On the evening of August 16, Jiugang Hongxing released the semi-annual report for 2018. During the reporting period, the company achieved operating income of 23.04 billion yuan, a year-on-year increase of 19.22%; net profit attributable to shareholders of listed companies was 585 million yuan, an increase of 66.74%; The net profit of non-recurring gains and losses of shareholders of listed companies was 531 million yuan, a year-on-year increase of 68.37%. The net profit growth far exceeded the growth rate of operating income, and the profitability of the company has been significantly improved.

During the reporting period, the iron, steel and timber production and sales plans were completed. Among them, the output of steel products was 3.462 million tons (including 407,000 tons of stainless steel), and the sales of steel products was 3,450,200 tons (including 395,100 tons of stainless steel).

The company's management quality improvement results were quite obvious. During the reporting period, management fees and financial expenses decreased by 24.84% and 11.12%, and the cost reduction reached 116 million yuan and 50 million yuan. At the same time, the company optimized the pace of purchase and sales, improved inventory capital turnover efficiency, and reduced inventory capital occupation. The net cash flow from operating activities was 1.296 billion yuan, an increase of 1.2 billion yuan over the same period of last year. The improvement effect is evident.