trending Market Intelligence /marketintelligence/en/news-insights/trending/5mzqwnkxnd5hzj8aumlzrq2 content esgSubNav
In This List

Angang Steel posts 41% YOY rise in Q3 earnings to 2.42B yuan

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

Path to Net-Zero: How are mining companies tracking?

Blog

The Big Picture for 2023: Will Economies See Relief from Knock-on Effects of Russia-Ukraine Conflict?

Case Study

Quantifying the Mining Sector's Equipment & Service needs for Business Development & Resource Allocation Strategy


Angang Steel posts 41% YOY rise in Q3 earnings to 2.42B yuan

Angang Steel Co. Ltd said Oct. 10 that its net profit attributable to shareholders rose 41.1% year over year to 2.42 billion Chinese yuan for the three months ended Sept. 30.

Basic EPS reached 33.5 fen per share, compared with 23.7 fen per share reported a year earlier.

For the first three quarters, the company's net profit attributable to shareholders saw a yearly increase of 80.5% from a year earlier to 6.85 billion yuan. Basic EPS for the period rose to 94.6 fen, from 52.4 fen from a year earlier.

The company attributed its earnings growth to an optimized product structure, cost controls and profit from newly acquired unit Ansteel Group Chaoyang Iron and Steel Co. Ltd.

As of Oct. 10, US$1 was equivalent to 6.92 Chinese yuan.