Yellow River whirlwind: single crystal business volume and price rise

The company released the announcement of 2011 performance increase. It is estimated that the net profit attributable to owners of the parent company will increase by 100% in 2011 compared with the same period of the previous year, reaching RMB 126 million. Based on the latest share capital, the basic earnings per share is about RMB 0.40. , basically in line with our expectations. The substantial increase in the company's performance was mainly due to the fact that all major businesses went hand in hand. Compared with last year, the company's single crystal business volume has risen, and the business of superhard tools, super-hard composite materials and pre-alloy binders has achieved rapid growth. The company's growth in 2012 and 2013 mainly comes from the following aspects: a) Monocrystalline production capacity mining, the company's output this year is about 1.8 billion carats, the existing equipment capacity has not been fully released, can support 2012, 2013 15%, 10 % growth; b) The issuance project (pre-alloy binder project and geological mineral drilling grade super-hard composite production line project) is expected to contribute half of the capacity in 2012 and will be put into production in 2013.

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