Sangang Minguang’s net profit increases by 61.87 percent in Q1

Thursday, 29 April 2021 12:00:16 (GMT+3)   |   Shanghai
       

Fujian Province-based Chinese steelmaker Fujian Sangang Minguang Co. (Sangang Minguang) has announced that in the first quarter of the current year its operating revenue amounted to RMB 14.523 billion ($2.2 billion) and its net profit reached RMB 924 million ($142.4 million), up 36.28 percent and 61.87 percent, respectively, year on year

Sangang Minguang’s annual crude steel production capacity totals 12.0 million mt.


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