Fang Tai Special steel to turn the first half of the year to 10 shares to increase 9 shares

The first iron and steel enterprises in the report today, Fang Big Special Steel (600507) to achieve the first half of the loss.　　The first half of the year, the company realized operating income of 6.263 billion yuan, an increase of 22.64% per cent, attributable to the parent company's shareholders of the net profit of 116 million yuan, the company intends to use capital accumulation of 10 shares to increase 9 shares. Wind statistics show that as of July 19, the Shanghai and Shenzhen Municipal total of 22 steel mills released a half annual performance forecasts, the loss of 11 companies, only hualing Steel and Ningxia Hengli two steel companies to continue to lose, the other steel enterprises are either in advance or continued surplus.　　The turn of the big special steel, as well as given the "high transfer" distribution scheme received market recognition, yesterday, the company's share price rose more than 6%. It can be seen from the semi-annual report that the performance growth of the main steel is derived from the adjustment of product structure and the promotion of sales price. The spring flat steel is the square big special Steel's fist product, approximately occupies the national 45%-50% market share, the automobile leaf spring approximately occupies the market share 15%, two products all occupy the market segment first. The first half of the car leaf spring profit margin of 11.74%, an increase of 3.66%; the first half of spring flat steel profit margin of 14.43%, year-on-year growth of 5.17%.　　At the same time, the company's first half since 74.16 million kwh, accounting for the total electricity consumption of 12.71%. Although most steel companies in the first half of the performance, but into the two quarter, steel enterprises face the environment has begun to deteriorate, the price of steel and iron ore prices are high, will likely to make the second half of the performance of steel companies under pressure.　　Semi-annual reports show that the company's current inventory has reached 1.649 billion yuan, compared with 1.096 billion yuan in the same period last year. Fang da Special Steel said, at present, the domestic steel market is relatively depressed, the original fuel prices remain high, the company will pay close attention to the steel market dynamics, strengthen the prediction of the steel market, enhance the correctness of decision-making, increase communication with the company product users, effectively grasp the market demand information, according to the bulk of the original fuel price fluctuations Control the purchase quantity and time, reduce the purchase cost, and do the balance into the factory, reasonable inventory.