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Shougang shares 2011 97% net profit drop in the first quarter losses of over 140 million Shougang shares (000959. SZ) on April 13 tera gold, 2011 annual results news show of the late disclosure, companies operating income of 12.516 billion yuan during the period, up down 55.15%; belong to shareholders of a listed company net income of $ 11.78 million tera power leveling, up down 96.93%; basic earnings per share of $ 0.004. Company saysSteel main process in Shijingshan district was officially discontinued in late 2010, the company's 2011 annual revenue with yield reduction significantly reduce. The steel industry is in the doldrums, the company operating all year round production is always in unprecedented difficulties; subsidiary of 2011 four seasons of sharp decline in market prices of cold-rolled sheets tera power leveling, loss company merge caliber performanceHave a significant impact. Shougang shares and disclosure of results for the first quarter of 2012 prediction shows, the company expects first-quarter loss of $ 140 million to $ 160 million, over the same period last year, the company recorded a net profit of $ 31.89 million. Explained on this company in the first quarter was mainly influenced by the iron and steel industry of the deterioration of the market environment, steel prices fall further, cold-rolled products and wire productionProduct sales prices lower and 12% over the previous year, resulting in steel products the company losses. Shougang shares 13th destination country $ 2.88, 0.7% per cent. Others:

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