25
Apr
05:02
Xinyu Steel almost doubles net profit in 2018
The 2018 annual report of Jiangxi province's Xinyu Steel shows that the company achieved a total operating income of CNY 56.96 billion ($8.49 billion) in 2018, a year-on-year increase of 14%. Net attributable profits increased 89.8% y-o-y to CNY 5.91 billion. This is also the third consecutive year that Xinyu Steel maintained its annual net profit increase at over 89%, Kallanish notes.
Hot rolled coils and rebar contributed CNY …
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