Nanjing Iron and Steel Company actively arranges the upstream and downstream industrial chain to achieve a year-on-year increase of 43.75% in net profit in 2021

Nanjing Iron and Steel Co., Ltd. released its annual report for 2021 on March 23, which disclosed that the financial indicators for 2021 show that Nangang shares achieved operating income of 75.674 billion yuan in 2021, an increase of 42.45% over the same period last year, and the net profit belonging to shareholders of listed companies reached 4.091 billion yuan, an increase of 43.75% over the same period last year.

In the annual report, Nanjing Iron and Steel Co., Ltd. described the business highlights of the company in 2021, pointing out that during the reporting period, the company persisted in making refined and strong special steel products, and the variety structure was continuously optimized, with a year-on-year gain of 294 million yuan. And the company's special steel products are widely used in 70 Yuge major projects abroad, at the same time, the company's external standard high-grade bearing steel, high-quality spring steel, automotive key parts steel and other high-end products continue to expand, high-end customer base continues to expand.

In 2021, Nanjing Iron and Steel Co., Ltd. actively broke through the layout of the upper and lower reaches of the industrial chain. the upstream industrial chain built an overseas coke production base in the Castle Peak Industrial Park in Indonesia, and jointly set up Jinrui New Energy in Indonesia and Jinxiang New Energy in Indonesia. we will build coke projects with an annual output of 2.6 million tons and 3.9 million tons respectively, totaling 6.5 million tons. After fully reaching production, it is expected to become the new business section of the company; in the new fine chemical track, Nanjing Iron and Steel Co., Ltd. has extended its industry to the field of new materials, and substantial progress has been made in the acquisition of Wansheng shares. The registration of new shares is expected to be completed in April 2022.

Precisely because Nangang shares actively optimized the product structure and laid out the upstream and downstream industrial chains, during the reporting period, they actively responded to the challenges such as the impact of the epidemic, the flood situation, and the rise in raw material prices, and responded positively to the requirements of the domestic "double carbon", "double limit" and "double control" policy. persist in refining and strengthening special steel, the volume of core high-end products and profit contribution continue to improve, and achieve steady growth in business performance.

Nanjing Iron and Steel Co., Ltd. is a leading iron and steel joint venture with an annual production capacity of 10 million tons of iron and steel. With special plate and special steel as the leading products, we focus on the research, development and promotion of high strength, high toughness, high fatigue, high wear resistance, corrosion resistance, easy welding and other special steels. it is widely used in oil and gas equipment, new energy, ship and marine engineering, automobile bearing spring, construction machinery and rail intersection, bridge high-end construction structure and other industries (fields), to provide new materials for national key projects, high-end manufacturing upgrading.

In 2021, Nanjing Iron and Steel Co., Ltd. achieved steel sales of 10.4037 million tons, an increase of 2.11% over the same period last year. Among them, the annual sales of special plate, special steel and construction thread are 5.3383 million tons, 3.0111 million tons and 2.0543 million tons respectively.