[ferro-alloys.com]

  In the first quarter of 2021, Daming international made a profit of 210.5 million yuan on a year-on-year basis. The sales volume and processing capacity of stainless steel increased by 25.8% and 29.8% respectively on a year-on-year basis

  According to the data released by Daming international on April 23, in the first quarter of 2021, the sales volume and processing capacity of stainless steel processing services reached 43038700 tons and 6611730000 tons respectively, with a year-on-year growth of 25.8% and 29.3% respectively; The sales volume and processing capacity of carbon steel processing services reached 68872200 tons and 83885700 tons respectively, with a year-on-year growth of 49.2% and 59.7% respectively; The revenue of manufacturing business was about 412.9 million yuan, with a year-on-year growth of 38.4%.

  In this quarter, its sales reached 9.558.5 billion yuan, a year-on-year increase of 53.3%; The unaudited net profit reached 210.5 million yuan, which turned into profit from a net loss of 30 million yuan in the same period of last year.

  Daming International said that the year-on-year increase in sales and net profit in the quarter was mainly due to the improvement of the group's operating efficiency and processing capacity, the recovery of domestic commercial activities, which led to increased demand and the rise of steel market prices.

• [Editor:Catherine Ren]