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We will deepen reform to address market risks
« on: Apr 27th, 2018, 9:14pm » |
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After China bao wu iron and steel group, baosteel released last year's annual report information for business performance record, China's treasure, the operations of the latest released the first quarter of this year, profits continue to maintain rapid growth, with diameter schedule and over budget.
Chen dewing, general manager of China's baowu group, said the company continued to maintain its growth momentum. Reform and innovation are advancing further, and the integration and integration within the group is also deepening, so as to respond to and guard against all kinds of risks that may arise in the market. At the same time, there are industry analysts believe that due to the American trade protectionism took the lead in the field of iron and steel "operation", the global steel trade patterns could now quite variable, although little impact on China's steel industry directly, but indirectly forecast to long-term impact is also full.
Performance indicators continued to grow.Tubo de acero inoxidable TP304 de alta calidad ASTM A312
According to the Chinese group's latest news, treasure in the first quarter this year, the group company each unit capture environmental limit production, steel market picks up the favorable opportunity, continue to maintain arapid growth profits with diameter and over budget schedule. Among them, the crude steel output of the steel industry development center increased year on year, and the profit and other operating performance indicators reached the expected target. In the first quarter of the service industry development center overall profit and other indicators also exceeded the budget progress; Industrial financial development center in the "de-leveraging, strict supervision" industry background, the first quarter key performance indicators remain stable.Precio de alambre de acero inoxidable de alta calidad 304 0.5mm
Baosteel bao wu group's listed companies in China in the first quarter of this year the production operation smoothly and orderly, cost-cutting got off to a good start, business performance remain high, the financing efficiency is better than a year ago, progress was made in intelligent manufacturing and environmental management. Wisco group, accelerate the industry consolidation layout, speed up the construction of marketization of management mechanism, strengthen construction of ability of system is focused on the new city industrial services, first-quarter profit main indexes such as compared to continue to improve.
The reporter noted that baosteel's previous annual report mentioned the highlights of the company during the reporting period. First, the business performance has been greatly improved. Baosteel's annual cost reduction of 6.11 billion yuan last year, exceeding the expected annual target; Profits totaled 24.04 billion yuan, a record high, up 102 percent from the previous year. The cash flow of operating activities was 33.08 billion yuan, an increase of 48% over the previous year. The second is the rapid release of synergies. According to the "unity, integration, integration, combining" the overall path, comprehensive promote the integration of baosteel and wuhan, obtained results exceeded expectations, wisco into the part of listed companies throughout the year net profit of 590 million yuan, up 338% from a year earlier. Third, continuous development of steel products. Four products, such as corrosion resistant martensitic stainless steel composite board, have been launched in the world. Fourth, zhanjiang steel overall profit. The construction of zhanjiang steel has been completed and put into operation. The main processes are stable and overproduction, and the technical and economic indicators have been improved rapidly. The net profit of the whole year was 2.31 billion yuan.
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