Dalian Jinniu Co., Ltd Releases 2008 Q1 Report

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Jun 05,2008

Dalian Jinniu Co., Ltd Releases 2008 Q1 Report Dalian Jinniu Co., Ltd released the First Quarterly Report on April 20. Till the end of this report period, company's total assets were RMB 3.67 million, decreasing 0.12% comparing with the same period of 2007. The net profits of the first quarter were RMB 2.87 million with the increase of 16.70% comparing to the same period, and EPS was RMB 0.01, growth of 0.00% compared with the same period of 2007. Dalian Jinniu Co., Ltd is principally engaged in the smelting of special steel, the processing and rolling of special steel products. The Company's steel products include carbon materials, spring materials, ball bearing materials and stainless materials, used for machinery, automobiles, chemicals, metallurgy and other industries. The Company operates its businesses mainly in the domestic market, including eastern China, northeastern China, southern China and northwestern China. During the year ended December 31, 2007, the Company produced 504,000 metric tons of steel.

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