Yellow River whirlwind reported net profit growth of 189.3%

Abstract The Yellow River Cyclone disclosed the 2011 semi-annual report on the evening of the 25th. From January to June 2011, the company's operating profit was 68.457 million yuan; of which the net profit attributable to shareholders of listed companies was 62.968 million yuan, an increase of 189.3% year-on-year; basic earnings per share...

The Yellow River whirlwind disclosed the 2011 semi-annual report on the evening of the 25th. From January to June 2011, the company's operating profit was 68.857 million yuan; the net profit attributable to shareholders of listed companies was 62.968 million yuan, an increase of 189.3% year-on-year; basic earnings per share was 0.2223 yuan, an increase of 173.77%.

The company said that the increase in profits was mainly due to the increase in sales of super-hard materials, super-hard composite materials and metal powder. In addition, the reversal of asset impairment losses and the realized investment income also have an impact on the increase in net profit.

The company closed at 17.26 yuan today, up 4.04%.
 

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