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17 Jan
08:35

Fushun Special Steel profits surge in 2023

Listed Fushun Special Steel estimates its preliminary net profit for 2023 should reach CNY 340-360 million ($47.33-50.12m), up 83.2-128.99% on-year from a low base in 2022. Kallanish learns from the announcement that the low base for 2022, CNY 196.5m, includes lower non-recurring gains and losses, CNY 96.2m of provision for estimated liabilities and a CNY 71.34m tax provision. This company's net profit for the first three quarters reached CNY 282.35m with 358…
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