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Net profit of the Galactic magnet increased 19% in Q1 2018
Wang.C.S  2018.04.27



In April 25th, Galaxy magnet (300127) issued a 2018 quarterly report in 2018, the company achieved 146 million yuan in operating revenue in 2018, up 19.8 percent year on year, the average growth rate of new material industry was 39.48 percent, the net profit attributable to the shareholders of listed companies was 35.657400 yuan, up 19.2 percent year and year. The average net profit growth rate of the new material industry was 114.42 percent, and earnings per share of the company were 0.11 yuan per share.

Chengdu Galaxy Magnet Co., Ltd. specializes in the production, research and development of bonded NdFeB magnets, hot pressed NdFeB magnets and samarium cobalt magnets. It is the largest manufacturer of bonded NdFeB magnets in the world and listed in the Shenzhen Stock Exchange in October 2010.
 
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