Profit growth of steel enterprises exceeded 150%.

In the first half of this year, the total profit of the major large steel enterprises reached 139 billion 273 million yuan, up 151.15% over the same period last year. With the improvement of the economic efficiency of enterprises, the asset liability ratio of enterprises continues to decline. At the end of 6, the asset liability ratio of key large iron and steel enterprises dropped to 67.30%, down 3.97 percentage points from the same period last year. In the first half of this year, the overall operation of the iron and steel industry has been stable and improving, the benefits have been continuously improved, the structure has been continuously optimized, and the high-quality development has taken a new step. The long term low profitability of the steel industry has been reversed. Increasing investment in innovation and transforming production lines with high added value and environmental protection have become a common practice in iron and steel enterprises.

We have carried out a large number of technological upgrading of process equipment, eliminated all the previous high-emission, high-pollution equipment capacity of small process equipment production lines, and thus upgraded the large-scale process equipment, modernization and informatization.

Up to now, China’s iron and steel industry production and operation in the third quarter also continued to maintain a good momentum.

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Post time: Sep-10-2018
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