Baosteel net profit of 09 Revenue fell 200 billion down 1 percent year on year – iron and steel, steel, price – iron and steel industry
Announced unaudited results for Express, its 2009 gross revenues realized 148.536 billion yuan, compared to operating income last year Baosteel rushed 200 billion mark for the first time a decrease of 25.97%.
In recent days, Baosteel has announced its February prices, contrary to many market participants, "Steel prices," the forecast, the price of most species remains unchanged.
2009 annual revenues of only 148 500 000 000
Express based on performance, Baosteel of 2009 total revenue of 148.536 billion yuan, down 25.97 percent; operating profit of 7.218 billion yuan, up 13.08% reduction; attributable to shareholders of listed companies net profit of 5.753 billion yuan, down 10.93 %; 0.33 yuan per share.
And 2008 despite the financial crisis and faced fourth-quarter collapse in steel prices, Baosteel is still higher than the annual total revenue of 191 billion yuan in 2007 4.9% higher, and the unprecedented exceeded 200 billion yuan. However, the total revenue of Baosteel in 2009 only 148.536 billion yuan.
The same time, Baosteel last year attributable to shareholders of listed companies to achieve the net profit was 5.753 billion yuan, down 1 percent, while the market peak in 2007 compared to 12.7 billion yuan of net profit is less than a half.
Because the data has not been audited, Baosteel is also in the newsletter did not disclose the reasons for declining revenues. However, the market analysts believe that, "As the steel industry in 2008 experienced a , strong first half of steel production, while the second half of steel prices fell rapidly, most of the steel mills because of the financial crisis have no confidence in the market outlook, but also vigorously selling stock steel, resulting in high gross margin decline in revenue performance. "
Disclosure under the Exchange booking situation, Baosteel will be April 1, 2010 disclosure of its audited 2009 annual report.
Baosteel prices flat in February 14 night, according to Baosteel announced price adjustment notice, in February this year, steel products of Baosteel specific pricing is: oriented electrical steel in January based on the price of 1,500 yuan per ton lower, other non-oriented electrical steel, hot rolled products , acid products, ordinary cold-rolled products, prices remain unchanged.
Routine cases, 12 per month to be released next month Baosteel's price strategy. The 12th of this month the evening, the market is to wait until the steel cord, steel wire, better Steel Products Up 200-300 dollars, the main species has not been mentioned.
And 14, Baosteel announced price adjustments, already a surprise. Since last December Baosteel price rise sharply and lead the prices of other major steel mills, the steel market has been maintained up until the heat of the past two weeks.
"Baosteel in addition to the maintenance of flat discourage taking into account the spot prices, the more is forced at Iron ore talks The sensitive period, the pricing of their December public opinion has also been suspected of selling refers to national interests. , "One person close to Baosteel's market comment to reporters.
"The price of Baosteel, only 1,500 yuan lower oriented electrical steel, steel prices to tens of thousands of pieces of such a ton, the amount is very small, and announced on the first one, probably caused by the outside world would like to sense of a price down. The other main species are not changed. "the source said.
Baosteel last December as a result of the first acts of price adjustment in the international Iron ore Sensitive period of negotiations, led to media Baosteel "self-interest above national interest" of the siege and questioned.
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