Steel main industry Dismal Square big special steel 20 million dabble in catering profit

Zhang Guodong Steel's main business has become unprofitable, and Fang da Steel (600507.SH) has switched to "sideline". Fang Big Special Steel announced last night that the company intends to invest 20 million yuan in Shanghai to set up a holding subsidiary of Shanghai Water Wave Cheung Long Catering Co., Ltd. (to be approved by the business sector, hereinafter referred to as "catering Company").　　The company's business scope in addition to catering, but also conference services, business services, consulting, ticketing agents, etc. (to be approved by the business sector).　　According to the announcement, the establishment of the catering company all with the company's own capital contribution. Among them, Fang da Special steel investment 20 million yuan, holding a 80% stake in catering companies, Shanghai Fu Seoul Investment Management Co., Ltd. (hereinafter called "Rich Rich investment") capital contribution of 5 million yuan, holding 20% per cent of catering companies.　　The latter is registered in Shanghai Changning District, the main business of investment management, industrial investment, sales of metal materials (except under), non-ferrous Metals, minerals (except under), coal (after obtaining the license can be engaged in business activities) mainly. "Fang Tai Special steel to seek diversified development, but also in order to find profit expansion point, because its main business is still relatively difficult."　　"Liu Qiuping, chief analyst at the New West route, said in an interview with the first financial daily. In the past two years, the situation of domestic steel increasingly grim, showing the industry losses, some steel enterprises loss of a huge bleak picture.　　Fang Tai Special steel performance is also affected: the first half of this year, Fang Tai Special steel vested in the listed company shareholders of the net profit of 274 million yuan, compared with the same period last year, the 212 million yuan increased by 29.42%, but in terms of operating income, the company from 6.703 billion to 6.361 billion yuan, a decrease of 5.1%.　　CISA's deputy Secretary-General, Li Xin Heze, has openly said that if steel enterprises do not carry out the non-steel industry, in the current steel market environment, the days will be very difficult. However, it is difficult to conclude whether the investment in catering industry can be finally formed. "Some projects do not have this talent, like steel mills used to be the main business model of steel, now into another area, with a large difference in steel, and then the steel mode of operation of these steel industry, may be limited to development."　　Shougang Development Institute insiders to the reporter analysis. And for the "Beach" now launched by the Shanghai FTA Concept, Liu Qiuping that the FTA is mainly for financial enterprises and port transportation and other enterprises, in fact, it is difficult to bring much benefit to the catering industry, "Fang Tai Special steel more like a gimmick, with hot spots."