Dongyi Magnesium's 2017 Revenue Of 150 Million Yuan, An Operating Loss Of 15.47 Million Yuan

- May 17, 2018-

Dongyi Magnesium's 2017 revenue of 150 million yuan, an operating loss of 15.47 million yuan

Recently, Dongyi Magnesium (838258) released its 2017 annual report showing that operating revenue in 2017 was 150 million yuan, down 4.47% from the same period of last year; net profit attributable to shareholders of listed companies was -15,470,600 yuan, compared with the previous year The level of loss for the same period has increased; the basic earnings per share was -0.08 yuan, compared with -0.05 yuan in the same period of last year.

As of 2017, Dongyi Magnesium’s assets totaled 336 million yuan, a decrease of 11.98% from the end of the previous year. The debt ratio was 66.9%, an increase of 0.12 percentage points from the 66.78% at the end of the previous year. The net cash flow from operating activities for the current period was 1874.18 million yuan, compared with 11.935 million yuan in the same period of last year.

During the reporting period, Dongying Magnesium’s administrative expenses decreased by 13.73% as compared with the same period of last year, mainly due to the improvement in the company’s management in the current period, the reduction in expenditures and the reduction in costs.