Private steel companies made a profit of 210 billion yuan in 2018

In 2018, the pace of transformation and upgrading of China's private iron and steel enterprises is accelerating, and the overall development of enterprises presents a good trend, which is mainly reflected in the following aspects.

First, steady growth in production and operation.In 2018, private enterprises produced 547 million tons of crude steel, up 8.1 percent year on year.Pig iron output was 420 million tons, up 3.47 percent year-on-year.Steel output was 740 million tons, up 7.0 percent year-on-year.

Second, economic performance reached a record high.In 2018, private steel enterprises achieved sales revenue of 2.69 trillion yuan, up 39.0 percent.Profits and taxes reached 309.3 billion yuan, an increase of 41 percent.Profit reached 210 billion yuan, up 40 percent.The profit margin on sales was 7.8%, higher than the industry average of 6.9%.The asset-liability ratio fell from 68.9 percent in 2015 to 62.9 percent in 2018.

Third, merger and reorganization achieved remarkable results.Delong iron and steel group acquired tianjin bohai iron and steel, with a capacity of nearly 20 million tons and total assets of over 300 billion yuan.Hebei xinghua iron and steel transferred the steel production capacity and equipment of wu 'an and other places to fujian, improving the industrial layout;Jianlong group has achieved fruitful results in the restructuring of north manchuria special steel, acheng iron and steel, xilin iron and steel, Malaysia east steel, etc.Shagang reorganization of the northeast special steel, the latter output, efficiency and other operating indicators have been greatly improved and improved.

Fourth, the level of environmental protection has been significantly improved.In 2018, private iron and steel enterprises have continuously increased investment in environmental protection treatment, and the "three wastes" treatment effect is outstanding. The emission concentration of SO2, soot and nitrogen oxides has been greatly reduced, and some enterprises have reached ultra-low emission standards.Among the green manufacturing demonstration enterprises selected by the ministry of industry and information technology, 30 private steel enterprises such as jianlong, zhongtian, delong, nangang, yonggang, shiheng, puyang, xinjin, xinpu, dedicated, taishan, weifang special steel and jinding were selected.