Xining Special Steel announced that, according to preliminary calculat

Published: Jul 19, 2023 11:21

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Xining Special Steel announced that, according to preliminary calculations by the Finance Department, it is expected that the net profit attributable to the listed company shareholders for the first half of 2023 will be approximately -1.06 billion yuan, a decrease of approximately 155.50% year-on-year. In the first half of 2023, the steel industry still operates at a low level, steel prices show a volatile trend, and have not been able to effectively rise, at the same time, affected by the company's lack of funds, steel production has not met expectations, and business has continued to suffer losses.

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