Base Plate
Discard excess plate 09 plate margins generally decrease the environmental impact of 10 years, demand for plate warmer
Anyang Iron & Steel modest profit in the year 2009, 146 million restructuring of the company will continue to achieve full year 2009 operating income 22.913 billion yuan, 38.26 percent less than the same period last year; annual profit of 146 million yuan, down 6.31% over the same period the previous year , basic earnings per share were 0.05 yuan, in 2008 a considerable performance. By the 2009 investment-led demand for building materials, sheet universal excess environmental impact of building materials company in 2009, profiles significantly improve gross profit, gross profit decreased plate, the overall gross margin 1.72%. Full year operating income of 22.913 billion yuan, 38.26 percent less than the same period last year; 146 million annual profit, down 6.31% over the same period the previous year, basic earnings per share were 0.05 yuan, in 2008 a considerable performance.
Building materials, profiles improve gross margins were 10.24%, 7.7% benefit from investment-driven company building steel company’s main revenue account for 34.04%, in 2009 to benefit the national infrastructure investment-led, demand for construction steel, well, gross margin 10.24% raise over last year, the company contribute to greater performance. Profile in the company income share of 8.3%, accounting for a relatively small margin raised to 7.7% in 2009.
Plate margin fell by 3.83% impact of weak demand the release of hot-rolled production line less than 1780 hot company with 3.5 million tons production capacity, the main products are hot rolled plate, sheet company in 2009 1.22 million tons of communism, capacity utilization was 34.86%, serious shortage of capacity utilization, mainly by the 2009 panel, the demand impact of excess production. But by the end of 2009 has gradually improved since the board needs, expected capacity utilization of 1780 lines have greater room for improvement, the company will also have a positive impact on performance.
1750 cold-rolled project to look forward to the current availability of funds in the company’s three-step strategic plan for the third step will be on the cold item, strong plate, thus creating the excellent Henan base plate. Currently the automotive, appliance industry boom of the high, cold rolled plate demand. If the company rolled forward in time the project will allow the company strategy and market integration, thus avoiding the hot item production release coincides with the market downturn and the embarrassment.
Decline in financial expenses during the period cost the company in 2009 has improved year on year cost reduction of 13.51% during the period in which cost of sales decreased 43.22% year on year, mainly due to reduced exports caused a decrease in port and transport costs; administrative expenses decreased 11.81%, reflecting the company’s response to industry compression costs low while achieving the best effect; company’s financial expenses increased by 18.32% year on year, increase in loans for the company.
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