Hualing Steel in the first half of the "contrarian" loss 400 million

In China's macroeconomic and steel demand for sustained recovery, most of the domestic steel companies are "turned around", but Hunan Hualing Steel Co., Ltd. (hereinafter referred to as hualing Steel, 000932) but "unexpected" loss of 400 million yuan.　　In the first half of 2010, the company's net profit to the parent company's shareholders was $401 million, and earnings per share was $0.1466, according to a report released late yesterday.　　The announcement explained that the large loss is mainly affected by the international financial crisis and the country changes the mode of economic development of macro-control policy, steel market price fluctuations, iron ore prices rose sharply. However, yesterday, an iron and steel industry analyst in an interview with the Morning Post, said yesterday, "before the company (Hualing Steel) communication, the first half of the losses are mainly two points: first, the steel pipe Export Limited, the profits fell sharply; second, the heat volume capacity has not been effectively released.　　"It is reported that hualing steel main plate and steel pipe products." But Valin, who lost money, also has good news. According to the Chinese newspaper, the company's shares fell sharply in the two quarter, even the Social Security Fund, including a number of fund groups "holding a group of heating": of which, Social Security 104 and 102 of the portfolio are maintained in the top 10 of the first unlimited conditions of shareholders, Peng Wah value advantages of equity-type securities investment funds, such as Peng Wah funds continue to be added.