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Mar.29.2024 1USD=7.095RMB
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Chongqing Steel’s Net Profit Expected to Increase 425%-510%

https://en.steelhome.com [SteelHome] 2019-01-29 08:47:13

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According to the announcement on estimated growth for the annual results of 2018, the increase in net profit attributable to the shareholders of the listed company as recorded by Chongqing Steel for 2018 is expected to range from RMB1,360 million to RMB1,632 million, representing a year-on-year increase from 425% to 510%.

Based on the preliminary estimate by the finance department, it is expected that the increase in net profit attributable to the shareholders of the listed company for 2018 would range from RMB1,360 million to RMB1,632 million compared with that of the corresponding period of the previous year (statutory disclosure), representing a year-on-year increase from 425% to 510%.

The increase in net profit attributable to the shareholders of the listed company after deducting non-recurring gain or loss would range from RMB3,477 million to RMB3,749 million compared with that of the corresponding period of the previous year (statutory disclosure).

To accomplish the objective of “full production and sales”, the Company put great efforts in guaranteeing the supply of bulk raw materials and fuels and equipment support, and optimized the allocation of production lines as well as the process and flow. The Company carried out key work relating to “full production and sales, optimization of product portfolio, innovation in management to improve efficiency; cost control, lean operations, market exploration, production stability and supply guarantee”, to give full play to the capacity of existing production lines and achieve stable and high yield.

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