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[Ferro-Alloys.com] According to CISA, in 2020, the sales revenue of key statistics iron and steel enterprises was 4703.3 billion yuan, with a year-on-year growth of 10.86%; the sales cost was 4236.6 billion yuan, with a year-on-year growth of 11.57%; the cost growth was 0.71 percentage point higher than the revenue growth; the profits and taxes were 308.3 billion yuan, with a year-on-year growth of 7.00%; the total profit was 207.4 billion yuan, with a year-on-year growth of 6.59%; the average sales profit rate was 4.41%. Iron and steel enterprises optimize the structure of assets and liabilities, expand direct financing channels, and the debt level has declined. At the end of December 2020, the asset liability ratio of key statistics iron and steel enterprises was 62.27%, a year-on-year decrease of 0.18%.

 

Source: CISA, translated by editor