Position:China Rare Earth Network>Industry Perspective>Capital fund of bag steel rare ground decreases a value to rise 24 times
Capital fund of bag steel rare ground decreases a value to rise 24 times
From;  Author:Stand originally

Bag steel rare earth releases 3 quarterly reports now, profit of net profit of the 3rd quarter is the company 34, 365, 545.73 yuan, drop compared to the same period 67.58% ; Every accrual is 0.043, drop compared to the same period 83.79. Asset reduces value loss for 6, 123, 480.61 yuan, rise compared to the same period 2390.41% .

Drop considerably to outstanding achievement of the 3rd quarter, the company says report period interior divides value of rare earth product to drop bigger, at the same time manufacturing cost and cost raise, cause company profit to decrease considerably.

The cash flow net specified number that management activity of before the company 3 quarters produces decreases 90, 779, 335.45 yuan, drop compared to the same period 130.30% . The company shows, bearing of situation of rare opium trade presents next slippery state inside report period, the company is stimulative sale, raised tick and kind of accept bill of exchange, add purchase cost to rise, salary and tax cost rise cause net flow of management activity cash to decrease considerably. (Dong Wensheng)