Nanjing Iron & Steel Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 04:44 am EDT
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Nanjing Iron & Steel Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 59,155.35 million compared to CNY 38,659.2 million a year ago. Revenue was CNY 59,155.35 million compared to CNY 38,659.2 million a year ago. Net income was CNY 3,468.77 million compared to CNY 2,006.66 million a year ago. Basic earnings per share from continuing operations was CNY 0.5654 compared to CNY 0.4026 a year ago. Diluted earnings per share from continuing operations was CNY 0.5651 compared to CNY 0.4026 a year ago.
NanJing Iron & Steel Co Ltd is a China-based company mainly engaged in smelting and processing of ferrous metal products and sale of steel, steel billets and other metal materials. The Company's main products include steel plates, steel bars, steel wires, strip steel products, profile steel products, defective steel products, scraps and steel billets, among others, which are used in various industries, such as petroleum and petrochemical, engineering machinery, ship building, rail transportation, high-rise buildings, automobiles, bridges, marine engineering, wind power, nuclear power and hydropower. The Company distributes its products mainly in East China and overseas market.