Valin Steel swings to sharp profit in 2017; NISCO gains nine-fold margin

sxcoal.com Company,  Cost & Profit 2018-02-13 10:18:00


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)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editors Recommendations

1 China Yangtze Power Q3 power output up 10% on yr 2018-10-18

China Yangtze Power Co., Ltd said its power generation totaled 82.79 TWh during the third quarter this year, an increase of 9.85% from the same period last year, said the company in its quarterly anno

2 China Coal Daily Track (Oct 18) 2018-10-18

Thermal coal Domestic market Production area Coal prices continued the upbeat trend in major production areas. Some miners adjusted up prices by 30-40 yuan/t at a time in the central Sha

3 Xinjiang solar power curtailments drop significantly in Sep 2018-10-18

Northwestern China's Xinjiang autonomous region saw a marked decrease in solar power waste last month, according to the regional development and reform commission. In September, Xinjiang

4 Inner Mongolia Jan-Sep power output up 13% YoY 2018-10-18

Utilities with capacity of 60 GW and above generated a total 366.4 TWh of electricity in northern China's Inner Mongolia autonomous region in January-September, up 12.92% from a year ago, showed data

5 China's thermal coal prices may further jump after CHN Energy's adjustment 2018-10-18

Major coal producers are expected to follow suit after China Energy Investment Corporation (CHN Energy) adjusted up its spot prices lately, which may further shore up thermal coal market.

6 Spot prices continue to increase in Chinese thermal coal market 2018-10-18

China's spot thermal coal prices have been moving up so far this month at northern transfer ports, given resilient pre-winter buying from power plants and bullish sentiment. Though trader

7 China's import coal traders anticipate demand rebound in Nov 2018-10-18

Lots of traders are anticipating a strong rebound of demand in November in China's thermal coal import market, as utilities' purchase may brisk up again prior to the release of next year's import quot

8 Coke stocks linger low at Chinese coking and steel plants 2018-10-18

Coke stocks hovered at relative low levels at both coking and steel plants in China, which, combined with climbing demand, helped shore up prices of the steelmaking material. The coke mar

9 CHN Energy raises spot thermal coal price again this mth 2018-10-18

China's coal conglomerate CHN Energy roared the spot market with another 23 yuan/t hike, following 18 yuan/t rise already made at the beginning of the month, sources disclosed. The

10 Shandong to boost "road-to-rail" transport of bulk commodities 2018-10-18

Shandong will boost the conversion from road to rail transport of bulk commodities, in an effort to promote its transport structural adjustment, according to provincial officials. The pro

Most Read Articles

1 Ganqimaodu Jan-Aug coking coal imports at 26.56% of China's total 2018-10-08

Ganqimaodu border crossing in China's Inner Mongolia imported 11.59 million tonnes of coking coal from the neighboring Mongolia over January-August this year, falling 1.76% from the year-ago level but

2 Continued import curbs and short supply underpin China coal prices 2018-10-11

China's port thermal coal prices were well propped up by persistently tight controls on imports alongside production constraints at mines for environmental clear-up. Relevant government d

3 China spot thermal coal prices close to 650 yuan/t; import curbs likely to remain 2018-10-09

China's thermal coal market moved steadily upward after the weeklong National Day Holiday, with many spot coal traders elbowing up offer prices, pushing up spot price of 5500 Kcal/kg NAR thermal coal

4 QHD port stocks fall to half-yr low; bullishness shines in Chinese market 2018-10-11

Coal stocks have tumbled drastically to below 5 million tonnes at northern China's Qinhuangdao port recently, paving the way for a likely coal price rise in the future. Eyeing such

5 Shanxi to cut coking capacity, coke output to cut toxic emission 2018-10-10

Shanxi province, a major coal mining hub in northern China, vowed to cut coking capacity and annual coke output, according to a government statement on October 9, in line with a long-term drive to red

6 China's QHD port remains irreplaceable to coal shipment 2018-10-11

China's Qinhuangdao port, as a barometer of thermal coal market and stabilizer of coal prices, is proven irreplaceable to coal shipment, mainly a transfer center for cargoes from production areas to c

7 China Sep coal imports decline as demand falls 2018-10-12

China imported 25.14 million tonnes of coal in September, falling 7.18% from the year prior and down 12.35% from August, showed data from the General Administration of Customs (GAC) on October 12.

8 Mongolia Sep coal exports soar 55.38% on yr 2018-10-12

Mongolia exported 3.58 million tonnes of coal in September, soaring 55.38% on the year and 20.09% on the month, data from the National Statistics Office showed. In January-September, coal

9 India's coal import rises 35% to 21.1 mln T in Sep 2018-10-08

India's coal import increased substantially by 35% to 21.1 million tonnes in September, as against 15.61 million tonnes in the corresponding month previous fiscal. The rise in imports comes at a time

10 Peabody Energy to shut parts of Queensland mine after fire 2018-10-12

Coal miner Peabody Energy said on October 11 it intends to permanently seal the area where high methane levels have been concentrated after it reported fire in parts of its North Goonyella mine in Aus