Shangdong Ruifu forecasts profit growth

By Albert Li
Published: Tuesday, 30 August 2016

Shangdong Ruifu anticipates increasing profits over the next few years following losses in 2014 and 2015 as the company moved to 100% capacity in the first half of 2016.

Shangdong Ruifu’s president, Mingyue Wang, predicted net profits of Rmb 200m, Rmb 400m and Rmb 480m for 2016, 2017 and 2018 following losses in 2014 and 2015.

Wang said that company would expand capacity and invest in lithium hydroxide projects to meet these targets.

Ruifu’s capacity utilisation has stood between...

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