The Yellow River whirlwind net profit of 31.81 million yuan in the first quarter increased by 214%

The Yellow River Cyclone (600172) released a quarterly report on Wednesday night, the company achieved a net profit of 31.809 million yuan in the first quarter of 2011, an increase of 213.57%.   In the first quarter, the company achieved operating income of 227 million yuan, a year-on-year increase of 58.87%; earnings per share was 0.119 yuan, an increase of 213.98%. According to the company, the year-on-year increase in operating income was mainly due to the increase in sales of super-hard materials, super-hard composite materials and metal powders during the reporting period.

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