Nanjing Iron and Steel Co., Ltd. released its annual report on the evening of March 15. In 2010, the company’s revenue was 30.055 billion yuan, an increase of 22.91% year-on-year; net profit was 919 million yuan, an increase of 58.06% year-on-year; basic earnings per share was 0.237 yuan, an increase of 58.00% year-on-year.
According to the company, the increase in operating income during the reporting period was due to the increase in sales and sales of steel and steel products and the increase in selling price after the completion of the overall listing. The increase in net profit was mainly due to the year-on-year increase in gross profit.
The main goal of the company's production and operation in 2011 was to achieve a steel production of 7.08 million tons and a business income of 33.4 billion yuan.
According to the company, the increase in operating income during the reporting period was due to the increase in sales and sales of steel and steel products and the increase in selling price after the completion of the overall listing. The increase in net profit was mainly due to the year-on-year increase in gross profit.
The main goal of the company's production and operation in 2011 was to achieve a steel production of 7.08 million tons and a business income of 33.4 billion yuan.
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