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[Ferro-alloys.com] Kingray New Materials Science & Technology Co , Ltd (Kingray Science) released its annual report of 2014 recently. In 2014, overall income of Kingray Science was RMB 1.30 billion (USD 0.21 billion), up 23.85% year-on-year. Profit attributable to shareholders of the listed company was -RMB 28.04 million, down 384.25% year-on-year. After deducting extraordinary gains or losses, net profit attributable to shareholders of the listed company was -RMB 42.30 million.

Under the downturn of steel industry, average sales price of electrolytic manganese metal (EMM) stayed at a low level in 2014 and Kingray Science fell into loss.

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