Daming International issued an announcement that for the six months ended June 30, 2020, the group’s revenue was approximately RMB 15.634 billion, of which approximately RMB 10.479 billion came from the stainless steel processing business, approximately RMB 4.345 billion came from the carbon steel processing business, and approximately RMB 810 million came from the manufacturing business. Compared with the same period in 2019, the decrease was about 6.7%. The decrease in revenue was mainly due to the decrease in the average market prices of stainless steel and carbon steel raw materials.
During the reporting period, the group recorded a net profit of approximately RMB 140.5 million, while in the same period in 2019, it recorded a net profit of approximately RMB 130.6 million, a year-on-year increase of 7.62%.
