"Project to produce 250,000 tons of high-quality stainless steel and special alloy rods" completed and put into production

Yongxing Special Steel (002756) announced on the evening of March 7th that the company’s “Project of Producing High-Quality Stainless Steel and Special Alloy Rods with an Annual Output of 250,000 tons” was completed and put into production, and is expected to reach production speedily.

On the same day announcement, the company expects to realize a profit of 84,628,600 yuan – 104 million yuan in the first quarter of 2018, an increase of 30%-60% year-on-year, and a profit of 65,089,900 yuan in the same period of last year.

During the reporting period, the pace of product structure adjustments of the company was accelerated, gross profit levels continued to increase, and profitability continued to increase.