Qinghai Jinrui Mineral Development Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 21, 2020 at 01:33 pm IST
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Qinghai Jinrui Mineral Development Co. Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 62.003 million compared to CNY 90.113 million a year ago. Operating loss was CNY 69,846.84 compared to operating Income of CNY 2.652 million a year ago. Net loss was CNY 412,631.82 compared to net income of CNY 1.836 million a year ago. Basic loss per share from continuing operations was CNY 0.001 compared to basic earnings per share from continuing operations of CNY 0.006 a year ago.
Qinghai Jinrui Mining Development Co Ltd is a China-based company mainly engaged in the production and sales of strontium salt series products. The Company's main products include strontium carbonate, including industrial grade strontium carbonate and electronic grade strontium carbonate, metallic strontium, aluminum strontium alloy, strontium nitrate, strontium hydroxide and by-products sulfur and sodium sulfite. The Company's products are mainly used in the manufacturing of liquid crystal glass, magnetic materials, electronic ceramics, metal smelting, fireworks and other deep processing of strontium salts, electronics, metallurgy, chemical industry, aviation, automobile, motorcycle and new energy industries. The Company mainly conducts its businesses in domestic and overseas markets.