Zhuzhou Smelter Group Sees Net Profit in 1Q Down 69.70% YoY

SHANGHAI, Apr. 22 -- Zhuzhou Smelter Group announced quarterly report for 1Q 2009 on April 22nd. The report shows that the company realized the operating revenue of RMB 1,422,220,000 in 1Q, down 34.7% YoY; net profit was RMB 4.8009 million, down 69.70% YoY; earnings per share (EPS) were RMB 0.009; net asset per share was RMB 3.89; rate of return on common stockholders' equity (ROE) was 0.23%.

    The report shows the declines in net profit were due mainly to the financial crisis. The selling prices of main products fell, leading to declines in operating income; supply of raw materials for lead and zinc were tight, and the purchase price remained high, so the profit margin of TC/RC of the products was contracted, leading to declines in profit.

    (Edited by CBI China)