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[Ferro-Alloys.com] 

On the evening of January 25, Fushun Special Steel Co. Ltd  reported earnings forecasts that the company expects to achieve net profit attributable to shareholders in listed companies in 2020 between 530-590 million yuan, an increase of 75.48% to 95.34% over the same period last year.

The net profit attributable to shareholders of listed companies is expected to be between 475-515 million yuan, an increase of about 127.18% to 146.32% over the same period last year.

For the reasons for the pre-performance increase, the company said that during the reporting period, the company around the strategic planning objectives, continuous optimization of internal control management, strict control of manufacturing costs, reducing costs and increasing efficiency. In particular, the company adheres to the concept of high quality development, under the background of stable growth of special steel market demand, continuously increase R & D investment, constantly adjust and improve the product structure. The above measures have a positive effect on the company’s performance growth, the company’s high value-added product orders continue to grow, the overall capacity utilization rate is high.