Xinyu Iron & Steel Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 11:14 pm EDT
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Xinyu Iron & Steel Co. Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 25,304.758 million compared to CNY 14,813.539 million a year ago. Operating income was CNY 1,145.942 million compared to CNY 617.214 million a year ago. Net income was CNY 970.775 million compared to CNY 514.102 million a year ago. Basic earnings per share from continuing operations was CNY 0.3 compared to CNY 0.16 a year ago.
Xinyu Iron & Steel Co., Ltd. is a China-based company principally engaged in the manufacture and sales of steel products. The Company's principal products include middle plate steel, wire products, deformed steel bar and round bar steel, steel billet, electrical steel, thick plate steel, hot-rolled coil, cold-rolled coil, metal products and coking products. The Company is also engaged in the transportation repair, as well as the construction installation business. The Company mainly distributes its products in domestic and overseas markets.