Daming International stainless Steel sales and processing Business decreased slightly in the first half of 2019 compared with the same period last year-Shanghai Metals Market

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Daming International stainless Steel sales and processing Business decreased slightly in the first half of 2019 compared with the same period last year

The content below was translated by Tencent automatically for reference.

SMM News: Daming International released unaudited operating data on July 18, 2019, its stainless steel sales of 865681 tons, a year-on-year decrease of 12 tons, of which the second quarter of the year-on-year decrease of about 4.7 to 454777 tons; stainless steel processing capacity of 1270941 tons, a year-on-year decrease of about 0.8%, of which the second quarter of the year-on-year decrease of about 0.1% to 693433 tons.

However, its carbon steel sales and processing business grew: sales rose about 39.4 per cent to 1272614 tons in the first half from a year earlier, of which about 37.3 per cent to 701956 tons were up in the second quarter from a year earlier; processing volume increased by about 57 per cent to 1465379 tons from a year earlier, of which about 57.6 per cent to 833997 tons were up in the second quarter from a year earlier.

In addition, revenue from its manufacturing business rose about 49.9 per cent to 458.5 million yuan in the first half of the year from a year earlier, including an increase of about 44.3 per cent to 232.2 million yuan in the second quarter from a year earlier.

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Daming International stainless Steel sales and processing Business decreased slightly in the first half of 2019 compared with the same period last year

The content below was translated by Tencent automatically for reference.

SMM News: Daming International released unaudited operating data on July 18, 2019, its stainless steel sales of 865681 tons, a year-on-year decrease of 12 tons, of which the second quarter of the year-on-year decrease of about 4.7 to 454777 tons; stainless steel processing capacity of 1270941 tons, a year-on-year decrease of about 0.8%, of which the second quarter of the year-on-year decrease of about 0.1% to 693433 tons.

However, its carbon steel sales and processing business grew: sales rose about 39.4 per cent to 1272614 tons in the first half from a year earlier, of which about 37.3 per cent to 701956 tons were up in the second quarter from a year earlier; processing volume increased by about 57 per cent to 1465379 tons from a year earlier, of which about 57.6 per cent to 833997 tons were up in the second quarter from a year earlier.

In addition, revenue from its manufacturing business rose about 49.9 per cent to 458.5 million yuan in the first half of the year from a year earlier, including an increase of about 44.3 per cent to 232.2 million yuan in the second quarter from a year earlier.

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business