Jianxin Mining predicts an increase of 650-890% in 2017 Q1 profits
2017-04-12 11:08:41 [Print]
According to the report released by Jianxin Mining on the evening of 10 April, the company expects its 2017 Q1 profits to grow to RMB76-100 million, up by 653.21-891.06% YOY.
The company attributes the substantial growth in its profits to two factors: during the reporting period, it successfully sold stocks left from 2016, driving sales of the main products up YOY; during the reporting period, the average selling unit prices for its main products were higher than those in the same period of 2016.
Main businesses of Jianxin Mining cover mining and beneficiation of lead-zinc mines (associated with gold, silver or copper) and other nonferrous metals, as well as production and sales of downstream products vitriolic acid.
The company attributes the substantial growth in its profits to two factors: during the reporting period, it successfully sold stocks left from 2016, driving sales of the main products up YOY; during the reporting period, the average selling unit prices for its main products were higher than those in the same period of 2016.
Main businesses of Jianxin Mining cover mining and beneficiation of lead-zinc mines (associated with gold, silver or copper) and other nonferrous metals, as well as production and sales of downstream products vitriolic acid.
Zinc Conc. TC 50% CIF China
Unit:USD/mt
China refined zinc producers' inventory statistics by province by month
Unit: mt
