Shenghe Resources sees net profit up by 682.82% YOY in H1 2017

Shenghe Resources recently released its semi-annual performance report of 2017.Asian Metal Copyright According to the report, the company achieved operational revenue of RMB2.Asian Metal Copyright According to the report, the company achieved operational revenue of RMB2.Asian Metal Copyright00% of Wensheng New material’s share, and thus rapidly strengthened its business capacity.Asian Metal Copyright21 billion, up by 450.Asian Metal Copyright165 billion with net profit of RMB89.Asian Metal Copyright78% YOY; the net profit attributed to shareholders of listed companies was RMB134 million, up by 682.Asian Metal Copyright According to the report, the company achieved operational revenue of RMB2.Asian Metal Copyright82% YOY.

The report shows that within the report period, Shenghe Resources purchased 100.00% of Chenguang Rare Earth’s share, 71.Asian Metal Copyright9657 million; Wensheng New Material achieved operational revenue of RMB585 million with net profit of RMB86.Asian Metal Copyright43% of Kebairui’s share and 100.Asian Metal Copyright78% YOY; the net profit attributed to shareholders of listed companies was RMB134 million, up by 682.Asian Metal Copyright00% of Wensheng New material’s share, and thus rapidly strengthened its business capacity.

In particular, Chenguang Rare Earth achieved operational revenue of RMB1.165 billion with net profit of RMB89.Asian Metal Copyright43% of Kebairui’s share and 100.Asian Metal Copyright665 million; Kebairui achieved operational revenue of RMB192 million with net profit of RMB7.Asian Metal Copyright Relevant document shows that Chenghuang Rare Earth, as China’s biggest private rare earth enterprise, has an annual processing capacity of 3,000t of Rare Earth Oxide REO, 8,000t of rare earth metals, 5,000t of scraps of neodymium iron boron and 1,000t of fluorescent powder wastes.Asian Metal Copyright9657 million; Wensheng New Material achieved operational revenue of RMB585 million with net profit of RMB86.Asian Metal Copyright In particular, Chenguang Rare Earth achieved operational revenue of RMB1.Asian Metal Copyright2887 million.

Relevant document shows that Chenghuang Rare Earth, as China’s biggest private rare earth enterprise, has an annual processing capacity of 3,000t of Rare Earth Oxide (REO), 8,000t of rare earth metals, 5,000t of scraps of neodymium iron boron and 1,000t of fluorescent powder wastes. Wensheng New Material is China’s biggest producer of zircon sand and mainly engages in the beneficiation and processing for zirconium and titanium ore with an annual capacity of 750,000t of zircon sand, ilmenite and Rutile, establishing stable cooperation with international raw material giants like ILUKA and MZI and being a leading zircon sand supplier nationwide.

.Asian Metal Copyright00% of Chenguang Rare Earth’s share, 71Asian Metal Copyright