The Shanghai-listed Baosteel, China's largest steel maker,
reported 8.16 billion yuan (1.1 billion U.S. dollars) of net
profits in the first half of this year, a growth of 80.21 percent
over the same period of last year.?
Baosteel's earnings per share averaged 0.47 yuan, up 80.21
percent, according to the company's interim report released on
Thursday.
Between January and June, the company invested 9.61 billion yuan
on fixed asset. Its share holdings, including stocks of China Life,
Ping An Insurance and the Industrial and Commercial Bank of China,
valued at 3.13 billion yuan at the end of June, the report
said.
In the first half, Baosteel's energy consumption decreased by
8.34 kilograms for one ton of steel. Its sulfur dioxide emission
dropped by 19.66 percent and carbon dioxide emission by 47.07
percent, according to the report.
(Xinhua News Agency August 30, 2007)
