Sansteel MinGuang Co.,Ltd.,Fujian Reports Earnings Results for the First Quarter Ended March 31, 2023
April 27, 2023 at 12:47 pm
Share
Sansteel MinGuang Co.,Ltd.,Fujian reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 11,969.99 million compared to CNY 12,841.44 million a year ago. Revenue was CNY 11,969.99 million compared to CNY 12,841.44 million a year ago.
Net loss was CNY 66.42 million compared to net income of CNY 532.21 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to basic earnings per share from continuing operations of CNY 0.22 a year ago. Diluted loss per share from continuing operations was CNY 0.03 compared to diluted earnings per share from continuing operations of CNY 0.22 a year ago.
Sansteel MinGuang Co., Ltd., Fujian is a China-based company principally engaged in the manufacturing and sales of steel smelting, rolling, processing and extended pressure products. The Company's main products include construction materials, steel products, medium thickness sheets, high quality round bar steel and coal chemical products, such as sheets, rebars, smooth round steel, round bars, wire rods, billet and other products. The Company mainly distributes its products in domestic markets.