Jinzhou Jixiang Molybdenum Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 12:49 pm EDT
Share
Jinzhou Jixiang Molybdenum Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 737.247 million compared to CNY 461.028 million a year ago. Operating income was CNY 8.157 million compared to operating loss of CNY 26.329 million a year ago. Net income was CNY 4.014 million compared to net loss of CNY 23.829 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to basic loss per share from continuing operations of CNY 0.04 a year ago.
Jinzhou Yongshan Lithium Co Ltd, formerly Jinzhou Jixiang Molybdenum Co Ltd, is a China-based company mainly engaged in the production, processing and sales of molybdenum products and lithium salt products. The Company mainly operates two businesses. The lithium salt product business is engaged in the research, development, production and sales of battery-grade lithium carbonate and battery-grade lithium hydroxide. Product application fields include power batteries for new energy vehicles, energy storage batteries and consumer electronics product batteries. The molybdenum products business is mainly engaged in the production, processing and sales of molybdenum charge. The products include roasted molybdenum concentrate and ferromolybdenum, which are used in the production of stainless steel, alloy steel and special steel. The Company is also engaged in film and television business. The Company conducts its business in domestic and foreign markets.