ANSTEEL(SZ:000898)2022-12-06 09:52Company Overview - Ansteel Co., Ltd. is a significant steel production and sales enterprise in China, with a complete steel production process including sintering, coking, ironmaking, steelmaking, and rolling [2] - Main products include hot-rolled sheets, cold-rolled sheets, galvanized sheets, color-coated sheets, medium-thick plates, large profiles, and wire rods [3] Production Bases - The company has two mature production bases: Anshan and Bayuquan [3] - Anshan Base focuses on high-end plates and has a comprehensive competitive edge, producing various steel products [3] - Bayuquan Base specializes in thick plates and relies on overseas iron ore [3] Operational Performance - In the first half of 2016, the domestic steel market showed signs of recovery, with rising steel prices; however, overcapacity remains a significant issue [4] - The company achieved a net profit of 300 million yuan, an increase of 93.55% year-on-year; basic earnings per share rose to 0.041 yuan, up 95.24% [4] Production and Sales Data - In the first half of 2016, production figures were as follows: - Iron: 10.8 million tons (down 1.34% year-on-year) - Steel: 10.74 million tons (down 0.17% year-on-year) - Steel products: 9.86 million tons (up 0.79% year-on-year) - Sales of steel products: 9.61 million tons (up 2.54% year-on-year) with a sales rate of 97.47% [4] Financial Status - As of June 30, 2016, total assets amounted to 87.208 billion yuan, with net assets of 43.58 billion yuan and an asset-liability ratio of 49.56% [4] Subsidiary Overview - Ansteel ThyssenKrupp Automotive Steel Co., Ltd. (Ansteel Dalian) has a registered capital of 132 million USD, with Ansteel holding a 50% stake [5] - In the first half of 2016, Ansteel Dalian reported revenue of 2.146 billion yuan and a net profit of 290 million yuan, with total assets of 1.94 billion yuan and net assets of 1.379 billion yuan as of June 30, 2016 [5]