China Knowledge reported that Shenzhen Zhongjin Lingnan Nonfemet Company Limited saw its net profit surge more than 11 fold to CNY 138 million in the Q1 2010.

Revenue rose 78.49% YoY to CNY 2.15 billion this year and earnings per share were CNY 0.14 in the period. Rising prices of main products account for the increases in revenue and net profit.

The company predicted that its net profit will rise between 86.16% to CNY 200 million and 272.32% to CNY 400 million in the H1 of 2010 because of stability in the prices of silver, zinc and lead.

(Sourced from China Knowledge)