Huayu Mining's net profits up by 157.90% YOY in H1 2017

According to the semi-annual financial report released by Huayu Mining on the evening of August 15th, it’s operating revenues were RMB285 million in the first half of 2017, up by 20.Asian Metal Copyright Its controlling reserves for lead, zinc, cooper, antimony and silver resources have reached 821,100 metal tons, 1.Asian Metal Copyright30% YOY; net profits attributable to share holders of listed company were RMB124 million during the period, up by 157.Asian Metal Copyright Its controlling reserves for lead, zinc, cooper, antimony and silver resources have reached 821,100 metal tons, 1.Asian Metal Copyright90% YOY.
　　
The financial report indicated that reasons for the substantial increase for net profits of Huayu Mining in the first half of 2017 on the year-on-year basis were increased operating revenues, decreased operating costs and losses from asset devaluation. Main reasons for the increase of operating revenues during the period were increased selling prices and others.
　　
Primarily engaging in mining, beneficiation, geological survey and trading for lead, zinc, antimony, copper and other non-ferrous metals, Huayu Mining mainly produces zinc concentrate, lead-antimony concentrate (silver-bearing) and copper concentrate. Its controlling reserves for lead, zinc, cooper, antimony and silver resources have reached 821,100 metal tons, 1.Asian Metal Copyright71 metal tons now respectively.Asian Metal Copyright2554 million metal tons, 27,600 metal tons, 184,700 metal tons and 2,107.Asian Metal Copyright90% YOY.Asian Metal Copyright71 metal tons now respectively.

.Asian Metal Copyright2554 million metal tons, 27,600 metal tons, 184,700 metal tons and 2,107Asian Metal Copyright