Jiangsu Shagang's revenue and net profit both decreased in the first half of the year. Seeking new breakthroughs in gear business acquisition | Interpretations of financial reports.
1. In the first half of the year, Jiangsu Shagang's revenue and net income decreased year-on-year, but it still maintained profitability in a severe market environment; 2. The steel industry presents a state of "high output, high cost, low price and low efficiency", with widespread losses in the industry; 3. Jiangsu Shagang completed the acquisition of Shandong Yinglun, forming a business model combining "special steel + gears", which may bring certain growth in the annual report.
China's Shanxi Province Records 78% Jump in Exports in January-October Period
Baowu Leads Global Alliance to Cut Carbon Emissions in Steel Industry
Jiangsu Shagang Teams Up with Brazil’s Vale for Green Steelmaking
Vale says Onça Puma mine activities again stopped by court
Vale to develop decarbonization solutions with China's Jiangsu Shagang