It is reported that Fujian Sangang Mingguang Co Ltd a listed arm of Sangang Group H1 of 2008 net profit up by 151.52% YoY to CNY 531 million. Trading profit climbed 122.94% YoY to CNY 703 million or CNY 0.993 a share up by 147.01%.

    Fujian Sangang Mingguang Co Ltd churned out pig iron of 1.76 million tonnes up by 46.05% YoY, crude steel of 2.18 million tonnes up by 41.33% YoY and finished products of 2.16 million tonnes up by 38.91% YoY respectively.

    As per report, the improving product mix and rising output of medium plate has contributed to the surging profit. During January to June, the mill yielded 543,700 tonnes of medium plate accounting for 25.21% of its total product offerings, which brought sales revenues of CNY 2.639 billion taking up by 27.45% of CNY 9.613 billion of its total core business income.