Luxin Gaoxin: Net profit in the first half of the year turned loss into profit

Announcement on July 27, 2010, it is estimated that the company's net profit for the first six months of 2010 will turn into a profit. Considering the factors of business combination under the same control, the company's net profit for the first six months of 2010 is expected to increase by more than 150%. The reason for the change in performance was that during the reporting period, the major shareholding companies operated well and the company's investment income increased substantially.

The company has become the largest supplier of white corundum abrasive products in China. The coated abrasive industry has officially entered the world's advanced ranks. The static balance performance of “Taishan” brand grinding wheel is better than domestic similar products by 30%-50%. The company invested 100 million yuan to build a series of wear-resistant sand and high-grade abrasive tools in the park, and strive to become a leading domestic enterprise. The abrasive industry has grown into a leading enterprise in the industry, and the domestic market share of coated abrasive products has reached more than 40%. . In 2009, the company's abrasive output was 12,195 tons, down 9.56% year-on-year; the output of abrasive tools was 2,966 tons, down 26.9% year-on-year; the output of sandpaper and sandpaper was 166.31 million, up 6.08% year-on-year. Luxin Industrial Park is expected to complete the overall construction of the industrial park in June 2010.

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Jinyang Industrial Corporation., Ltd. , http://www.dmreflectives.com