Reported 7 months ago
Fengxing (2015) held its shareholders' meeting on June 13, 2024, announcing a dividend of 3.5 yuan and re-electing Chairman Lin Dajun. Fengxing is optimistic about the increase in steel demand in 2024, expecting a slight growth in steel sales compared to 2023 and a potential surpass of the previous year's operational performance. With the gradual improvement in market conditions and a first-quarter net profit of 600 million yuan, slightly higher than the same period in 2023, Fengxing anticipates enhanced steel demand due to positive changes in the global economy, easing inflation, and geopolitical risks subsiding, with a forecasted 1.9% increase in global steel demand in 2024 compared to 2023.
Source: YAHOO