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
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.
. 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.