Oriental Carbon is a company integrated with production and sales of special graphite products, lithium material anode and cathode material as well as the research and application of grapheme.
. In particular, its operating incomes were RMB80-85 million during this period, up by 20 . 15%-27 . 66% YOY; its net profits were RMB12 . 50-13 million during this period, up by 20 . 81%-25 . 64% YOY. Compared with Oriental Carbon, the financial performance of Fangda Carbon which also operated graphite material will probably increase by about 2,647% YOY in the first half of 2017.
The financial performance improvement of Fangda Carbon in the first 6 months of 2017 was caused by rapidly increased prices for graphite electrode, its major products which are used in electric furnaces to smelt steel.
Oriental Carbon also does business of graphite material, but its final products are much different from those of Fangda Carbon. In accordance with the financial report of 2016, Oriental Carbon is a company integrated with production and sales of special graphite products, lithium material anode and cathode material as well as the research and application of grapheme.