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Net profit of Zhongke Sanhuan fell 11% in 2017
Wang.C.S  2018.04.05



In April 2nd, Beijing Zhongke Sanhuan Hi-Tech Co., Ltd. announced its 2017 annual report: its operating income was 3.9 billion yuan, up 10% year on year, and the net profit of the parent company was 280 million yuan, down 11% year on year and profit per share was 0.26 yuan, which was in line with the market expectations. In 2017, the net profit of the company after deducting the net profit was 260 million yuan, down 11% year on year. In 2017, the main reason for the profit decline in the company's report was the price rising of rare earth, the gross margin and the increase in foreign exchange gains and losses.

Beijing Zhongke Sanhuan Hi-Tech Co., Ltd. is the Beijing Sanhuan new material High Technology Corporation, which is affiliated to the Chinese Academy of Sciences. It was founded in August 1, 1985. The operation range is NdFeB permanent magnetic materials and other new materials, various rare earth permanent magnetic applications products, research and production, and related technical consultation, service etc. The company's main business is R & D, production and sales of rare earth permanent magnets and new magnetic materials and their application products.
 
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