Fujian Sansteel Minguang Co., Ltd. (002110)

Fujian Sansteel Minguang Co., Ltd. (002110)

Fujian Sansteel Mingguang Co., Ltd. (hereinafter referred to as "Sansteel Mingguang") was registered with the approval of Fujian Provincial People's Government on December 26, 2001. It was listed and traded in Shenzhen Stock Exchange on January 26, 2007. Its stock is referred to as "Sansteel Mingguang" for short and its stock code is "002110".

At present, three steel Minguang has four steel production bases, namely Sanming headquarters, Quanzhou Minguang, Luoyuan Minguang and Zhangzhou Minguang, with an annual steel production capacity of more than 12 million tons. Its main products include construction materials, metal products, medium and heavy plates, high-quality round steel, alloy strip steel and coal chemical products. In August 2009, the company's rebar and wire products were approved by Shanghai Futures Exchange and registered as the "Shanghai Futures Exchange" steel delivery brand, which is the first steel futures delivery brand in Fujian Province.

In 2019, the company adhered to the guidance of Xi Jinping's new socialist ideology with China's characteristics, continuously strengthened the party's leadership, strengthened ideological and political construction, adhered to the established strategy of the company, adhered to flexible operation, promoted innovation driven, and focused on transformation and upgrading, and maintained the forefront of the industry in terms of business performance. In 2019, Sansteel Minguang ranked 75th in the "top 100 listed companies in China". The information disclosure assessment results of the companies notified by Shenzhen Stock Exchange in 2018 and 2019 are all A-level.

In 2019, it will produce 10.3705 million tons of steel, 8.7582 million tons of pig iron, 10.4285 million tons of steel, 720500 tons of coke and 10.8636 million tons of sinter; it will achieve an operating revenue of 45.511 billion yuan, a year-on-year increase of 25.55%; the total profit will be 4.914 billion yuan, a year-on-year decrease of 43.49%; the net profit attributable to the shareholders of the listed company will be 3.673 billion yuan, a year-on-year decrease of 43.55%, and the basic earnings per share will be 1.5 yuan, a year-on-year decrease of 43.40% .

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