HUAYOU COBALT(SH:603799)2017-01-19 16:00Financial Performance - The company expects a net profit attributable to shareholders of between 50 million and 75 million yuan for the year 2016, a significant turnaround from a net loss of 246 million yuan in the previous year[3] - The earnings per share for the previous year was -0.47 yuan, indicating a substantial improvement in profitability for 2016[4] Market Demand and Product Pricing - The increase in demand for cobalt products, driven by the growth of lithium-ion battery materials for 3C electronic products and new energy vehicle batteries, contributed to the recovery in product prices[5] - Prices for copper and nickel products have stabilized, maintaining a certain level of profitability for the company[5] Production and Operational Efficiency - The company's IPO fundraising projects have further released production capacity, leading to steady growth in cobalt product output and sales[5] - Operational costs have decreased, enhancing the profitability of the products during the reporting period[5] Financial Data Disclosure - The data provided is preliminary and subject to change, with the final audited financial data to be disclosed in the official annual report[6]