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Anshan Iron and Steel Co., Ltd.: it is estimated that the net profit of 500 million yuan in the first half of the year will
Jul 15,2020 14:10CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 15: recently Anshan Iron and Steel Co. (stock code 000898) issued a performance forecast that the net profit belonging to shareholders of listed companies in the first half of 2020 is expected to be 500 million yuan, down 64.91% from the same period last year.

The reason for the change in performance shows that in the first half of the year, due to the impact of the new crown pneumonia epidemic, the demand for steel products was weak, sales prices fell, raw material prices rose periodically, steel profit margins were compressed, and the company's profits declined compared with the same period last year.

Angang is mainly engaged in steel Calendering industry. The company has coking, sintering, ironmaking, steelmaking, steel rolling, railway transportation, energy power and other iron and steel production process production lines and supporting facilities, as well as relatively complete logistics, trade, steel processing service industry chain, the main equipment has reached the contemporary advanced level.

At present, the company has three major production bases in Anshan, Yingkou and Chaoyang, as well as processing, distribution or sales service organizations in Dalian, Shanghai, Tianjin, Guangzhou, Shenyang, Wuhan, Hefei and Zhengzhou. and rely on Angang Group's overseas sales organizations to carry out international operations.

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