Chinese steelmaker Shougang released its financial report for the first half of this year.
In the first half of this year, Shougang's net loss contributes to its shareholders amounted to RMB350 million, slumping by 214.28% from a net profit of RMB310 million in the same period of a year earlier.
In the given period of time, the firm realized sales revenues of RMB5.605 billon, falling by 13.89% year on year.
For the prospect, Shougang predicted that its net loss contributes to shareholders would be at around RMB320 million~RMB420 million in the third quarter of this year.