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Hebei Iron and Steel Co., Ltd. expects the profit of the first three quarters to increase by 319% year-on-year

Hebei Iron and Steel Co., Ltd. expects the profit of the first three quarters to increase by 319% to 336% year-on-year

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Hebei Iron and Steel Co., Ltd. released a performance forecast on the evening of the 13th. The company expects to make a profit of about 490 million yuan to 510 million yuan in 2014, with a year-on-year increase of 319% to 336. Among them, the monthly profit of the company is about 157 million yuan -177 million yuan. In the same period last year, the company made a profit of 40.32 million yuan

for the reasons for performance changes, Hebei Iron and Steel said that in the first three quarters of 2014, the situation in the steel industry continued to be severe. Although the price of raw materials has decreased to a certain extent, the product price is still running at a low level and continues to decline. The company continued to take measures to strengthen the improvement of cost control and product efficiency, and correspondingly changed the depreciation life of fixed assets according to the changes in the actual situation, so that the profitability of the company that should be replaced increased significantly

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