China Zhongwang Reports Excellent Performance on Well-behaved Auto Aluminum Market

Published: Apr 11, 2017 10:32

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China Zhongwang posted a 12.1% rise in net profit to 3.14 billion yuan in 2016 thanks to rapid expansion in automobile aluminum market, according to the company’s 2016 earnings report.

SHANGHAI, Apr. 11 (SMM) - China Zhongwang posted a 12.1% rise in net profit to 3.14 billion yuan in 2016 thanks to rapid expansion in automobile aluminum market, according to the company’s 2016 earnings report.

Processing business is main driver of its performance, with sales up 22.7% on a yearly basis to 90,000 tonnes and sales revenue up 25.1% to 2.44 billion yuan.

Total sales increased 3.9% year-on-year to 765,000 tonnes, creating income of 16.7 billion yuan.

Yunnan Aluminum Posts 276% Jump in Net Profit in 2016

Zhongjin Lingnan Nonfemet Posts 60.85% Rise in Profit in 2016

Jiangxi Copper Expects to See 140-160% Rise in Profit on Upbeat Metals in First Quarter

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China Zhongwang aluminum profit automobile

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