[ferro-alloys.com]

  On April 15, hesteel resources released the 2020 annual performance express announcement, which showed that the total operating revenue from January to December 2020 was 5935.1944 million yuan, an increase of 2.33% over the same period of last year; the net profit attributable to the shareholders of the listed company was 970.0518 million yuan, an increase of 83.51% over the same period of last year.

  According to the announcement, the total assets of hesteel resources were 13544.7062 million yuan, an increase of 5.46% over the beginning of this report period, and the basic earnings per share was 1.4861 yuan, compared with 0.8099 yuan in the same period of last year.

  During the reporting period, the company's total operating revenue was 5935194400 yuan, an increase of 2.33% over the same period of last year; operating profit was 2107601400 yuan, an increase of 95.82% over the same period of last year; total profit was 2103736100 yuan, an increase of 94.32% over the same period of last year; net profit attributable to shareholders of listed companies was 97005.18 million yuan, an increase of 83.51% over the same period of last year.

  During the reporting period, the main reason for the substantial changes in the company's operating performance is that the company's operating performance increased significantly year-on-year due to the impact of the rise in bulk commodity prices, especially iron ore prices.

  According to the data of digbei.com, hesteel resources focuses on the development of mineral resources plate, mainly engaged in the mining, processing and sales of copper and iron ore. The listed company is a holding company, not engaged in mining production business.

• [Editor:Catherine Ren]