Fangda Carbon: results of research institutions inconsistent with facts

Fangda Carbon responded inquiries of Shanghai Stock Exchange on the evening of August 1st and reminded of risks.Asian Metal Copyright .Asian Metal Copyright The company noted that the result that net profits of Fangda Carbon were expected to be about RMB500 million in July released by research institutions is inconsistent with facts as their net profits were expected to be about RMB430 million in fact, adding that conclusions which claimed that they probably can keep high profits till March 2018 and their annual profitability has reached RMB7 billion are lack of theoretical foundation as their net profits are unlikely to reach RMB7 billion in 2017 based on current capacities and prices of their products.Asian Metal Copyright It’s uncertain whether graphite electrode prices of Fangda Carbon can be unchanged in future as other enterprises within this industry are speeding up to resume production.Asian Metal Copyright Fangda Carbon has no plans to expand production in short term as their capacity utilization has been saturated.Asian Metal Copyright Shares of Fangda Carbon started to resume trading on August 2nd.Asian Metal Copyright It’s uncertain whether graphite electrode prices of Fangda Carbon can be unchanged in future as other enterprises within this industry are speeding up to resume production.Asian Metal Copyright Fangda Carbon has no plans to expand production in short term as their capacity utilization has been saturated.Asian Metal Copyright Shares of Fangda Carbon started to resume trading on August 2nd.


.Asian Metal Copyright Fangda Carbon has no plans to expand production in short term as their capacity utilization has been saturatedAsian Metal Copyright