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Apr.20.2024 1USD=7.1046RMB
  SteelHome >>Steel>>Steelmakers' Info>>Industry Dynamics
 
China’s Nanjing Steel Earned Net Profit of 4 Billion Yuan in 2018

https://en.steelhome.com [SteelHome] 2019-03-26 09:55:06

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According to the annual report released by Nanjing Steel on the evening of March 22, the company's operating income in 2018 was 43.647 billion yuan, an increase of 16.08% over the same period of last year; net profit was 4.08 billion yuan, up 25.24% on a yearly basis.

Business Indicators

Oct.-Dec., 2018

Oct.-Dec., 2017

Change%

Note

Steel Flats

 

Output

104.39

120.93

-13.68

in 10,000 tons

Sales

101.87

119.36

-14.65

in 10,000 tons

Average sales price

4,471.02

3,851.27

16.09

yuan per ton, tax excluded

Steel Bars

 

Output

77.7

81.21

-4.32

in 10,000 tons

Sales

79.45

76.43

3.95

in 10,000 tons

Average sales price

3,821.85

4,160.00

-8.13

yuan per ton, tax excluded

Wire Rods

 

Output

12.97

10.85

19.54

in 10,000 tons

Sales

13.13

9.96

31.83

in 10,000 tons

Average sales price

4,115.99

4,227.30

-2.63

yuan per ton, tax excluded

Steel Strip

 

Output

11.23

12.22

-8.1

in 10,000 tons

Sales

10.64

12.14

-12.36

in 10,000 tons

Average sales price

3,886.31

3,800.20

2.27

yuan per ton, tax excluded

Section Steel

 

Output

5.09

4.62

10.17

in 10,000 tons

Sales

4.99

4.73

5.5

in 10,000 tons

Average sales price

4,990.36

4,261.48

17.1

yuan per ton, tax excluded

About Nanjing Steel

Nanjing Iron and Steel Co., Ltd. is a leading large-scale iron and steel joint venture in China. The company's iron and steel business includes steel production, sales, processing and distribution, while engaged in energy and environmental protection, information technology, e-commerce, modern logistics and other businesses. The company's steel products cover medium and heavy plates (coils), bars and rods, strips and section steels, with an annual production capacity of 9 million tons of pig iron, 10 million tons of crude steel and 9.4 million tons of steel products.


(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932)
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