Jiuquan Iron and Steel Group (JISCO) Hongxing Stock announced half-year report showed that its gross revenue reached 27.96 billion yuan, with 42% increase year-on-year; and its total profit totaled 1.232 billion yuan, about 119% increase with the same comparison; while the net profit hit 902 million yuan, with 107% growth, and for per share was 0.22 yuan.
JISCO Hongxing Stock expressed that increasing sales profit are the main reason for the big growth.
In the first six months this year, Hongxing Stock pig iron output reached 3.664 million tons, steel output hit 4.382 million tons, and steel products output touched 4.268 million tons, about 46.62%, 47.89% and 47.69% respectively completed its annual target.
Besides, after the technical update, this year the self sufficiency degrees of iron ore for headquarter surpassed 40%.