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Yinhe Magnet is expected to increase profit by 110%-125%
Wang Chunsun  2017.06.29



Yinhe Magnet (Shenzhen Stock:300127) issued the first half report of 2017 in June 22nd. As quoted in the report, the company is expected to gain net profit attributable to shareholders of net profit 1,100,355-1,182,375 yuan the first half of 2017, an increase of 110%-125%. Yinhe Magnet said that the great increase in company's net profit in the first half of 2017 attributed in great growth of sales volume sales and sales revenue comparing to that of the same period last year; moreover, the unit cost of production declined slightly from the previous year, product gross margin slightly increased.
 
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