SMM net: Oriental Tantalum Industry Company semi-annual performance forecast shows that from January to June this year, the total net profit of shareholders belonging to listed companies totaled 13 million yuan to 19 million yuan, an increase of 345% Rue 550% over the same period last year.

The company's performance rose in the same direction from January to June 2020, mainly due to:

1. The company returns to the main business, focuses on industry, effectively improves the quality of assets and enhances the ability of sustainable development. Bank loans have been further reduced to reduce funding costs.

2. Under the influence of the epidemic of Xinguan pneumonia and insufficient market demand in related industries, when the production and sales of major products decreased compared with the same period last year, the company seized the opportunity to ensure raw material procurement, constantly cleared inventory, and further reduced online occupancy. By improving quality and efficiency, and strengthening management, the company's product cost fell more than revenue in the first half of the year compared with the same period last year.

3. During the reporting period, the company received a large increase in government subsidy funds related to revenue compared with the same period last year.

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