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Beijing Zhong Ke San Huan High-Tech's H1 profit up 196.48%

Aug. 22, 2012 (China Knowledge) - Beijing Zhong Ke San Huan High-Tech Co Ltd<000970>, a supplier of rare-earth permanent magnets, new magnetic materials and the application products, has announced yesterday that its net profit surged 196.48% year on year to RMB 461 million in the first half of this year.

Basic earnings per share were RMB 0.9 during the period, up 190.32% YoY. The company proposed an interim dividend of RMB 2 per ten shares.

The Shenzhen-listed firm attributed the robust profit growth to higher sales prices and increased sales volume.

Beijing Zhong Ke San Huan High-Tech saw its operating revenue reach RMB 2.85 billion in H1, reflecting a growth of 59.78% YoY. The company's gross profit margin rose to 35% in the period.

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