Dalian Jinniu Unveils 2008 Annual Report

Resource from: CBCC Likes:2921

Feb 26,2009

Dongbei Special Steel Group Co., Ltd., unveiled its major financial indicators as follows: Earnings per share: 0.09 yuan Net assets per share: 3.95 yuan Return on net assets: 2.27 percent No dividend will be paid in 2008, and no bonus shares will be issued from capital reserve. 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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