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China's central enterprises achieved net profit of 535.62 billion yuan in the first half of the year, an increase of 18.6% over the same period last year. The profitability of the Chinese enterprises in the first half of the year has maintained double-digit growth. Among them, the profit in January was RMB159.67 billion, which was the monthly profit history Best level.   SASAC in the new press conference held in the press release, said the first half of the central enterprises accumulated operating income of 12.5 trillion yuan, an increase of 16.8%, has been double-digit growth for five consecutive months, the cumulative total profit of 72.28 billion yuan , An increase of 15.8%.   Press release said that 102 of the central enterprises, there are 99 corporate profits, 48 business efficiency increased by more than 10%, 29 business efficiency increased by more than 20%.   In terms of production capacity, the first half of the central enterprises to resolve the cumulative capacity of 5.95 million tons of steel, has completed the annual task ahead of time; to resolve the excess capacity of 6.59 million tons of coal, restructuring coal production capacity of 13 million tons.   Editor: Song Yucheng Source: China Gold Net

July 11, SASAC chief accountant Shen Ying in the new office conference, said the SASAC in the first half to promote the central enterprises to debt-to-equity swap, there are 12 central enterprises and banks signed a debt-equity swap agreement, which China Steel Group , Bao Wu Group and other debt-to-equity swap has landed, optimizing the capital structure.   Shen Ying said that the SASAC on the central bank debt risk control system arrangements for the debt ratio and debt scale double control, the annual debt ratio of more than a certain level, the risk of the central enterprises to be included in the assessment, for the scope of the enterprise investment scale to be strict Control, in the use of funds, pay, management costs, etc. should be substantially compressed.   She also said that in recent years, the SASAC in the central enterprises down lever to do a lot of work. For example, to promote corporate capital market financing, the first half of the central enterprises IPO, placement and other ways to finance more than 100 billion yuan, the SASAC also support enterprises to carry out asset securitization business; to promote enterprises through inventory revitalization of funds; there is to promote debt- At present, 12 central enterprises and banks have signed a debt-to-equity swap agreement.   Editor: Song Yucheng Source: China Securities Network

As of the evening of July 10, a total of five listed steel prices released six months notice: Among them, the first half of Hebei Iron and Steel shares is expected to profit 1.15 billion yuan to 1.27 billion yuan last year, profit of 409 million yuan; Half-year net profit attributable to shareholders of listed companies increased by 150.60% over the same period last year to 200.50 %%, the amount of 903 million yuan to 1.083 billion yuan; compared with the same period last year, Ling Steel shares in the first half is expected to achieve losses Profit, to achieve the net profit attributable to listed shareholders of about 400 million; Valin Iron and Steel is expected in the first half of this year to achieve net profit of 11 to 13 billion yuan to achieve attributable to shareholders of listed companies net profit of 9 to 10 billion, and this is Valin Steel and steel since the listing in 1999 since the semi-annual best performance; Jiuquan Hongxing is expected in the first half of 2017 to achieve attributable to shareholders of listed companies net profit of about 35,000 million, compared with the same period last year increased by 54%.   "China Metallurgical News", China Steel News Network reporter through the five steel companies semi-annual results notice found that access to 2017, in the country supply side reform, out of the IF furnace and remediation of steel and other policy measures to vigorously promote, On the one hand, the price of steel has always been maintained at a high price range, and the price of raw materials is relatively small; on the other hand, the internal control of the cost reduction work, the whole process down the cost of significant results, cost control better , To improve the profitability of the product, making the relevant steel enterprises in the first half of 2017 net profit more than expected.   July 8, China Iron and Steel Industry Association executive vice president of Gu Jianguo in China's iron and steel energy-saving emission reduction forum, said the iron and steel industry in the first half of this year's operation situation, the overall presentation is positive to the good situation, it should be said is With the country to eliminate backward, to crack the measures of the steel is inseparable. This creates a good external environment for steel.   Although the overall situation in the steel industry is better than expected, we must be soberly aware that there are still many uncertainties in maintaining the smooth operation of steel.   The industry's asset-liability ratio is still at a high level and the problem of financing is still present. To highlight the industry better annual benefits, the second half will not be at your fingertips, and need to pay more effort. Editor: Yang Xiaoguang Source: China Metallurgical News

The latest developments in the bankruptcy and reorganization of the Northeast Special Steel Group. Reporters from the Northeast Special Steel Group bankruptcy reorganization manager was informed that the Northeast Special Steel Group and its managers on the 10th to Dalian Intermediate People's Court submitted a draft restructuring plan.   For the most concerned about the reorganization of the community investors, Liaoning Province, deputy director of the SASAC Xu Jisheng introduced, there will be two private and state-owned large-scale iron and steel enterprises to participate in the reorganization, and the Northeast Special Steel Group is also expected to bankruptcy The opportunity to achieve mixed ownership reform.   It is understood that, in accordance with the law, July 10 is the Northeast Special Steel Group restructuring plan submitted deadline. Previously, due to the objective does not have the conditions for the preparation of the reorganization plan, the draft of the reorganization plan has been postponed twice.   According to reports, into the bankruptcy reorganization process, including the Liaoning Provincial SASAC, including the Northeast Special Steel Management team, close contact with potential investors, and actively organize the potential investors, the main financial creditors to reorganize the investment program and other relevant content Conducted a number of rounds of communication, consultation, in the whole process of major financial creditors open, fully respect the views of financial creditors, to determine the current investors. Xu Jisheng said that the Northeast Special Steel Group has entered the bankruptcy reorganization process, has maintained a normal production and business activities.   According to the law, the next meeting of the second creditors will be held by the creditors to vote on the draft plan. The draft of the reorganization plan will eventually require the Dalian Intermediate People's Court to approve the approval before it can produce legal effect and enter the execution stage.   Northeast Special Steel Group is a large state-owned special steel production enterprise, the company has long been a huge debt burden, high financial costs. Last year in March the company issued a corporate bond continuous breach of contract, causing a serious debt crisis. On October 10 last year, the Dalian Intermediate People's Court ruled that the Northeast Special Steel Group and its affiliated companies entered the bankruptcy reorganization procedure and designated the bankruptcy reorganization manager.   Editor: Zeng Qiaoqiao Source: Economic Reference