Taigang Stainless Steel released third quarter financial report on October 29th 2012. It has realized the total business income of CNY 77.438 billion in the first three quarters of 2012, up by 9.38% YoY, with overhead cost down by 10.27% from prior year to CNY 71.564 billion.

Net profit belongs to parent company amounted to CNY 683 million, down by 45.23% YoY, with EPS reaching CNY 0.12.

In Q3, the overall business revenue came to CNY 27.296 billion, up by 9.36% YoY, overhead cost numbered CNY 25.081 billion, enjoying a rise of 10.35% YoY. The achieved net profit belongs to parent company reached to CNY 317 million, down by 22.29% and earning per share hit CNY 0.06, up CNY 0.03 QoQ.

Source - www.steelhome.cn/en
China steel information centre and industry database

(www.steelguru.com)