HBIS's net profit up by 200% in H1
2017-08-31 17:42:28 [Print]
HBIS released its H1 performance report on the evening of August 29 that it realized operating income of RMB54.46 billion in H1 of 2017, up by 43.65% YOY; the net profits belonging to shareholders of listed companies were RMB1.251 billion, up by 205.82% YOY.
The company expressed that with the continuously deepened implementation of supply-side reform in the steel industry and the intensified measures of de-capacity, eliminating intermediate frequency furnaces and renovating low-quality steel products, the external operating environment of the steel industry improved significantly in H1 of 2017 with rising prices for steel products, and the operating stated of steel enterprises was promoted further.
During the reporting period, the company progressively made new achievements in production, operation, reform and development. It produced 13.85 million tons of pig iron, 14.14 million tons of crude steel, 13.55 million tons of steel products and 76,700t of vanadium slag in Jan-Jun 2017, respectively down by 4.43%, 0.14%, 1.27% and 8.25% compared with that in the same period of last year.
The company expressed that with the continuously deepened implementation of supply-side reform in the steel industry and the intensified measures of de-capacity, eliminating intermediate frequency furnaces and renovating low-quality steel products, the external operating environment of the steel industry improved significantly in H1 of 2017 with rising prices for steel products, and the operating stated of steel enterprises was promoted further.
During the reporting period, the company progressively made new achievements in production, operation, reform and development. It produced 13.85 million tons of pig iron, 14.14 million tons of crude steel, 13.55 million tons of steel products and 76,700t of vanadium slag in Jan-Jun 2017, respectively down by 4.43%, 0.14%, 1.27% and 8.25% compared with that in the same period of last year.
