Industrials, Technology Oct 25, 2021 10:03 AM (GMT+8) · EqualOcean
Financial Associated Press, October 25 - China Iron and Steel Industry Association held a third quarter information conference. Qu Xiuli, vice president of China Iron and Steel Industry Association, said at the meeting that in the first three quarters, iron and steel enterprises continued to tap potential against standards, significantly improved economic benefits and further optimized the asset liability structure. According to the statistics of the Steel Association, from January to September, the operating revenue of member steel enterprises was 5299.8 billion yuan, a year-on-year increase of 42.52%. The operating cost was 4694.2 billion yuan, a year-on-year increase of 39.65%, and the cost increase was 2.87 percentage points lower than the income increase; The total profit was 319.3 billion yuan, a year-on-year increase of 1.23 times; The average sales profit was 6.03%, a year-on-year increase of 2.18 percentage points. At the end of September, the asset liability ratio of member iron and steel enterprises was 61.37%, a year-on-year decrease of 1.58 percentage points.

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