Reported 8 months ago
At the 113th annual shareholder meeting held today (6/19), China Steel reported a net profit of 1.7 billion NT dollars for the 112th fiscal year, with earnings per share of 0.11 NT dollars. They approved a special stock dividend of 1.4 NT dollars and a cash dividend of 0.35 NT dollars per share. Facing the trend of carbon neutrality by 2050, China Steel will focus on high-value-added specialty steel plants and developing the green energy industry to enhance international competitiveness and create a low-carbon steel supply chain. Despite global economic challenges last year, China Steel managed to turn a profit, continue expanding sales of specialty steel products, and rank among the top in operating profit and EBITDA rates. Looking ahead, they plan to enhance operational resilience, explore low-carbon smelting technologies, and deepen the application of AI in production processes to become a smart steel plant.
Source: YAHOO