Power Metallurgy Adds &Nbsp; Ordos Net Profit Increased By 113.66%

Though in 2010

The 2010 annual report shows that during the reporting period, the operating indicators of Erdos increased substantially. The company achieved operating income of 11 billion 732 million 960 thousand yuan, an increase of 44.54% over the previous year, operating profit of 1 billion 531 million 970 thousand yuan, an increase of 196.46% over the previous year, and a net profit of 840 million 650 thousand yuan to the parent company owner, an increase of 113.66% over the previous year.

Ordos said the company's operating income was 11732957678.08 yuan in the current period, an increase of 44.54% over the previous period, mainly due to the increase in the power metallurgical business revenue of the subsidiary of the company.

It is understood that in 2010, Erdos increased 840 million yuan to the company.

In 2010, the profitability of Erdos clothing, polysilicon and calcium carbide and coal and metallurgical business increased significantly.

Ordos is the earliest development and production in China.

While constantly improving the traditional cashmere business, the company also actively bases itself on the local market and continuously seeks new profit growth points, which is currently highlighted in the development of ferrosilicon business.

The company intervened in the ferrosilicon business by investing 60% stake in Erdos power metallurgy company.

In 2010, with the development of new projects and the improvement of market demand, the company's energy and chemical industry has achieved the best business benefits since its construction.

During the reporting period, the company further improved the layout of heavy chemical industry. In addition to the original coal mining and washing, power generation and metallurgy, polycrystalline silicon and chlor alkali chemical projects also entered the production stage.

The annual report shows that the sales of main products of the company's energy and chemical industry are as follows: raw coal mining is nearly 5 million tons, washing 4 million 500 thousand tons, generating 10 billion 800 million degrees, producing 640 thousand tons of ferrosilicon, 120 thousand tons of silicon manganese, 580 thousand tons of calcium carbide, and 2 tons of polysilicon.

Hongyuan securities analyst Huang Lijun believes that Ordos polycrystalline silicon and calcium carbide business into the release phase of capacity.