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Tisco´s Acquisition Of Xinhai Is Still Under Negotiation

Sep. 12, 2018

As a Titanium Clad Steel Plate Supplier, today brings you some real news. According to the semi-annual report of TISCO 2018, revenue of 36.77 billion yuan was realized in the first half of the year, an increase of 11.3%; net profit of 2.836 billion yuan, an increase of 283.23%; earnings per share of 0.50 It is reported that from January to June 2018, the company achieved 5.3628 million tons of crude steel output, an increase of 5.20%, of which 2.0941 million tons of stainless steel, an increase of 4.28%; 649.97 million tons of steel exports , an increase of 10.76%, of which 565 million tons of stainless steel exports, an increase of 5.47%. during the period, the operating income of stainless steel products was nearly 23.145 billion yuan, an increase of 9.46% over the same period of The gross profit rate was 16.12%, an increase of 2.74 percentage points over the same period of last year.

The announcement revealed that asset restructuring was advancing smooth, and the company's profitability in the future is expected to improve. Taigang stainless steel said that the company intends to acquire part or all of the shares of Linyi Xinhai New Materials Co., Ltd. major asset According to the public information, the target company mainly engaged in the production and sale of nickel alloys and related technology development, utilization, transfer, etc., currently has an annual production capacity of 1.2 million tons of high nickel The company has the processing capacity and qualification of stainless steel industry chain, and is closer to the consumer market. If the acquisition is successful, it will not only further enhance the company's raw material support capacity, but also help the company Reduce logistics costs, and is expected to enhance the company's future stainless steel production scale and profitabil Yity.

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Tisco´s Acquisition Of Xinhai Is Still Under Negotiation

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