Dalian Jinniu Co., Ltd Releases 2008 H1 Report

Resource from: CBCC Likes:2907

Aug 22,2008

Dalian Jinniu Co., Ltd has announced that the company achieved RMB 12.37 million in net profit during the first half of 2008, a 24.52% increase compared to the corresponding period of 2007. The company reported EPS was RMB 0.05 and RMB 10.52 million from operation profits during the first half of 2008. 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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