The demand for ultra-supercritical coal-fired power units in the downstream continues to grow. Shengtak New Materials' Q3 performance doubles interpretations.

① shengtak new materials' performance in the first three quarters increased by 166.30% year-on-year, and the company's performance in the third quarter increased by 231.61% year-on-year, with performance growth continuing to rise. ② Company officials stated that the main reason for the performance growth is the demand from the downstream thermal power boiler market. Currently, the company's orders are sufficient, and the inclusion of Jiangsu Ruimei is also one of the reasons for the performance growth.

cls.cnOct 23 10:39 ET

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.

cls.cnAug 20 11:14 ET

China's Shanxi Province Records 78% Jump in Exports in January-October Period

MT NewswiresNov 24, 2021 00:16 ET

Baowu Leads Global Alliance to Cut Carbon Emissions in Steel Industry

MT NewswiresNov 18, 2021 22:36 ET

Jiangsu Shagang Teams Up with Brazil’s Vale for Green Steelmaking

MT NewswiresOct 19, 2021 00:37 ET

Vale says Onça Puma mine activities again stopped by court

Seeking AlphaOct 18, 2021 15:55 ET