Xinyu Steel’s net profit up 119.88 percent in H1

Wednesday, 25 August 2021 11:48:50 (GMT+3)   |   Shanghai
       

Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co., Ltd. issued its financial report for the first half this year, announcing that it registered an operating revenue of RMB 54.609 billion ($8.4 billion) in the given period, up 71.31 percent year on year, while posting a net profit of RMB 2.405 billion ($0.37 billion) for the given year, up 119.88 percent year on year.

Xinyu Iron and Steel Group has an annual capacity of crude steel of more than 10 million mt.


Most Recent Related Articles

Taigang Stainless Steel expects rise of 516.6-553.97 in net profit for Jan-Sept

China’s HBIS expects 98.23-106.85% rise in net profit for Jan-Sept

Sangang Minguang expects 28.16% drop in net profit for Q3

Ansteel’s net profit expected to rise by 466.04 percent in Jan-Sept

MOC: Average steel prices in China move up last week