Tianjin Pengzhan Steel Pipes Co. Ltd.
Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.
Tianjin Pengzhan Steel Pipes Co. Ltd.
Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.
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Daye special steel: 2011 fourth quarter profits will decline

(Summary description)

Daye special steel: 2011 fourth quarter profits will decline

(Summary description)

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Recently, the 3 quarter of Daye special steel before 2011 net profit rose 8.1% to 449 million yuan. Profit rose mainly due to rising steel prices and during the period costs fell. The company's gross profit margin in the first 3 quarters of 2011 fell to 9.52% from 11.14% in the same period last year, mainly due to an increase in the price of raw materials. Due to the overall callback steel prices, the 4 quarter steel prices dropped to a certain extent, and the downstream industry slowdown in demand is weak, we estimate the performance in the 4 quarter compared with the 3 quarter decline. But in the long term, as a leading enterprise of bearing steel, Daye special steel has significant brand and high value-added high-end steel products in the future will gradually peatlands, is still optimistic about the long-term development of the company.

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Address:Anjiazhuang Industrial Zone
Xizhaizhuang Town, Jinghai District, Tianjin, China

Contact: Zhou (Manager)   Tel:022-68373456
Phone:+86-13602068248   

E-mail:185223310@qq.com

Contact: Han (Manager)   Tel:022-68581653
Phone:+86-18902154888      

E-mail:hansteelpipe@163.com

 

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