Shenhuo Group Share Profits Dropped

(China Aluminum Network) Owing to fierce competition in coal and electrolytic aluminium industry in 2012, listed company shareholders’ net profits dropped 80%-87% over the same period. EPS in 2012 was about 0.10 yuan.

In terms of sharp drop performance the company explained that since affected by slow macro-economy growth, domestic coal products demand decreased continuously since July 2012, company’s coal products price decreased largely when compared with the same period in last year. At the same time, domestic aluminum products market was in the state of oversupply, weak aluminum price also leaded to heavier loss of company’s electrolytic aluminium business.

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