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Five steel companies achieved substantial profit growth in the first half of the year

Date:2020-08-07View:414Tages:SSAW Steel Pipe

As of the evening of July 10, a total of five listed steel companies released semi-annual performance forecasts: Among them, Sangang Shuguang expects net profit attributable to shareholders of listed companies in the first half of the year to increase by 57.50%~107.50% over the same period of the previous year, amounting to 568 million Yuan to 748 million yuan; compared with the same period last year, Linggang is expected to achieve a turnaround in the first half of the year, achieving a net profit of about 400 million yuan to the listed shareholders; Valin Steel is expected to achieve a net profit of 11 in the first half of this year 1.3 billion yuan, the net profit attributable to shareholders of listed companies is 9 to 1 billion yuan, and this is the best performance for the first half of the year since Valin Steel was listed in 1999; Jiuquan Hongxing is expected to achieve its attribution in the first half of 2017. The net profit of shareholders of listed companies was about 350 million yuan, an increase of about 54% compared with the same period of last year; Hegang's estimated profit in the first half of the year was 1.15 billion yuan to 1.27 billion yuan, and the profit for the same period last year was 409 million yuan. 

"China Metallurgical News" and China Steel News Network reporters found out that the five steel companies' semi-annual performance forecasts have entered 2017. Under the vigorous promotion of national supply-side reform, elimination of intermediate frequency furnaces and rectification of strips and steels, On the one hand, the price of steel has always remained at a relatively high price range, and the price of raw materials has risen relatively little; on the other hand, the internal cost reduction and efficiency improvement work has been tight, and the whole process has achieved remarkable results in cost reduction and better cost control. Increased the profitability of the products, making the relevant steel companies' net profit in the first half of 2017 exceed expectations. 

On July 8, Gu Jianguo, executive vice president of China Iron and Steel Association, said at the China Steel Energy Conservation and Emission Reduction Forum that from the perspective of the operation of the steel industry in the first half of this year, the overall situation is positive and positive. It should be said that It is inseparable from the national elimination of backwardness and the fight against the strip steel. This creates a good external environment for steel. Although the overall situation of the steel industry is better than expected, we must be soberly aware that there are still many uncertain factors in maintaining the smooth operation of steel. The industry's asset-liability ratio is still at a high level, and the problem of high corporate financing still exists. To highlight the better benefits of the industry in the whole year, the second half of the year will not be at your fingertips, but it will require more effort.