Although Fujian Xiamen Tungsten Rare and vigorously support but profits still fell

Major shareholder of Fujian Xiamen Tungsten Rare Earth Group vigorously holdings and holdings are generous but the mid-year report released last week showed that eighty percent Xiamen Tungsten net profit is still a large drop.

Fujian Xiamen Tungsten Rare Earth Group currently holds 235.6 million shares, the first quarter increased by 459.16 million shares, the total share capital of 34.55%. In the second quarter, the share price at 30 yuan Xiamen Tungsten fluctuate around, that is, to buy shares in Fujian Rare Earth Group spent at least $ 120 million. Holdings in the second quarter, the major shareholder of Fujian, Xiamen Tungsten Rare Earth Group has achieved for three consecutive quarters of Xiamen Tungsten holdings. When the first quarter of this year, Fujian Xiamen Tungsten Rare Earth Group had holdings of 67 million shares. From the beginning of December last year, Fujian Rare Earth Group has total holdings of listed shares 0.95%.

In fact, in addition to intensify holdings outside, Fujian Province, Xiamen Tungsten is also rare earth business support into concrete action. Public information, in 2013 the first batch of rare earth mining Fujian indicators have 950 tons allocated to Xiamen Tungsten, which is more than 700 tons the same period in 2012, an increase of 250 tons. The province's total mining capacity of 1,000 tons, and the remaining 50 tons were Sanming, Citylink, Changting, Shanghang other places of five rare earth companies carved up, that is, the first batch of this year, 95% of the mining index gave Xiamenwuye .


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