According to its newly-issued financial results, in 2009 Chinese steel producer Nanjing Iron and Steel Co. saw its total operating revenue decrease by 17.81 percent to RMB 23.304 billion ($3.41 billion), while its net profit increased to RMB 138 million ($20.21 million), up 13.76 percent year on year. Meanwhile, the company's earnings per share in 2009 came to RMB 0.08.
In 2009, Nanjing Steel produced 5,501,300 mt of crude steel, 6,031,800 mt of pig iron and 4,738,600 mt of finished steel, up 10.79 percent, 17.33 percent and 11.47 percent year on year respectively. Among the finished steels, the output of medium plate and medium and thick plate combined totaled 3,135,700 mt, registering an increase of 3.28 percent compared with the previous year.
As for 2010, the steelmaker states that it is targeting 5.6 million mt of crude steel, 6.2 million mt of pig iron and 4.79 million mt of finished steel output, as well as RMB 2.34 billion ($342.73 million) in operating revenue and a 100 percent sales/output ratio. The company is also targeting RMB 673 million ($98.57 million) in fixed asset investments during the year, including fix asset overhauls.