Sichuan Anning Iron and Titanium Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 03, 2021
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Sichuan Anning Iron and Titanium Co.,Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced total revenue was CNY 1,214.900 million compared to CNY 849.688 million a year ago. Operating income was CNY 892.324 million compared to CNY 413.988 million a year ago. Net income was CNY 762.754 million compared to CNY 353.603 million a year ago. Basic earnings per share from continuing operations was CNY 1.9021 compared to CNY 0.9456 a year ago.
Sichuan Anning Iron and Titanium Co., Ltd. is a circular economy enterprise that comprehensively utilizes vanadium and titanium resources for the extraction and selection of polymetallic associated ore. The Company is mainly engaged in the mining, washing and sales of vanadium-titanium magnetite. The main products are titanium concentrate and vanadium-iron concentrate. Vanadium-titanium magnetite is a multi-metal companion ore that contains iron and is associated with titanium, vanadium, scandium, cobalt, nickel, chromium, gallium and other elements. Products, raw materials for important basic industries such as titanium. The Company mainly operates its business in the domestic market.