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.

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