Shenji Titanium achieves operating income of RMB100 million in 2016 with net profit of RMB7.01 million
2017-04-12 17:27:18 [Print]
According to the 2016 annual report released by Shenji Titanium (838653) recently, by 31 December, 2016, the company achieved the operating income of RMB103 million, up by 1.09% YOY; the net profit attributable to shareholders of listed companies was RMB7.0092 million, up by 3.85% YOY.
During the report period, the company’s selling expenses increased by RMB379,900 or 51.57% YOY, as the company actively expanded the overseas selling markets, which lifted the publicity investment in overseas titanium exhibitions and significantly promoted the publicity strength of the international popularity of its products.
Shenji Titanium’s 2016 annual operating income increased by RMB229,600 or 114.73% YOY, as the company actively strived for policy subsidy from the local government and obtained various awards from the government.
The company focuses on R&D, production and sales of titanium and titanium-alloy.
During the report period, the company’s selling expenses increased by RMB379,900 or 51.57% YOY, as the company actively expanded the overseas selling markets, which lifted the publicity investment in overseas titanium exhibitions and significantly promoted the publicity strength of the international popularity of its products.
Shenji Titanium’s 2016 annual operating income increased by RMB229,600 or 114.73% YOY, as the company actively strived for policy subsidy from the local government and obtained various awards from the government.
The company focuses on R&D, production and sales of titanium and titanium-alloy.
Titanium Pipe TA2 25.4x1mm EXW China
Unit:RMB/kg
China's titanium sponge producers' sales to production ratio statistics by province by month
Unit: %
