Daming International: sales and processing volume of Q2 stainless steel increased by 12.2% and 7.3% respectively compared with the same period last year.

SMM News: recently, Daming International announced that during the period from April 1, 2020 to June 30, 2020, the total sales and processing volume of stainless steel processing services of the Group reached 510400 tons and 744200 tons respectively, an increase of about 12.2% and 7.3% respectively over the same period last year.

During the period from April 1, 2020 to June 30, 2020, the total sales and processing volume of the group's carbon steel processing services reached 815200 tons and 952200 tons respectively, an increase of about 16.1% and 14.2% respectively over the same period last year.

In the three months ended June 30, 2020, the revenue of the manufacturing business was about 511 million yuan, an increase of about 120.2% over the same period last year.

The Group achieved a satisfactory recovery in sales and processing volume as well as revenue during the period from April 1, 2020 to June 30, 2020. As a result, the Group's unaudited operating data for the six months ended 30 June 2020 reached a level similar to that of the same period last year.

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