Chinese permanent magnet producer boosts 2016 profits

By Albert Li
Published: Tuesday, 11 April 2017

The rare earth permanent magnetic material producer boosted profits in 2016 as it pushed more into high-end markets and new applications.

Chinese permanent magnets producer Beijing Zhong Ke San Huan High-Tech Co. saw net profit rise 15.22% in 2016 to Chinese renimbi (Rmb) 316.59m ($45.8m).

Turnover, at Rmb 3.54bn, was up 1.1%...

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