On April 19, Liaoning-based Chinese steel producer Anshan Steel posted a net profit of RMB 727 million ($106 million) for 2009, down 75.61 percent year on year. Meanwhile, its earnings per share were RMB 0.10 ($0.014), down 75.73 percent year on year.
According to the financial report, the company registered a total revenue of RMB 70.126 billion ($10.23 billion) in 2009, down 11.92 percent year on year. Meanwhile, in the year in question the company produced 20.51 million mt of pig iron, up 27.56 percent year on year; 20.07 million mt of crude steel, increasing by 25.46 percent year on year and 19 million mt of finished steel, up 26.79 percent compared with 2008. In 2009, the company sold 18.62 million mt of finished steel, up 22.23 percent year on year.
$1 = RMB 6.84