Liuzhou Iron & Steel Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 02:03 pm IST
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Liuzhou Iron & Steel Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 65,108.09 million compared to CNY 37,175.46 million a year ago. Revenue was CNY 65,108.09 million compared to CNY 37,175.46 million a year ago. Net income was CNY 2,303.45 million compared to CNY 1,240.8 million a year ago. Basic earnings per share from continuing operations was CNY 0.9 compared to CNY 0.48 a year ago. Diluted earnings per share from continuing operations was CNY 0.9 compared to CNY 0.48 a year ago.
Liuzhou Iron & Steel Co Ltd is a China-based company mainly engaged in the production, processing and sales of steel products. The Company's products include cold-rolled coils, galvanized coils, hot-rolled coils, medium and thick plates, ribbed steel bars, high-speed wire rods, round bars, medium-sized bars, and others. The Company's products are widely used in automobiles, home appliances, petrochemicals, machinery manufacturing, energy and transportation, ships, bridges, construction, metal products, nuclear power, electronic instruments, medical equipment, kitchenware and sanitary ware, construction and decoration and other industries. The Company's products are exported to many countries and regions such as Southeast Asia, the United States, Europe and Africa.