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Shenghe Resources increased net profit 139 percent in Q1 2018
Wang.C.S  2018.05.17



As quoted in Q1 report 2018 of Shenghe Resources issued recently, the company achieved 1.372 billion yuan in operating revenue from January to March in 2018, up 47.03 percent year on year, the average revenue growth rate of the nonferrous smelting processing industry was 16.95 percent, and the net profit attributed to the shareholders of listed companies was 76.850 million yuan, and the average net profit of the non-ferrous smelting processing industry was 138.54 percent. The growth rate is 88.12 percent year on year, the company's earnings per share is 0.06 yuan.

Shenghe Resources is a listed companies of the Shanghai stock exchange, Institute of Comprehensive Utilization of Mineral Resources of the Chinese Academy of Geological Sciences under Ministry of Land and Resources is the first shareholder. The main products are rare earth concentrate, rare earth oxides, rare earth compounds, rare earth metals, rare earth metals, rare earth metallurgical materials, rare earth catalytic materials, zircon sand, titanium concentrate, rutile and so on. It is widely used in new energy, new materials, energy conservation and environmental protection, aerospace, military industry, electronic information and so on.
 
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