The operating performance of Baosteel shares continues to improve. The total profit in the third quarter increased by 51% compared with the previous quarter.

SMM10 March 29: today Baosteel shares released the third quarter of Baosteel, the report shows that Baosteel shares realized a total profit of 5.31 billion yuan in the third quarter, an increase of 51% over the second quarter. In the first three quarters, operating income was 200.023 billion yuan, down 7.77% from the same period last year. Net profit was 7.859 billion yuan, down 12.86% from the same period last year.

The operating performance of Baosteel shares continues to improve. The company's supply, production and marketing system cooperates closely, overcomes the influence of blast furnace overhaul and series of annual repairs, organizes production according to the principle of "high yield and high efficiency", dynamically optimizes and adjusts the flow of resources. The total profits in the reporting period totaled 5.31 billion yuan, an increase of 51% over the second quarter, and the total profits in the first three quarters totaled 11.12 billion yuan.

At the same time, cost reduction has achieved remarkable results. Vigorously promote variable cost reduction and cost reduction in coordination with the whole process, deepen the comprehensive benchmarking work, strengthen process control and tapping potential, and achieve better-than-expected results in cost reduction. The cumulative cost reduction in the first three quarters was 4.9 billion yuan, exceeding the annual target and effectively supporting the company's operating performance.