Shagang realizes net profits of RMB189 million in H1 of 2017
2017-08-30 17:22:22 [Print]
On August 25, Shagang Co., Ltd. released semi-annual report that in H1 of 2017 it achieved operating revenue of RMB6.110 billion, up by 83.48% YOY; net profits belonging to shareholders of listed companies of RMB189 million, up by 187.56% YOY;
According to Shagang, firstly, as prices for steel products increased sharply compared with the corresponding period of last year, net profits moved up accordingly; secondly, it raised added value of products through process innovation and product mix optimization; thirdly, it made great efforts to reduce manufacturing cost and reinforced internal management.
Shagang expects to see net profits belonging to shareholders of listed companies from Jan to September of RMB340-400 million, up by 158.70-204.36% YOY basing on increased selling prices and sales margin.
According to Shagang, firstly, as prices for steel products increased sharply compared with the corresponding period of last year, net profits moved up accordingly; secondly, it raised added value of products through process innovation and product mix optimization; thirdly, it made great efforts to reduce manufacturing cost and reinforced internal management.
Shagang expects to see net profits belonging to shareholders of listed companies from Jan to September of RMB340-400 million, up by 158.70-204.36% YOY basing on increased selling prices and sales margin.
