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                Net profit of Beijing Zhongke Sanhuan Hi-tech fell 8.90% year on year
                Wang.C.S  2019.03.21



                Beijing Zhongke Sanhuan Hi-tech Co. Ltd. Shanghai Stock: 000974)recently released its annual report for 2018, which showed that the company's operating income reached 4.165 billion yuan, an increase of 6.91% year on year. Amid the report, the net profit attributable to shareholders of listed companies was 248 million yuan, a decrease of 12.04% year on year; the net profit attributable to shareholders of listed companies after deducting non-recurrent gains and losses was 239 million yuan, a decrease of 8.90% year on year.

                In terms of business structure, the main business income comes from magnetic products, to be more specific speaking, which amounts the sale of 4.14 billion, accounting for 100% of the total. From the perspective of profit contribution, the gross profit rate of enterprises is 19.6%, which is 2.8 percentage points lower than that of the previous year. Among them, "magnetic products" contributed 100% of gross profit, and "magnetic products" contributed more gross profit, with a gross interest rate of 19.4%.

                Beijing Zhongke Sanhuan High-tech Co., Ltd., founded on August 1, 1985, is a Beijing Sanhuan New Materials High-tech Co., Ltd. affiliated to the Chinese Academy of Sciences. It engages in the business of NdFeB permanent magnet materials and other new materials, research and development of various rare earth permanent magnet application products, production and related technical advice, services, etc. The company's main business is the research, development, production and sales of rare earth permanent magnets and new magnetic materials and their application products.
                 
                From:  
                 
                HongDa Industrial plans to invest rare earth new materials processing and application project in Baotou

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