China Zhongwang's profit increased by 33.1% to RMB 3.87 billion in 2017

- Apr 02, 2018 -

China Zhongwang's profit increased by 33.1% to RMB 3.87 billion in 2017

On March 23rd, China Zhongwang Holdings Co., Ltd. ("China Zhongwang" or "Company", the world's leading R&D and manufacturer of aluminum processing products, was announced as of December 2017 as well as its subsidiary "Group"; stock code: 01333). The audited annual results for the 12 months ended 31 December (the “review year”). During the year under review, the sales performance of the aluminum alloy formwork of the Group's high value-added products was dazzling, driving the average unit price to increase. The Group achieved overall external sales of approximately 737,000 tons, and total revenue increased by 16.6% to approximately RMB19.46 billion. Profit for the year increased significantly by 33.1% year-on-year to approximately RMB3.87 billion.


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