Caihua News Agency Hong Kong News Center on the 19th news China's rare earth performance said that the profit in 2009 was 158 million yuan, a loss of 110 million yuan in 2008, of which refractory and rare earth revenues were 151 million yuan and 7.26 million yuan respectively, in 2008 It was a loss of 94.77 million yuan and 14.96 million yuan.
During the period, the turnover of refractory business fell by 23% to 574 million yuan. Among the refractory materials and high-temperature ceramics, the Group sold about 76,000 tons of products in 2009, a decrease of 26,500 tons compared with 2008, of which the sales of amorphous castables declined. It has reduced by more than 9,000 tons and the amount has dropped by about 60%. In terms of electricity and magnesia, its demand and sales have also been greatly reduced due to the sluggish refractory market. During the period, the Group only sold about 12,600 tons of electricity.é••Magnesium sand has been reduced by more than 60% compared with last year. The average selling price can still maintain the similar level in 2008. However, the decrease in output has caused the average cost to rise, which has caused the gross profit margin of the slag magnesia business to drop to about 20%.
In the rare earth business, the Group has benefited from the initial segmentation of rare earth salt products and rare earth metal products business of China Rare Earth, which has increased the sales and profits of the Group's rare earth business. As a result, the Group sold approximately 7,000 tons of rare earth and deep processed products, compared with last year. It has risen by about 32%. If the newly acquired business is deducted, it is about 28% lower than last year. Turnover increased slightly by 3% to 638 million yuan over the same period last year. The average gross profit margin was reduced from approximately 17% to approximately 6%.
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