BGRIMM Magnetic Materials & Technology Co., Ltd. Provides Earnings Guidance for the Year 2015
January 26, 2016
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BGRIMM Magnetic Materials & Technology Co. Ltd. provided earnings guidance for the year 2015. The company will turn losses into gains in its net profit in 2015 compared with that in the same period of the year before, with the net profit belonging to shareholders of the company to be about RMB 35 million.
BGRIMM Technology Co Ltd is a company engaged in the research and development (R&D), production, sales and service of mining and metallurgical equipment and magnetic materials. The mining and metallurgical equipment mainly includes flotation equipment, magnetic separation equipment, grinding equipment, mixing tank, beneficiation auxiliary equipment, automatic zinc stripping unit, metallurgical leaching tank, environmental protection equipment and others. The magnetic material products include sintered permanent magnet ferrite, bonded permanent magnet ferrite, injection molding magnet, rubber magnet, magnetic recording material, rare earth permanent magnet and other magnetic materials, permanent magnet parts and others. The Company's products are mainly sold to East and South China, Europe, the United States, Japan, Hong Kong, Taiwan and other regions.