Reportedly, Chinese Jilin Jien Nickel Industry announced its financial result for 2011.
The company realized sales revenue of RMB2.79 billion in 2011, rising by 24.14% year on year; however, it posted a net loss of RMB17.03 million, slumping by 113.95% in comparison of that in a year earlier.
In 2011, its net profits attributed to parent company were at RMB32.45 million, falling by 67.73% year on year.
Meanwhile, the company targeted to realize sales revenues of RMB2.8 billion in 2012