Fujian Sangang Minguang 2017 performance increased by 303%-35.3% over the same period last year-Shanghai Metals Market

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Fujian Sangang Minguang 2017 performance increased by 303%-35.3% over the same period last year

Translation 01:43:59PM Feb 05, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM2 5: recently, Fujian three Steel Minguang released 2017 performance forecast, is expected to belong to the shareholders of listed companies net profit of 3.73394 billion yuan to 4.1972 billion yuan, an increase of 303%-35.3% over the same period last year. It made a profit of 926.5347 million yuan in the same period last year.

The main reason for the expected change in the company's performance is that it has benefited from the strong promotion of the country's supply-side reform, the elimination of backward production capacity, the elimination of medium-frequency furnaces, the crackdown on strip steel, strict environmental protection law enforcement, and so on, especially the entry into the northern heating season in the fourth quarter. Under the special action of carrying out the control of large gas pollution, the supply end of steel shrinks and the market environment is further improved. At the same time, the company firmly grasps the opportunity of warming the steel market, strengthens internal management, continues to reduce costs and efficiency, and enhances the core competitiveness of high quality and low cost. So that the company's per ton steel profit, sales profit margin, asset return and other economic and technical indicators ranked first in the industry, and achieved better than expected performance; In the fourth quarter, the actual growth of the company's main business income was better than expected, and the net profit increased significantly. the estimated net profit attributed to the shareholders of the listed company in 2017 was between 3.73394 billion yuan and 4.1972 billion yuan, and the earnings per share was between 2.72 yuan and 3.06 yuan.

Key Words:  Steel  rebar  iron ore  steel price 

Fujian Sangang Minguang 2017 performance increased by 303%-35.3% over the same period last year

Translation 01:43:59PM Feb 05, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM2 5: recently, Fujian three Steel Minguang released 2017 performance forecast, is expected to belong to the shareholders of listed companies net profit of 3.73394 billion yuan to 4.1972 billion yuan, an increase of 303%-35.3% over the same period last year. It made a profit of 926.5347 million yuan in the same period last year.

The main reason for the expected change in the company's performance is that it has benefited from the strong promotion of the country's supply-side reform, the elimination of backward production capacity, the elimination of medium-frequency furnaces, the crackdown on strip steel, strict environmental protection law enforcement, and so on, especially the entry into the northern heating season in the fourth quarter. Under the special action of carrying out the control of large gas pollution, the supply end of steel shrinks and the market environment is further improved. At the same time, the company firmly grasps the opportunity of warming the steel market, strengthens internal management, continues to reduce costs and efficiency, and enhances the core competitiveness of high quality and low cost. So that the company's per ton steel profit, sales profit margin, asset return and other economic and technical indicators ranked first in the industry, and achieved better than expected performance; In the fourth quarter, the actual growth of the company's main business income was better than expected, and the net profit increased significantly. the estimated net profit attributed to the shareholders of the listed company in 2017 was between 3.73394 billion yuan and 4.1972 billion yuan, and the earnings per share was between 2.72 yuan and 3.06 yuan.

Key Words:  Steel  rebar  iron ore  steel price