Jinzhou Jixiang Molybdenum Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 04:16 am EDT
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Jinzhou Jixiang Molybdenum Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 2,960.04 million compared to CNY 1,653.58 million a year ago. Revenue was CNY 2,960.04 million compared to CNY 1,653.58 million a year ago. Net income was CNY 42.9 million compared to net loss of CNY 150.27 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to basic loss per share from continuing operations of CNY 0.28 a year ago. Diluted earnings per share from continuing operations was CNY 0.08 compared to diluted loss per share from continuing operations of CNY 0.28 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.