The medium-term net profit of Bao Titanium shares decreased by 82.29% over 5.58 million yuan

NetEase Finance July 29 News Bao Ti shares released 2010.5 Annual report in late Thursday.　　In the first half of 2010, the company achieved Titanium products sales volume of 8151.57 tons, of which titanium 5025.39 tons, to achieve operating income of 1.195 billion yuan, year-on-year growth of 1.92%, net profit of 5.5825 million yuan, compared to the same period a year ago reduce 82.29%.　　Semi-annual reports, the reporting period, the market demand oversupply, and because of raw material prices fell year-on-year, the company's titanium products average price lower than a year earlier, profit margins narrowed, gross profit margin than a year earlier fell 1.63%.　　Bao Titanium shares that, during the reporting period, in spite of macroeconomic stabilization rebound, titanium applications in the field of demand gradually warmer, larger projects, the company's product orders and sales increase, but the international aviation industry is still depressed and the domestic low-end titanium production capacity is severely excess, the market competition more intense, the company's products average price decline, profit space narrowing. Related topics: Semi-annual report of 2010 listed Companies