Home / Metal News / Steel & Iron Ore / Songshan's performance in 2021 of Shaoguan Iron and Steel Co., Ltd. increased by 3.27% compared with the same period last year. The first quarter of 2022 decreased by 73.07% and 78.6%.
Songshan's performance in 2021 of Shaoguan Iron and Steel Co., Ltd. increased by 3.27% compared with the same period last year. The first quarter of 2022 decreased by 73.07% and 78.6%.
Apr 18, 2022 15:43CST
[Songshan's 2021 performance of Shaoguan Iron and Steel Co., Ltd. increased by 3.27% over the same period last year. In the first quarter of 2022, the performance of Songshan of Shaoguan Iron and Steel Co., Ltd. was reduced by 73.07%. KuaiBao, Songshan of Shaoguan Iron and Steel Co., Ltd. achieved a total operating income of 45.482 billion yuan in 2021, an increase of 44.13% over the same period last year. The net profit of shareholders belonging to listed companies reached 1.922 billion yuan, up 3.27% from the same period last year. On the same day, in the pre-increase announcement of the first quarter results disclosed by Songshan of Shaoguan Iron and Steel Co., Ltd., the net profit income for the first quarter is expected to be 89 million yuan to 112 million yuan, down 73.07% and 78.6% from the same period last year.

Songshan of Shaoguan Iron and Steel Co., Ltd. recently released its annual performance KuaiBao. Data show that the total operating income of Songshan of Shaoguan Iron and Steel Co., Ltd. reached 45.482 billion yuan in 2021, an increase of 44.13% over the same period last year. The net profit of shareholders belonging to listed companies reached 1.922 billion yuan, an increase of 3.27% over the same period last year.

The report disclosed the operating data of Songshan of Shaoguan Iron and Steel Co., Ltd. in 2021, the output of iron, steel and timber was 6.61 million tons, 8.02 million tons and 7.86 million tons respectively, up 1.4%, flat and 2.3% respectively over the same period last year. The annual sales of commodity billets were 8.94 million tons, an increase of 8.6% over the same period last year. For the whole year, the operating income was 45.5 billion yuan, an increase of 44.13% over the same period last year, and the net profit belonging to shareholders of listed companies was 1.922 billion yuan, an increase of 3.27% over the same period last year.

Songshan of Shaoguan Iron and Steel Co., Ltd. said that the steel industry is running well in 2021, with an increase in steel prices and sales compared with the same period last year, driving the growth of operating revenue.

On the same day, in the pre-increase announcement of first-quarter results disclosed by Songshan of Shaoguan Iron and Steel Co., Ltd., Songshan of Shaoguan Iron and Steel Co., Ltd. is expected to achieve net profit income of 89 million yuan to 112 million yuan in the first quarter, down 73.07% Mel 78.6% from the same period last year. In the analysis of the reasons for the pre-increase in performance, Songshan said that in the first quarter of 2022, the No. 7 blast furnace was still in the overhaul period, there was no production in the whole season, and steel output decreased by 26% compared with the same period last year; at the same time, the spread of the epidemic had a greater impact on the downstream steel demand; in addition, coal prices rose sharply, scrap prices also rose to a certain extent, resulting in a decline in the company's performance compared with the same period last year.

Songshan
Shaoguan Steel
2021
performance KuaiBao
2022
first quarter
performance pre-increase

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