Xinyu Iron & Steel Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2021
April 25, 2022 at 07:36 pm EDT
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Xinyu Iron & Steel Co., Ltd reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 98,889.5 million compared to CNY 67,738.67 million a year ago. Revenue was CNY 104,912.84 million compared to CNY 72,411.93 million a year ago. Net income was CNY 4,344.56 million compared to CNY 2,700.19 million a year ago. Basic earnings per share from continuing operations was CNY 1.39 compared to CNY 0.85 a year ago. Diluted earnings per share from continuing operations was CNY 1.39 compared to CNY 0.85 a year ago.
Xinyu Iron & Steel Co., Ltd. is a China-based company principally engaged in the manufacture and sales of steel products. The Company's principal products include middle plate steel, wire products, deformed steel bar and round bar steel, steel billet, electrical steel, thick plate steel, hot-rolled coil, cold-rolled coil, metal products and coking products. The Company is also engaged in the transportation repair, as well as the construction installation business. The Company mainly distributes its products in domestic and overseas markets.