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SWHY: The progress of ultra-low emission transformation in Guangdong Province has accelerated, and the expectations for constraints on crude Steel supply have strengthened.
In the future, the Steel Industry will focus on two main lines: high-dividend symbols with stable performance and quality state-owned enterprises with a price-to-book ratio below one.
Shougang shares: report for the third quarter of 2024
Beijing Shougang (000959.SZ): The net income for the first three quarters was 0.204 billion yuan, a decrease of 78.57% year-on-year.
Gelonghui October 29th | Beijing Shougang (000959.SZ) released the third quarter report for 2024, achieving revenue of 81.97 billion yuan in the first three quarters, a decrease of 3.59% year-on-year; net income attributable to shareholders of listed companies was 0.204 billion yuan, a decrease of 78.57% year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 2.3091 million yuan, a decrease of 99.75% year-on-year; basic earnings per share were 0.0261 yuan.
Beijing Shougang (000959.SZ): Currently, the group's supply ratio of iron ore for production is about 50%.
Beijing Shougang (000959.SZ) stated on the investor interaction platform on September 12 that long-term procurement can improve the stability of raw material supply. Currently, the company's proportion of group-supplied iron ore for production is about 50%. After the production of Macheng iron ore, which is under construction, the company's iron ore resource guarantee capability will be further enhanced. The company uses waveband procurement methods, low inventory management, and reasonable hedging of risks.
Beijing Shougang: Half-year report for the year 2024.
Beijing Shougang: Summary of Half-Year Report in 2024.
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