Jinzhou Jixiang Molybdenum Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 29, 2021 at 12:49 pm EDT
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Jinzhou Jixiang Molybdenum Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 2,290.284 million compared to CNY 2,854.919 million a year ago. Operating loss was CNY 307.089 million compared to CNY 243.662 million a year ago. Net loss was CNY 262.791 million compared to CNY 225.614 million a year ago. Basic loss per share from continuing operations was CNY 0.48 compared to CNY 0.41 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.