Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Baotou Steel Rare Earth’s Profit Down 57% in 2014 despite Higher Sales Volume

Baotou Steel Rare Earth’s Profit Down 57% in 2014 despite Higher Sales Volume

Apr 3, 2015 15:45

Source:SMM

Inner Mongolia Baotou Steel Rare Earth (Group) Hi-Tech Co. reported a 57.44% decline in its profit for the 2014 fiscal year, although total sales volume increased.

SHANGHAI, Apr. 3 (SMM) – Inner Mongolia Baotou Steel Rare Earth (Group) Hi-Tech Co. reported a 57.44% decline in its profit for the 2014 fiscal year, although total sales volume increased.

The company registered a net profit of 643 million yuan ($105 million) in 2014.

According to the annual report of Baotou Steel Rare Earth, sales volume of cheaper products, such as lanthanum and cerium products, increased, while that of more expensive products, such as praseodymium and neodymium products, declined. As such, its sales revenue dropped 31.09% to 5.8 billion yuan despite high overall sales volume.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Baotou Steel Rare-Earth

2014 FY results

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Yuguang Gold & Lead Returns to Profitability in 2014; New Operations Contribute

Henan Yuguang Gold & Lead Co. broke into the black in 2014 by registering a net profit of 23.4 million yuan ($3.8 million), the company’s annual report shows.

time

Apr 9, 2015 15:10

Zhongjin Lingnan’s 2014 Profit Grows to 470 Mln yuan as Zinc Prices Rise

Shenzhen Zhongjin Lingnan Nonfemet Co. registered a net profit of 470 million yuan in the 2014 fiscal year, up from 2013’s 391 million yuan, the company’s annual report says.

time

Apr 8, 2015 18:05

China Minmetals Rare Earth Lost 55.8 Mln yuan in 2014 on Sluggish Rare Earth Demand

China Minmetals Rare Earth Co. reported a loss of 55.8 million yuan in the 2014 fiscal year due to weak rare earth prices.

time

Apr 3, 2015 15:53

Sacredsun Posts 5.5% Rise in 2015 Profit; Backup Battery Business Contributes

Shandong Sacredsun Power Sources Co. – a leading lead-acid battery producer in China – reported a 5.51% growth in profits for 2014 fiscal year, according to the company’s annual report.

time

Mar 31, 2015 13:35

Jiangxi Copper Net Profit Falls 20.04% in 2014 on Lower Copper Prices

Jiangxi Copper Company Limited (JCC), China’s top copper producer, posted a 20.04% year-on-year fall in its net profit to 2.8 billion yuan () in 2014.

time

Mar 26, 2015 12:08

China Hanking’s Profit Down 95.3% in 2014 due to Indonesia Export Ban, Weak Iron Ore Price

China Hanking Holdings Ltd. registered a 95.3% year-on-year fall in net profit last year due mainly to Indonesia’s ban on unprocessed ore exports and plunging iron ore prices.

time

Mar 18, 2015 14:18

Humon Smelting Reports Sharp Rise in Lead Sales in 2014; Profit Up Slightly

Shandong Humon Smelting Co.’s net profit grew 7.1% year-on-year to 250 million yuan in 2014, and the company’s refined lead sales posted a 119.3% spike from 2013.

time

Mar 11, 2015 14:10

Xiamen Tungsten’s 2014 Profit Down 3.8% on Lower Tungsten Prices, Weak Rare Earth Market

Xiamen Tungsten Co.’s net profit dropped 3.8% in 2014 due to lower prices for tungsten and continued sluggishness in rare earth market.

time

Feb 13, 2015 10:12

Ye Chiu China Sees 40-60% Fall in 2014 Net Profit on Lower Aluminum Price

Ye Chiu Metal Recycling (China) Ltd. anticipates a 40-60% fall in its net profit for the full year of 2014, citing falling aluminum prices in China and overseas.

time

Feb 11, 2015 15:17

Zhongfu Industrial Expects to Reverse Loss in 2014 on Falling Power Cost

Henan Zhongfu Industrial Co. expects to reverse losses in 2014 by posting 15-45 million yuan ($2-7 million) in net profit attributable to shareholders of its listed company.

time

Feb 11, 2015 15:02

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  To Be Determined
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles

2.Aluminum Wire Supplier Screening

3.Cost Analysis Of AL Extrusion For Target Units

4.Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)

5.Optimization Of Purchasing Cost For Casting Alloys

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.