On April 27, Gansu Province-based steelmaker Jiu Steel Hongxing released its 2008 annual report.
In 2008, the company registered sales revenues of RMB 32.481 billion ($4.76 billion), up RMB 10.162 billion ($1.49 billion) or 45.53 percent year on year. Meanwhile, the company's net profit for the year in question was RMB 34 million ($4.99 million), down RMB 765 million ($110 million) or 95.74 percent compared with the previous year.
The producer's detailed output figures for 2008 are as follows:
Products | Output in 2008 (10,000 mt) | Change year on year (10,000 mt) | Change year on year (%) |
419 | -45 | -9.70 | |
Crude steel | 445 | -24 | -5.12 |
Finished steel | 223 | 9 | 4.21 |
78 | -2 | -2.5 | |
Steel bar | 47 | 6 | 14.63 |
Flat rolled | 98 | 4 | 4.25 |