Release time : 2015-06-15 11:44:47
Dalian Jinniu Co., Ltd releases the Third Quarterly Report on October 16. Till the end of this report period, company's total assets are RMB 3.76 million, increasing 2.15% comparing with the same period of 2007. The net profits of High Speed Bearings of the third quarter are RMB 9.16 million. The first nine months' net profits totaled RMB 23.90 million.
Dalian Jinniu Co., Ltd is principally engaged in the smelting of special steel, the processing and rolling of special steel products. The Company's steel products include carbon materials, spring materials, ball bearings materials and Stainless Steel Bearings materials, used for machinery, automobiles, chemicals, metallurgy and other industries. The Company operates its businesses mainly in the domestic market, including eastern China, northeastern China, southern China and northwestern China. During the year ended December 31, 2007, the Company produced 504,000 metric tons of steel.