Zhangyuan Tungsten planned an yearly revenue of 2 billion
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- Category: Tungsten's News
- Published on Tuesday, 23 April 2013 09:06
- Hits: 2052
Zhangyuan Tungsten held its annual shareholder meeting on April 20th, and passed several bills smoothly. The company got a net profit of 132,000,000 yuan, 54.11% less than the previous year. As the industry recovers this year, price of tungsten products has started to increase, and the company plans an yearly sales revenue of 2 billion and recovery growth in business performance.
Zhangyuan Tungsten has remarkable advantages on resource, with 4 mines having mining rights and 6 diggings having exploration rights. It has scored remarkable exploration achievements in recent years. Phasic progress was made in three mined mines and an un-mined mine, benefiting the company to increase the period of mining service to stockpile sufficient resources for further mining.
Zhangyuan Tungsten is one of the few manufacturers with a complete industrial chain in Chinese tungsten industry, having a strong ability to resist risks.
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