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Baosteel posts 15.33 percent decrease in net profit for Jan-Sept 2-Die Casting Exhibition-Foundry Exhibition-The 27th China(Guangzhou) International Die casting Foundry & Industrial Furnace Exhibition 10/28/2026 压铸展-铸造展- Die-casting expo-foundry expo |
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Major Chinese steelmaker Baosteel has announced that it registered an operating revenue of RMB 245.65billion ($36.6 billion) in the January-September period this year, up 5.68 percent year on year, while posting anet profit of RMB 6.74 billion ($1 billion) for the given period, down 15.33 percent year on year.
In the July-September period this year, Baosteel registered an operating revenue of RMB 84.92 billion ($12.6billion), up 4.75 percent year on year, while posting a net profit of RMB 2.17 billion ($320 million) for the givenperiod, down 29.67 percent year on year.
In the first nine months, Baosteel''s production outputs of pig iron and crude steel amounted to 36.61 milion mtand 38.63 milion mt, up 0.34 percent and down 0.4 percent, while its sales of finished steel totaled 39.15 millionmt, down 0.29 percent, year on year, respectively.
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