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Ranking of net profits for 28 steel companies in China!

2021-11-05View Original

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Baosteel Co., Ltd. posted a net profit of 29.1 billion yuan. On the evening of October 29, Baosteel Co., Ltd., a listed company under the state-owned steel enterprise China Baowu, released its financial results for the third quarter of 2021. In the first three quarters of the year, the company achieved operating revenue of 279 billion yuan, a 38.9% increase compared to the previous year ; The total profit reached 29.1 billion yuan, a year-on-year increase of 161.6%, setting a new record for the same period; the net profit for the first three quarters was 21.59 billion yuan, representing a year-on-year increase of 174.53%. Ansteel Group: Achieved total profit of 23.1 billion yuan From January to September, Ansteel Group achieved a total profit of 23.2 billion yuan, setting a new historical record ; Total profit ranks among the top three for large and medium-sized steel enterprises as listed by the China Iron and Steel Association ; The reform of the three systems is progressing smoothly, with continuous improvements in corporate efficiency and employees’ incomes ; A diversified and multi-level incentive mechanism has been established, effectively stimulating employees’ enthusiasm for working hard and pursuing innovation. Liugang Group: Exceeding 9 billion yuan in the first three quarters, Liugang Group achieved total operating revenue of 98.998 billion yuan and profits of 9.02 billion yuan, resulting in a significant enhancement in its overall competitiveness. Hualing Steel: 7.764 billion yuan. On October 25, Hualing Steel released its report for the third quarter of 2021. In the third quarter, the company achieved operating revenue of 50.377 billion yuan, a 63.21% increase compared with the same period of the previous year ; The net profit attributable to the shareholders of the listed company was 2.189 billion yuan, an increase of 20.68% compared with the same period of the previous year. In the first three quarters, Hualing Iron & Steel achieved operating revenue of 135.224 billion yuan, a 63.06% increase compared with the same period last year ; The net profit attributable to the shareholders of the listed company was 7.764 billion yuan, representing a growth of 60.50% compared with the same period of the previous year. All reached the best levels in the same period of history. The net profits of its subsidiary companies, Hualing Xianggang, Hualing Liangang, Hualing Steel Pipe, and the Automotive Sheet Company, increased by 47.35%, 79.32%, 48.83%, and 52.68% respectively on a year-on-year basis, maintaining high profit levels. Taiyuan Iron and Steel Stainless Steel: 6.797 billion yuan. On October 29, Taiyuan Iron and Steel Stainless Steel announced that it had achieved a net profit of 2.062 billion yuan in the third quarter, a year-on-year increase of 329.23% ; Net profit for the first three quarters amounted to 6.797 billion yuan, a year-on-year increase of 534.98%. MAG Group: 6.527 billion yuan. MAG Group announced that it achieved a net profit of 1.88 billion yuan in the third quarter, a year-on-year increase of 152.79% ; Net profit for the first three quarters amounted to 6.527 billion yuan, a year-on-year increase of 319.13%. CITIC Special Steel: The first third-quarter report in the Shenzhen stock market has been released, showing revenues of 6.062 billion yuan. CITIC Special Steel’s total operating revenue for the first three quarters reached 74.216 billion yuan, a year-on-year increase of 33.04% ; Net profit was 6.062 billion yuan, a year-on-year increase of 39.42%. During the reporting period, the prices of major raw materials such as domestic ore sand and coking coal rose, prompting an increase in the selling prices of the company’s products. At the same time, the company continued to strive for higher quality and better performance in its products, leading to an optimization of its product portfolio and consequently higher selling prices. Shougang Co., Ltd.: 5.824 billion yuan. In the performance report for the third quarter released on the evening of October 29, it was stated that in the first three quarters of 2021, the company achieved operating revenues of around 99.59 billion yuan, a year-on-year increase of 81.95% ; The net profit attributable to the shareholders of the listed company amounted to approximately 5.824 billion yuan, representing a year-on-year increase of 400.69%. Shougang Co., Ltd. announced that it expects the net profit attributable to the shareholders of the listed company for the first three quarters of 2021 to be between 5.64 billion yuan and 6.04 billion yuan, representing a year-on-year increase of 380%–414% ; Among them, the net profit attributable to the shareholders of the listed company in the third quarter was between 2.207 billion yuan and 2.607 billion yuan, representing a year-on-year increase of 238% to 300%. The company completed the issuance of shares to acquire assets, increasing its shareholding in Shougang Jingtang Iron and Steel Joint Liability Company, thereby further enhancing its overall profitability. Baogang Steel Co., Ltd.: 3.778 billion yuan. On October 30, Baogang Steel Co., Ltd. (600010) released its report for the first three quarters of 2021. During this period, the company achieved operating revenues of 63,996,224,555.72 yuan, a year-on-year increase of 47.50% ; The net profit attributable to the shareholders of the listed company was 3,777,877,172.10 yuan, representing a year-on-year increase of 2,159.81%. Benxi Steel Plate: 3.777 billion yuan. Benxi Steel Plate announced that in the first three quarters of 2021, the company achieved operating revenue of 61.427 billion yuan, a year-on-year increase of 76.25% ; The net profit attributable to shareholders of the listed company was 3.777 billion yuan, a year-on-year increase of 1232.40%. In the third quarter of 2021, the company achieved operating revenue of 22.839 billion yuan, a year-on-year increase of 80.30% ; The net profit attributable to shareholders of the listed company was 1.569 billion yuan, a year-on-year increase of 5334.49%. Nangang Steel Co.: 3.469 billion yuan. On October 30, Capital Bang learned that Nangang Steel Co., a company listed on the A-share market, released its financial results for the first three quarters of 2021. From January 1, 2021, to September 30, 2021, the company achieved operating revenue of 59.155 billion yuan, a year-on-year increase of 53.02%. Its net profit reached 3.469 billion yuan, up 72.86% from the same period last year. The basic earnings per share stood at 0.57 yuan. Xingang Steel: 3.43 billion yuan. Xingang Steel announced that its operating revenue for the first three quarters was 85.445 billion yuan, a year-on-year increase of 64.55% ; Net profit was 3.43 billion yuan, a year-on-year increase of 81.78%. Net profit in the third quarter was 1.025 billion yuan, a year-on-year increase of 29.25%. Sangang MinGuang: 3.359 billion yuan. On October 27, Sangang MinGuang released its report for the first three quarters of 2021. During this period, the company’s operating revenue reached 48,655,758,815.14 yuan, a year-on-year increase of 38.25% ; Net profit amounted to 3,358,542,578.96 yuan, representing a 70.14% increase compared to the previous year. Jiugang Hongxing: 2.48 billion yuan. Jiugang Hongxing announced that it achieved a net profit of 536 million yuan in the third quarter, a year-on-year increase of 21.44% ; In the first three quarters, the net profit reached 2.48 billion yuan, a year-on-year increase of 592.65%. HBIS Group: 2.369 billion yuan. HBIS Group announced that its net profit in the third quarter was 848 million yuan, representing an 80.04% increase compared to the adjusted figure from the previous year. In the first three quarters, operating revenue amounted to 121.747 billion yuan, representing a year-on-year increase of 50.84% ; The net profit was 2.369 billion yuan, representing a 104.15% increase compared to the adjusted figure of the previous year. Liugang Steel Co.: 2.303 billion yuan. Liugang Steel Co. announced that it achieved a net profit of 416 million yuan in the third quarter, a decrease of 9.62% compared to the previous year ; Net profit for the first three quarters amounted to 2.303 billion yuan, representing a year-on-year increase of 85.64%. Bayi Iron & Steel: 2.229 billion yuan. On October 30, Bayi Iron & Steel released its third-quarter report for 2021. From January to September 2021, the company achieved operating revenue of 23.814 billion yuan, a year-on-year increase of 51.98%. The net profit attributable to the shareholders of the listed company was 2.229 billion yuan, a year-on-year increase of 636.74%, with earnings per share amounting to 1.4520 yuan. Fangda Special Steel: 2.141 billion yuan. On October 30, Fangda Special Steel released its report for the first three quarters of 2021; during this period the company achieved operating revenues of 1,599,149,395.053 yuan, a year-on-year increase of 34.88% ; The net profit attributable to the shareholders of the listed company was 2,141,472,322.48 yuan, representing a year-on-year increase of 43.04%. Hangzhou Iron & Steel Co.: 1.619 billion yuan. Recently, Hangzhou Iron & Steel Co. released its report for the third quarter of 2021; the company achieved revenue of 38.864 billion yuan in those three quarters, representing a 69.36% increase compared to the same period last year after adjustments. The net profit attributable to the shareholders of the listed company was 1.619 billion yuan, representing a year-on-year increase of 118.57%. The net profit attributable to the shareholders of the listed company, after deducting non-recurring gains and losses, was 1.592 billion yuan, representing a year-on-year increase of 123.4%. The basic earnings per share was 0.48 yuan/share. Anning Shares: 1.19 billion yuan. On October 25, Anning Shares released its report for the first three quarters of 2021; during this period, its operating revenue amounted to 1,845,905,706.25 yuan, representing a 48.65% increase compared to the previous year ; The net profit was 1,189,571,198.06 yuan, representing a 128.01% increase in net profit compared to the previous year. Anyang Iron & Steel: 1.03 billion yuan. On October 29, Anyang Iron & Steel released its third-quarter report for 2021. In the first three quarters of this year, Anyang Iron and Steel achieved revenue of 37.8 billion yuan, a year-on-year increase of 67.01% ; The net profit attributable to the parent company amounted to 1.03 billion yuan, representing a year-on-year increase of 5,553.84%. In the third quarter, Anyang Iron and Steel achieved revenue of 13.6 billion yuan, a year-on-year increase of 53.95% ; The net profit attributable to the parent company was 260 million yuan, a decrease of 27.73% on a year-on-year basis. As of the end of September, Anyang Iron and Steel’s total assets amounted to 45.5 billion yuan, with net assets of 10.86 billion yuan. Shagang Co., Ltd.: 826 million yuan. On October 22, Jiangsu Shagang Co., Ltd., a listed company under Shagang Group – the largest private steel manufacturer in China – released its report for the third quarter of 2021. In the first three quarters of this year, Shagang Co., Ltd. achieved operating revenue of 14.065 billion yuan, representing a 35.37% increase compared to the same period last year ; The net profit attributable to the shareholders of the listed company was 826 million yuan, an increase of 90.76% on a year-on-year basis. Among them, operating revenue in the third quarter reached 4.782 billion yuan, a year-on-year increase of 22.21% ; The net profit attributable to shareholders of the listed company was 280 million yuan, a year-on-year increase of 54.91%. Fushun Special Steel: 685 million yuan. On October 31, Capital Bang learned that Fushun Special Steel, a company listed on the A-share market, released its financial results for the first three quarters of 2021. From January 1, 2021, to September 30, 2021, the company achieved operating revenue of 5.569 billion yuan, a year-on-year increase of 18.11%; its net profit was 685 million yuan, representing a year-on-year increase of 69.39%. The basic earnings per share was 0.35 yuan. Sinosteel International: 516 million yuan. Sinosteel International issued a statement stating that in the first three quarters of 2021, the company’s revenue amounted to 10.3 billion yuan, representing a year-on-year increase of 13.16% ; The net profit attributable to the shareholders of the listed company was 516 million yuan, representing a year-on-year increase of 73.79% ; Basic earnings per share is 0.4107 yuan. Yongxing Materials: 550 million yuan. On October 27, Yongxing Materials released its report for the first three quarters of 2021; during this period, its revenue amounted to 4,922,194,175.01 yuan, representing a 35.34% increase compared to the previous year ; The net profit was 550,354,317.65 yuan, representing a 116.61% increase in net profit compared to the previous year. Guangda Special Materials: 191 million yuan. Guangda Special Materials released its report for the third quarter of 2021; the company achieved revenue of 1.975 billion yuan in the first three quarters of that year, a year-on-year increase of 49.82% ; The net profit attributable to the parent company was 191 million yuan, a year-on-year increase of 37.2% ; Net profit after deducting non-recurring items was 169 million yuan, representing a year-on-year increase of 24.03%. Basic earnings per share is 1.08 yuan. The increase in net profit was mainly due to the rise in the company’s operating revenue from the beginning of the year to the end of the reporting period, which led to an increase in operating profit. Sinosteel Tianyuan: 154 million yuan. Sinosteel Tianyuan released its report for the third quarter of 2021; the company achieved revenue of 1.821 billion yuan in the first three quarters of that year, a year-on-year increase of 60.98% ; The net profit attributable to the shareholders of the listed company was 154 million yuan, representing a year-on-year increase of 27.63% ; The net profit attributable to the shareholders of the listed company, after deducting non-recurring gains and losses, was 111 million yuan, representing a year-on-year increase of 1.08% ; Basic earnings per share is 0.2239 yuan. Xining Special Steel: Loss of 218 million yuan. Xining Special Steel announced a net loss of 120 million yuan in the third quarter, with a total net loss of 218 million yuan for the first three quarters. It is the only company that has incurred losses, based on the information currently available. Steel Today

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