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Angang Steel Co Ltd (000898.SZ)

000898.SZ on Shenzhen Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Angang Steel expects to return to net profit in Jan-Sept
Thursday, 13 Oct 2016 05:05am EDT 

Angang Steel Co Ltd <000898.SZ><0347.HK> :Says it expects to return to net profit of 977 million yuan ($146.51 million) in Jan-Sept versus net loss of 888 million yuan year ago.  Full Article

Angang Steel clarifies on press article regarding possible merger of Angang and Benxi Steel
Tuesday, 20 Sep 2016 03:25am EDT 

Angang Steel Co Ltd <000898.SZ>: Noted a press article which appeared in shanghai securities news on 20 september 2016 . Company has no knowledge of possible merger as stated in article .Article in relation to possible merger of Angang and Benxi Steel Group.  Full Article

Angang Steel's H1 net profit down 93.55 pct
Monday, 29 Aug 2016 05:09am EDT 

Angang Steel Co Ltd <000898.SZ><0347.HK> :Says H1 net profit down 93.55 percent y/y.  Full Article

Angang Steel enters energy management contracts<000898.SZ>
Tuesday, 23 Aug 2016 10:52am EDT 

Angang Steel Co Ltd <000898.SZ>: Company and Angang Energy conservation entered into the energy management contracts . Contracts in relation to the implementation of energy conservation projects through contract energy management. . Says consideration will be funded by internal resources of the group . Estimated total construction cost to be incurred by Angang Energy conservation is approximately RMB213.7 million . Angang steel co- co shall acquire facilities at an amount equivalent to Angang Energy conservation's actual total investment amount which is estimated to be RMB348.4 million .  Full Article

Angang Steel sees H1 net profit to rise strongly, helped by cost cuts
Thursday, 7 Jul 2016 04:16am EDT 

Angang Steel Co Ltd <000898.SZ><0347.HK> :Says it expects H1 net profit to rise to about 300 million yuan ($44.88 million) from 155 million yuan year ago.  Full Article

Angang Steel appoints Yao Lin as chairman
Sunday, 12 Jun 2016 11:08pm EDT 

Angang Steel Company Limited <000898.SZ> :Says it appoints Yao Lin as chairman of the company.  Full Article

Angang Steel issues Q1 2016 net profit outlook
Thursday, 14 Apr 2016 08:00pm EDT 

Angang Steel Co Ltd:Sees net profit outlook for Q1 of 2016 to be a loss of about 6.15 mln yuan.Says the net profit of Q1 of 2015 was 0.19 mln yuan.Comments that decreased benefit space affected by original fuel price and steel price is the main reason for the forecast.  Full Article

Angang Steel announces no dividend payment for 2015
Wednesday, 30 Mar 2016 08:00pm EDT 

Angang Steel Co Ltd:Says the company will pay no dividend to shareholders for 2015.  Full Article

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

Angang Steel Co Ltd:Sees net profit for 2015 to be a loss of 4,376 million yuan, compared to net profit of 2014(928 million yuan).2015 reported net income of a loss of 1,104.40 million yuan – Thomson Reuters I/B/E/S.  Full Article

Angang Steel signs assets and business entrusted management service agreement
Thursday, 22 Oct 2015 08:00pm EDT 

Angang Steel Co Ltd:Signed agreement with an Anshan-based group company on Oct. 22, and the company to provide assets and business entrusted management service to the Anshan-based group company.Says based on the agreement the Anshan-based group company to pay entrusted management fees to the company and entrusted period from Jan.1, 2016 to Dec. 31, 2018.  Full Article

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