Sinopec tops the latest 2011 China Fortune 500 Company List again with CNY 1.9 trillion total revenues and CNY 70.71 billion net profits.

Masteel gained the annual revenues of CNY 64.98 billion and net profits of CNY 1.10 billion ranking the first amongst 12 companies in Anhui Province on the list. Compared with last year, the threshold of operational revenues on the list was elevated by CNY 1.2 billion.

It is reported that Masteel strives to reach the steel capacity of 20 million tonnes and sales revenues of CNY 100 billion in 2011. The product mix transformation would further be deepened to widen the market shares of high value added products including auto and household appliance plates, electric steels, high efficiently conservation oriented construction steel products etc. It also made a huge stride forward to develop new products finishing at more than 2 million tonnes.

Masteel may spare no efforts to become a big domestic auto and household appliance supplier as well as China largest production base of high-speed train and high power locomotive wheels.

(Sourced from MySteel.net)
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