Xingye Mining's net profit up by more than 10 times in H1 2017
2017-08-31 17:52:02 [Print]
Xingye Mining released the semi-annual performance report on late 30 August, and the company realized RMB803 million of revenue, up by 236.66% YOY; net profit of RMB206 million, up by 1004.33% YOY.
The company noted that the nonferrous metal industry picked up in H1 2017 and prices for its main products of metals including silver, lead and zinc increased compared with the same period of 2016.
Yinman Mining, the subsidiary of Xingye Mining, acquired the safety production permit on 1 August 2017, and is conducting underpit mining comprehensively now. The dressing plant has thoroughly gotten rid of the dependence on byproduct ore, and its milling grade of tin, silver, zinc and copper increased by 50%, 36.36%, 118.75% and 90% respectively, expecting that the operating performance will rise largely between August and December.
The company noted that the nonferrous metal industry picked up in H1 2017 and prices for its main products of metals including silver, lead and zinc increased compared with the same period of 2016.
Yinman Mining, the subsidiary of Xingye Mining, acquired the safety production permit on 1 August 2017, and is conducting underpit mining comprehensively now. The dressing plant has thoroughly gotten rid of the dependence on byproduct ore, and its milling grade of tin, silver, zinc and copper increased by 50%, 36.36%, 118.75% and 90% respectively, expecting that the operating performance will rise largely between August and December.
Zinc Conc. 50%min EXW China
Unit:RMB/mtm
China zinc concentrate producers' sales to production ratio statistics by province by month
Unit: %
