The seven most popular listed steel companies repo

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Seven listed steel enterprises reported a loss of 18.2 billion. Baosteel earned 10 billion last year against the trend. In 2012, Baosteel was jokingly called the "doomsday year of rapid growth of steel enterprises with the growth of oil prices". None of the leading central enterprises and local large enterprises was spared from the sharp decline in performance. Baosteel has maintained close and stable cooperative relations with many well-known domestic universities and scientific research institutes. Yesterday, the annual report released by Baosteel, a leading domestic steel enterprise, showed that the company realized a net profit of 10.4 billion last year against the trend, an increase of 40% year-on-year. However, after deducting non recurring profits and losses, Baosteel's actual net profit last year was only 4.7 billion, a year-on-year decrease of 30%. Shandong Iron and steel lost 3.8 billion yuan in the annual report released on the same day, ranking third only to Angang and Maanshan Iron and steel

Baosteel's "meat cutting" net profit increased by 40%

the annual report shows that Baosteel achieved a revenue of 191.136 billion yuan in 2012, a year-on-year decrease of 14.1%; The net profit attributable to the listed parent company was 10.386 billion, an increase of 41.1% year-on-year

the reason why Baosteel bucked the trend in the iron and steel industry full of woes was that last year, Baosteel sold the stainless steel and special steel assets with losses to the supply chain management group, thus making a profit of about 9.6 billion yuan at one stroke. However, in the fourth quarter of last year, Baosteel also shut down the Luojing plant, which continued to suffer losses, thus making provision for asset impairment of about 2.7 billion yuan

therefore, after deducting non recurring profits and losses, Baosteel's actual net profit last year was 4.72 billion, a year-on-year decrease of 32.7%

according to the industry, one-off transactions such as non recurring profits and losses have become "life-saving artifact" for steel enterprises. Just the day before, Chongqing Iron and Steel said in its annual report that it had turned losses into profits, with a net profit of 98.81 million yuan, but its net profit after deducting non recurring profits and losses (mainly government relocation subsidies of 2billion yuan) was a huge loss of 1.869 billion yuan

7 listed steel enterprises reported a loss of 18.2 billion

Baosteel's report card last year was still better than other large steel enterprises prone to losses and sharp decline in performance. Yesterday, the annual report of Shan steel showed that when the operating income reached 73.3 billion yuan last year, a year-on-year decrease of 12.28%, Shan steel turned from a profit of 583million yuan in 2011 to a loss of 3.836 billion yuan

at this point, another steel enterprise with huge losses has been added. Prior to that, Anshan Iron and steel had a loss of 4.157 billion yuan; Masteel lost 3.863 billion yuan; Anyang Iron and steel lost 3.498 billion yuan; St Shaogang lost 1.9 billion yuan, Nangang 566million yuan and HANGGANG 379million yuan. As of yesterday, a total of 15 listed steel enterprises in the two cities had issued their 2012 annual reports, and the above seven steel enterprises with losses had a total loss of 18.2 billion yuan

in 2011, among the 34 listed companies in the iron and steel sector, only Angang, Chongqing Iron and steel and s "1035" biodegradable materials will have more development opportunities, and t Shaoguan Iron and steel will suffer losses, with a total loss of nearly 4.8 billion. In 2010, only Valin steel [0.00% Capital Research Report] lost 2.64 billion yuan

the good news is that some steel enterprises began to "turn around" in the first quarter of 2013. Yesterday, Angang Steel shares released a performance forecast that the company expected to achieve a net profit of 550million yuan in the first quarter, while the company suffered a loss of 1.88 billion yuan in the same period last year. Angang Steel said that since the fourth quarter of last year, the company's operating performance has gradually improved, and it turned losses into profits in December last year

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