Many achievements of steel enterprises in 2018 are gratified by the 300 million year-end awards of the most proud steel enterprises to disperse the red envelopes rain at the end of the year.-Shanghai Metals Market

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Many achievements of steel enterprises in 2018 are gratified by the 300 million year-end awards of the most proud steel enterprises to disperse the red envelopes rain at the end of the year.

Translation 02:55:50PM Jan 21, 2019 Source:Shanghai Nonferrous Metals Network

According to SMM statistical data, nearly 16 listed iron and steel companies have disclosed the 2018 annual report performance forecast, most of them have increased. Among them, Chongqing Iron and Steel, Changbao shares, Jiuli Special Materials, Shagang shares and other four companies are expected to double their net profits during the reporting period compared with the same period last year.

Compared with the 2018 semi-annual report, as steel prices fell by more than 20% from their peak (the highest average thread price on October 29, 2018), the net profit growth of a number of iron and steel enterprises fell back: among them, Anyang Iron and Steel is expected to make a net profit of 1.75 billion yuan to 1.92 billion yuan in 2018, an increase of 9.32 per cent to 19.94 per cent over the same period last year. Baosteel, the industry leader, reported earnings of 0.71yuan per share and a net profit of 15.747 billion yuan in the third quarter of 2018, an increase of 34.96 per cent over the same period last year, and the net profit of the annual report is expected to increase steadily. Only Chongqing Iron and Steel expects a net annual increase of more than 400 per cent year-on-year.

According to the SMM steel analysis, the change in steel prices is the main reason for the pre-increase in the performance of iron and steel enterprises. Compared with 2017 as a whole, the overall steel price in 2018 is still high, and the average price of rebar is more than 35% higher than that in 2017. The profit of steel at the high point is more than 1000 yuan. Therefore, the net profit of iron and steel enterprises is still growing year-on-year, and some enterprises are still in the process of substantial growth.

Average price of screw thread in 2018: 3884.49 yuan / ton

Average price of screw thread in China in 2017: 3884.49 yuan / ton

Forecast of Annual report results for 2018

1. The net profit of Baosteel shares in 2018 is expected to break through the 20 billion yuan mark

On January 18, Baosteel, the leader of China's Baowu listed steel enterprises under the "Iron and Steel aircraft Carrier," issued an announcement of the 2018 annual performance increase, which was preliminarily calculated by the financial department. The net profit attributable to shareholders of listed companies is expected to increase by 1.5 billion yuan to 2.3 billion yuan in 2018 compared with the same period last year, an increase of 8 to 12 per cent over the same period last year.

In other words, Baosteel shares in 2018 full-year net profit is expected to break through the 20 billion yuan mark, in the 20.7 billion yuan to 21.5 billion yuan, the highest year-on-year increase of 12%.

2. Sales income of Nanjing Iron and Steel Co., Ltd.

The latest statistical data from Nanjing Iron and Steel Group show that last year, Nanjing Iron and Steel Company actively responded to adverse factors such as soaring raw fuel prices and fluctuating steel prices, and its production and operation reached the best level in history. The target of "double thousand" with sales income of more than 100 billion yuan and steel production of more than 10 million tons will be achieved.

3. Anyang Iron and Steel net profit 2 billion

According to the preliminary calculation of the financial department of Anyang Iron and Steel Co., Ltd., the net profit attributable to the shareholders of the listed company is expected to be between 1.75 billion yuan and 1.92 billion yuan in 2018, an increase of 149.22 million yuan to 319.22 million yuan compared with the same period last year. The year-on-year increase was 9.32 per cent to 19.94 per cent.

The net profit attributable to shareholders of listed companies after deducting non-recurrent profits and losses is between 1.78 billion yuan and 1.95 billion yuan, an increase of 135.65 million yuan to 305.65 million yuan compared with the same period last year, an increase of 8.25% to 18.59% over the same period last year.

4. The most expensive year-end award: 300 million cash pile up of Fang Da Special Steel Co., Ltd.

On January 19, more than 300 million yuan in cash piled up into a "money mountain" in the Fangda Special Steel Plant in Nanchang City, Jiangxi Province, handing out year-end bonuses to employees. The enterprise has a total of more than 5000 employees, each of whom can receive an average of 60, 000 yuan at the end of the year. According to reports, the enterprise last year to each employee paid 30,000 yuan year-end bonus, this year doubled, the scene of an employee happily said: "so many bonuses, I do not know how to spend."

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Telephone / WeChat: 17521140167

Many achievements of steel enterprises in 2018 are gratified by the 300 million year-end awards of the most proud steel enterprises to disperse the red envelopes rain at the end of the year.

Translation 02:55:50PM Jan 21, 2019 Source:Shanghai Nonferrous Metals Network

According to SMM statistical data, nearly 16 listed iron and steel companies have disclosed the 2018 annual report performance forecast, most of them have increased. Among them, Chongqing Iron and Steel, Changbao shares, Jiuli Special Materials, Shagang shares and other four companies are expected to double their net profits during the reporting period compared with the same period last year.

Compared with the 2018 semi-annual report, as steel prices fell by more than 20% from their peak (the highest average thread price on October 29, 2018), the net profit growth of a number of iron and steel enterprises fell back: among them, Anyang Iron and Steel is expected to make a net profit of 1.75 billion yuan to 1.92 billion yuan in 2018, an increase of 9.32 per cent to 19.94 per cent over the same period last year. Baosteel, the industry leader, reported earnings of 0.71yuan per share and a net profit of 15.747 billion yuan in the third quarter of 2018, an increase of 34.96 per cent over the same period last year, and the net profit of the annual report is expected to increase steadily. Only Chongqing Iron and Steel expects a net annual increase of more than 400 per cent year-on-year.

According to the SMM steel analysis, the change in steel prices is the main reason for the pre-increase in the performance of iron and steel enterprises. Compared with 2017 as a whole, the overall steel price in 2018 is still high, and the average price of rebar is more than 35% higher than that in 2017. The profit of steel at the high point is more than 1000 yuan. Therefore, the net profit of iron and steel enterprises is still growing year-on-year, and some enterprises are still in the process of substantial growth.

Average price of screw thread in 2018: 3884.49 yuan / ton

Average price of screw thread in China in 2017: 3884.49 yuan / ton

Forecast of Annual report results for 2018

1. The net profit of Baosteel shares in 2018 is expected to break through the 20 billion yuan mark

On January 18, Baosteel, the leader of China's Baowu listed steel enterprises under the "Iron and Steel aircraft Carrier," issued an announcement of the 2018 annual performance increase, which was preliminarily calculated by the financial department. The net profit attributable to shareholders of listed companies is expected to increase by 1.5 billion yuan to 2.3 billion yuan in 2018 compared with the same period last year, an increase of 8 to 12 per cent over the same period last year.

In other words, Baosteel shares in 2018 full-year net profit is expected to break through the 20 billion yuan mark, in the 20.7 billion yuan to 21.5 billion yuan, the highest year-on-year increase of 12%.

2. Sales income of Nanjing Iron and Steel Co., Ltd.

The latest statistical data from Nanjing Iron and Steel Group show that last year, Nanjing Iron and Steel Company actively responded to adverse factors such as soaring raw fuel prices and fluctuating steel prices, and its production and operation reached the best level in history. The target of "double thousand" with sales income of more than 100 billion yuan and steel production of more than 10 million tons will be achieved.

3. Anyang Iron and Steel net profit 2 billion

According to the preliminary calculation of the financial department of Anyang Iron and Steel Co., Ltd., the net profit attributable to the shareholders of the listed company is expected to be between 1.75 billion yuan and 1.92 billion yuan in 2018, an increase of 149.22 million yuan to 319.22 million yuan compared with the same period last year. The year-on-year increase was 9.32 per cent to 19.94 per cent.

The net profit attributable to shareholders of listed companies after deducting non-recurrent profits and losses is between 1.78 billion yuan and 1.95 billion yuan, an increase of 135.65 million yuan to 305.65 million yuan compared with the same period last year, an increase of 8.25% to 18.59% over the same period last year.

4. The most expensive year-end award: 300 million cash pile up of Fang Da Special Steel Co., Ltd.

On January 19, more than 300 million yuan in cash piled up into a "money mountain" in the Fangda Special Steel Plant in Nanchang City, Jiangxi Province, handing out year-end bonuses to employees. The enterprise has a total of more than 5000 employees, each of whom can receive an average of 60, 000 yuan at the end of the year. According to reports, the enterprise last year to each employee paid 30,000 yuan year-end bonus, this year doubled, the scene of an employee happily said: "so many bonuses, I do not know how to spend."

Black and stainless steel alloy news push, please pay attention

Telephone / WeChat: 17521140167