Nanjing Iron and Steel (SHSE: 600282) expects net profit attributable to shareholders of about CNY 300 million in 2014, compared with net loss and EPS of about CNY 618.45 million and negative CNY 0.1596 a year ago.
Shifted projects run started operation in succession in 2014 and output of iron, steel and related products continued rising, with optimized product structure. Orders of products with high added value including 9% Ni rose and pert-on steel profit margin increased. Steel price fell, but that of major raw materials dropped more sharply. Product gross margin rose.
Zhejiang Yaang Pipe Industry Co., Limited