Shenzhen-listed steelmaker Hunan Valin Steel Co., Ltd. made a large profit of 4.12 billion yuan attributable to shareholders in 2017, compared with a loss of 1.055 billion yuan a year ago, showed data in its annual report late January 12.
The company also posted EPS (earnings per share) of 1.3665 yuan in 2017, compared to -0.3499 yuan a year ago.
The company earned 76.51 billion yuan in 2017's business revenue, jumping 53.6% from a year ago.
In 2017, the company produced 17.32 million tonnes of crude steel and 16.66 million tonnes of steel products, both 12% more than the best levels in the history.
On the same day, Nanjing Iron & Steel Co., Ltd. (NISCO) also issued its 2017 annual report, saying it accomplished 3.2 billion yuan of net profit attributed to shareholders, soaring 804.73% on the year.
EPS were reported at 0.7856 yuan in 2017, compared with 0.0893 yuan a year ago.
The company planned to give dividend of 0.5 yuan per 10 shares to each shareholder.
The report also said the company's debt-to-assets ratio declined to 58.77% at the end of 2017 from 80.19% at the year's beginning.
In 2017, NISCO produced 9.85 million tonnes of crude steel and 8.89 million tonnes of steel products.
(Writing by Alex Guo Editing by Harry Huo)
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