On the evening of April 14, Hunan Valin Iron and Steel Group (000932), a listed company of Hunan Valin Iron and Steel Group Co., Ltd. (hereinafter referred to as the Valin Group), the largest state-owned steel enterprise in Hunan Province, released its first-quarter performance forecast.
The company expects net profit attributable to shareholders of listed companies from January to March 2020 from 1.02 billion to 1.14 billion yuan, and earnings per share of 0.1664 yuan to 0.1860 yuan. Compared with the same period of last year before the reorganization, the net profit attributable to shareholders of the listed company is expected to change from -6.63% to 4.35%; compared with the simulated number after the same period last year, the expected change is from -38.86% to 31.66%.
For the cause of the decline in performance, the announcement stated that the new coronary pneumonia epidemic in the first quarter of 2020 will have a greater impact on China ’s economy. Production in the steel industry is relatively stable, but due to delayed demand and restricted logistics, steel stocks have reached historical highs, steel prices have fallen rapidly, and corporate profits have declined year-on-year. Valin Steel said that it will continue to promote the three strategic support systems of lean production, sales and research integration and marketing service system construction, and increase product structure adjustment and cost reduction and efficiency improvement.
In March 2020, Valin Steel achieved 1.72 million tons of iron output, 2.18 million tons of steel output, 2.03 million tons of steel output, and 2.15 million tons of steel sales.
Previously, Valin Steel also disclosed: Recently, Valin Xianggang won the bid for the steel for the jacket and module of a CNOOC oilfield development project. The jacket of this project is currently the deepest jacket designed in Asia, and the project has very high requirements on the quality of steel. It needs to meet the requirements of low carbon equivalent and low welding heat sensitivity coefficient. The yield strength is higher than 355 MPa and no plate thickness. Effect, and has a low temperature toughness of minus 40 ℃ and resistance to laminar tearing.
Hualing Group is a large-scale enterprise group jointly established by Hunan Iron & Steel, Xianggang, Liangang and Henggang at the end of 1997. The Group’s crude steel production capacity reaches more than 20 million tons, and its products cover 10 types of products with more than 7000 specifications, including wide and thick plates, cold and hot rolled sheets, seamless steel pipes, wire rods, etc., with total assets exceeding 130 billion yuan.
Valin Steel is a production base of fine steel products in southern China. It belongs to one of the top ten steel companies in the country and is the world ’s largest manufacturer of single wide and thick plates, and the second largest in China. Is a professional seamless steel tube supplier and the world’s most advanced automotive sheet manufacturer.
The company ’s main business is the production of steel productsProduction and sales, with production bases in Xiangtan, Loudi, Hengyang, and Yangjiang, Guangdong, respectively , Hot and cold rolled sheet, wire rod and seamless steel tube series of nearly ten thousand varieties and specifications.