Baogang Group: Rare Earth Wins Nearly 2 Billion Yuan in the First Half Year

[China Aluminum Network] August 9, Baogang Group announced report of the first half year in the evening of August 8. The overall operation revenue reaches 5.979 billion Yuan and the net profit that belongs to shareholders of the listed company reaches 1.976 billion Yuan up by 458.51% over the same period last year. Fundamentally, it owns 1.632 Yuan per share growing by 458.51% year on year.

Meanwhile, it is estimated that the company’s performance will go up rapidly from January to September. Baogang Group indicates that national vigorously implementation of policies related to improve rare earth industry as well as products’ rising price all contribute to boost its overall operating level and profitability.

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