Reported 12 months ago
During the shareholders' meeting held by Century Steel (9958) on June 28th, the company approved a cash dividend distribution of 3 yuan per share and re-elected Rong Wenzhang as the chairman. With active development in offshore wind power substructure components, the company expects this year's revenue to surpass last year's, as its production capacity is currently at full load and long-term plans include overseas expansion. Last year, Century Steel's performance was impressive, with a doubling of net profit after tax and earnings per share growth. In the first quarter of this year, revenue increased by 17.72%, and net profit after tax surged from 48 million yuan to 651 million yuan. The company will continue to develop offshore wind power projects internationally, while concurrently maintaining a strong focus on its steel structure business locally.
Source: YAHOO