On January 16, Zhejiang Province-based Chinese steelmaker Hangzhou Iron & Steel Group Company (HISGC) announced that its sales revenue and net profit in 2012 totaled RMB 91.281 billion ($14.6 billion) and RMB 803 million ($128.7 million) respectively.
Company president Li Shizhong stated that in 2013 they expect to achieve a sales revenue of RMB 82.828 billion ($13.3 billion), while they foresee a net profit of RMB 1.557 billion ($249.5 million) for the year.
Source:
http://www.steelorbis.com/steel-news/latest-news/hangzhou-steel-posts-sales-revenue-of-rmb-91281-billion-for-2012-735776.htm
