China Zhongwang Net Profits Soared 152%

(China Aluminum Network) Yesterday, China Zhongwang the world second largest also China largest research and development manufacturer of industrial aluminum profiles announced that profits attributable to shareholders soared 152.0% yoy in the first half year, RMB1.04 billion yuan.

It is learned that export was the main business for China Zhongwang, but since America conducted anti£­dumping and anti£­subsidy to some of Chinese products in 2010, the profits of China Zhongwang dropped largely. Thus, the company turned to domestic market. Yesterday, the performance of Zhongwang showed China has been its key market, sales in China increased 51.2% to 6.3 billion yuan in the first half year, occupied 92% of the total sales.

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