Yantai Zhenghai Magnetic Material (300224.SZ): net income expected to be doubled in the first three quarters benefitting from price hike of NdFeB

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Yantai Zhenghai Magnetic Material (300224.SZ): net income expected to be doubled in the first three quarters benefitting from price hike of NdFeB

Date:2011-10-13sunshuxing

According to the advance notice of Yantai Zhenghai Magnetic Material, its operating profit will approximately reach RMB 162.68 million-RMB196.92 million in the first three quarters of 2011, up 90%-130% YoY. Price hike of NdFeB is the main reason for performance improvement. As the main product ...

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