Ma Steel reports net profit in H1 up by 263% YOY
2017-08-25 17:24:10 [Print]
Ma Steel released the semi-annual report on late 23 August, stating that the company achieved a business income of RMB35.188 billion, up by 67.55% YOY, with net profit up by 262.98% YOY to RMB1.643 billion and EPS of RMB0.21.
During H1 of 2017, the company optimized resources allocation and enhanced efficiency by analyzing price trend of plates, seeing sales volume of 200,000t. The new developed hot-rolled H steel for special autos filled the gap in the domestic and the company realized batch supply for galvanizing automobile panel, submarine pipeline steel and glassed steel.
During H1, the company’s net profit was RMB16.43 billion, up by from RMB0.759 billion in the first nine months of last year; meanwhile, the company may keep the profitability in Q3 owing to the positive operation. As a result, the company expects that the net profit from early this year to next report term will increase dramatically compared with the same period of last year.
During H1 of 2017, the company optimized resources allocation and enhanced efficiency by analyzing price trend of plates, seeing sales volume of 200,000t. The new developed hot-rolled H steel for special autos filled the gap in the domestic and the company realized batch supply for galvanizing automobile panel, submarine pipeline steel and glassed steel.
During H1, the company’s net profit was RMB16.43 billion, up by from RMB0.759 billion in the first nine months of last year; meanwhile, the company may keep the profitability in Q3 owing to the positive operation. As a result, the company expects that the net profit from early this year to next report term will increase dramatically compared with the same period of last year.
