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Shanxi Taigang Stainless Steel Co Ltd (000825.SZ)

000825.SZ on Shenzhen Stock Exchange

4.81CNY
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Shanxi Taigang Stainless Steel expects to return to net profit in 2016
Friday, 20 Jan 2017 03:32am EST 

Shanxi Taigang Stainless Steel Co Ltd <000825.SZ> :Says it expects to return to net profit of 1.05-1.25 billion yuan ($152.76-$181.86 million) in 2016 versus net loss of 3.71 billion yuan year ago.  Full Article

Shanxi Taigang Stainless Steel to return to net profit in Jan-Sept
Friday, 14 Oct 2016 04:22am EDT 

Shanxi Taigang Stainless Steel Co Ltd <000825.SZ> :Says it expects to return to net profit of 820-870 million yuan ($130.46 million) in Jan-Sept versus net loss of 766.5 million yuan year ago.  Full Article

Shanxi Taigang Stainless Steel expects 2016 H1 net profit to rise
Friday, 15 Jul 2016 02:45am EDT 

Shanxi Taigang Stainless Steel Co., Ltd. <000825.SZ>: Says it expects 2016 H1 net profit of 286-317 million yuan .Says 2015 H1 net income was 63.9 million yuan.  Full Article

Shanxi Taigang Stainless Steel sees H1 net profit up sharply
Thursday, 14 Jul 2016 04:05am EDT 

Shanxi Taigang Stainless Steel Co Ltd <000825.SZ> :Says it expects H1 net profit to rise to 286.0-317.0 million yuan ($42.77-$47.40 million) from 63.9 million yuan year ago.  Full Article

U.S. finds in favor of subsidy rates for Chinese stainless steel sheet, strip
Tuesday, 12 Jul 2016 03:46pm EDT 

The U.S. Commerce Department has found countervailable subsidization of imports of stainless steel sheet and strip from China, according to a preliminary finding released on Tuesday. : The news follows a probe launched in March in response to a petition from AK Steel Corp , Allegheny Ludlum , North American Stainless, and Outokumpu Stainless USA. [nL2N16D050] . Commerce said it has determined a preliminary subsidy rate of 57.30 percent for mandatory respondent Shanxi Taigang Stainless Steel Co Ltd <000825.SZ>. (Reporting by Josephine Mason) ((Josephine.Mason@thomsonreuters.com; +1 646 223 8925; Reuters Messaging: josephine.mason.reuters.com@reuters.net)) Keywords: USA CHINA/STEEL (BRIEF).  Full Article

Shanxi Taigang Stainless Steel announces no dividend payment for 2015
Wednesday, 27 Apr 2016 08:00pm EDT 

Shanxi Taigang Stainless Steel Co Ltd:To pay no dividend to shareholders for 2015.  Full Article

Shanxi Taigang Stainless Steel issues Q1 2016 net loss outlook
Thursday, 14 Apr 2016 08:00pm EDT 

Shanxi Taigang Stainless Steel Co Ltd:Sees net loss outlook for Q1 of 2016 to be 539.50 mln yuan ~ 548 mln yuan.Says the net profit of Q1 of 2015 was 17.8998 mln yuan.Comments that decreased steel price is the main reason for the forecast.  Full Article

Shanxi Taigang Stainless Steel issues 2015 net profit outlook below I/B/E/S estimate
Friday, 29 Jan 2016 07:00pm EST 

Shanxi Taigang Stainless Steel Co Ltd:Sees net profit for 2015 to be a loss of 3,535 million yuan to a loss of 3,755 million yuan, compared to net profit of 2014(441,957,400 yuan).2015 reported net income of a loss of 2,133.26 million yuan – Thomson Reuters I/B/E/S.  Full Article

Shanxi Taigang Stainless Steel announces financial leasing
Wednesday, 25 Nov 2015 07:00pm EST 

Shanxi Taigang Stainless Steel Co Ltd:Signed a financial leasing contract with a Tianjin-based finance lease company.To sell production related equipments (radial forging machines and electroslag furnace) to the leasing company to finance up to 437.50 million yuan.To lease back the equipments and facilities with a term of 36 months and interest rate of 10 pct declined from three-year benchmark lending rate published by the people's bank of China.  Full Article

Shanxi Taigang Stainless Steel issues Q1 to Q3 2015 net profit outlook
Tuesday, 13 Oct 2015 08:00pm EDT 

Shanxi Taigang Stainless Steel Co Ltd:Sees net profit for Q1 to Q3 of 2015 to be about -700 mln yuan to -800 mln yuan.The net profit of the same period in 2014 was 551,956,400 yuan.Comments that sluggish steel market and foreign exchange losses as the main reasons for the forecast.  Full Article

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China's listed steel companies expect better financial results for 2016

SINGAPORE Several listed Chinese steel companies expect to either return to profit or log a strong rise in net profit for 2016 due to improving product prices as the government attempts to cut excess capacity, and cost control efforts.