China Zhongwang, the second largest industrial aluminum products manufacturer in the world, reported its profit in the first nine months of this year reaching RMB 2.2 billion roughly, falling by 11.51% compared to the same period a year ago.
During this period, the revenue was around RMB 18.7 billion, up by 14.02% year on year. Among them, the sales volume of industrial aluminum extrusion sector was RMB 5.4 billion, a year-on-year increase of 31.3%; that of aluminum rolling business was around RMB 5.1 billion, a year-on-year hike of 1.06 times.
Besides, the overseas sales revenue reached nearly RMB 2 billion, accounting for 10.7% of the total revenue.
China Zhongwang's profit falls in Jan-Sep y-o-y
1 Nov 2019 11:30 reported by Joy Liu
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