[Ferro-Alloys.com] 

12 Steel Enterprises Profits in 2020

The China Iron and Steel Industry Association’s 2020 information conference, held on January 27, said, According to the preliminary statistics of China Iron and Steel Industry Association, in 2020, the sales revenue of iron and steel enterprises reached 47.033 billion yuan, an increase of 10.86% over the same period last year; Sales costs reached 42.3666 billion yuan, an increase of 11.57% over the same period last year, and the cost increase was greater than the revenue increase of 0.71 percentage points; Realize profit and tax 308.3 billion yuan, an increase of 7.00% over the same period last year; Total profits reached 207.4 billion yuan, an increase of 6.59% over the same period last year; The average sales profit margin reached 4.41 percent, down 0.18 percentage points from the same period last year.

 

According to incomplete statistics, 12 steel enterprises, such as Baosteel, Angang, Valin and Shan Gang, have announced their profits in 2020, as follows:

 

Baosteel: The net profit of Baosteel shares attributable to shareholders of listed companies in 2020 will increase by 100~700 million yuan compared with the same period last year, an increase of 1%~6% over the same period last year, and the net profit attributable to shareholders of listed companies in the same period last year is 12.423 billion yuan.

Angang Group: In 2020, Angang Group realized a total profit of 6.548 billion yuan, an increase of 178.5 yuan over the same period last year, and a net profit of 4.01 billion yuan, an increase of 3.697 billion yuan over the same period last year.

Valin Steel Group: By 2020, Valin Steel is expected to achieve a net profit of 6.3~6.5 billion yuan attributable to shareholders of listed companies.

Shan Gang Group: In 2020, Shan Steel achieved operating income of more than 200 billion yuan, an increase of 13.7% over the same period last year, and total profits of 24.8% over the same period last year.

Angang Group: In 2020, Angang achieved sales revenue of 49.3 billion yuan, an increase of 2.2 billion yuan, profits and taxes of 1.8 billion yuan, an increase of 130 million yuan.

Xintian Steel Group: In 2020, Xintian Steel achieved sales revenue of 84.9 billion yuan, total profits of 4.03 billion yuan, tax revenue of 1.5 billion yuan.

Liugang Group: In 2020, Liugang realized operating income of 117.401 billion yuan, profit of 5.251 billion yuan.

Jiugang Group: In 2020, Jiugang is expected to complete operating income of 114.1 billion yuan, an increase of 10.2% over the same period last year, and complete profits of 1.01 billion yuan, an increase of 234.4% over the same period last year.

Bayi Steel: With a net profit of 290~353 million yuan, an increase of 160.93%~217.62% over the same period last year.

Jingye Group: In 2020, the operating income of the Group reached 224.4 billion yuan, an increase of 96% over the same period last year, with a tax of 3.9 billion yuan.

Yonggang Group: In 2020, Yonggang Group achieved revenue of 101 billion yuan, profits and taxes of 6 billion yuan.