Xinshan Iron and Steel Co., Ltd.: the performance in 2021 is expected to increase by 48.33% compared with the same period last year. 66.67% of production and marketing are in good condition.

Xinshan Iron and Steel Co., Ltd. previously issued a pre-performance announcement for 2021, revealing that the company is expected to realize net profit of 4.005 billion yuan to 4.5 billion yuan attributable to shareholders of listed companies in 2021, an increase of 1.305 billion yuan to 1.8 billion yuan compared with the same period last year, an increase of 48.33% to 66.67% over the same period last year.

The net profit attributed to shareholders of listed companies was 971 million yuan in the first quarter, 2.405 billion yuan in the first half of the year, 1.025 billion yuan in the third quarter, and 3.43 billion yuan in the first three quarters. According to estimates, the fourth quarter is expected to achieve net profit income of 575 million yuan to 1.07 billion yuan.

With regard to the main reasons for the pre-increase in performance, Xinshan Iron and Steel Co., Ltd. said that China's economy will continue to recover and tend to be stable in 2021, and the recovery of downstream demand provides a better environment for the development of the iron and steel industry. In the face of industrial policy adjustment and market fluctuations, the company actively adapts to market changes and policy adjustments by optimizing production organization, comprehensively matching standards, continuously reducing costs and increasing efficiency, strengthening investment in science and technology, and deepening management reform. Properly deal with the pressure of high operation of raw fuel, "double control", "double carbon" and strict control of environmental protection. Take "minimal management, extreme scale, consumption limit" and "Mathematical Intelligence New Steel" as the brand-new development direction, adhere to the high-quality strategy, and constantly improve the quality of development while expanding the total economic output. During the reporting period, the company's production and operation maintained a good operation situation, and the effect of improving quality and efficiency was obvious.

According to the previous operating data report disclosed by Xingang, in the first three quarters, the output of cold-rolled steel was 1.1768 million tons and the sales volume was 1.1522 million tons, while the output of hot-rolled steel was 5.8125 million tons and the sales volume was 5.8394 million tons.

Xinshan Iron and Steel Co., Ltd. is a production and manufacturing enterprise integrating ore mining, iron and steel smelting, steel rolling and extension processing, with more than 3000 varieties and more than 3000 specifications of general steel, special steel, metal products, steel structure and chemical products. The production capacity reaches 7 million tons / year, and the thickness covers 0.28mm-380mm. Super products are widely used in petroleum and petrochemical, large bridges, military ships, nuclear power plants, aerospace and other national key projects, exported to more than 20 countries and regions.