Shougang Concord International

Shougang Century Announces 2020 Annual Results

Retrieved on: 
Monday, March 22, 2021
Companies of China, Companies, Shougang Group, Shougang Concord International, Beijing Shougang Co., Ltd., Concord, North Carolina, News agency, Radial tire

HONG KONG, Mar 22, 2021 - (ACN Newswire) - Shougang Concord Century Holdings Limited ("Shougang Century", together with its subsidiaries, "the Group"; stock code: 0103.HK) is pleased to announce its audited annual results for the year ended 31 December 2020.

Key Points: 
  • HONG KONG, Mar 22, 2021 - (ACN Newswire) - Shougang Concord Century Holdings Limited ("Shougang Century", together with its subsidiaries, "the Group"; stock code: 0103.HK) is pleased to announce its audited annual results for the year ended 31 December 2020.
  • In view of this, the Group decisively seized the market opportunities by exploring new customers, while optimizing its sales mix to flexibly meet customers' requirements.
  • As the photovoltaic, sapphire and magnetic material markets gradually improve, the domestic sawing wire market has witnessed a steady growth.
  • Shougang Concord Century Holdings Limited (0103.HK) is primarily engaged in manufacturing of steel cords for radial tyres, sawing wires and other wire products.

Shougang Century Announces Positive Profit Alert

Retrieved on: 
Tuesday, February 9, 2021
Manufactured goods, Companies of China, Companies, Shougang Group, Shougang Concord International, Beijing Shougang Co., Ltd., Radial tire, Tire, Wire rope, Wire

Such increase was primarily attributable to the improvement of gross profit margin arisen from the decrease in production costs and the reduction in finance costs.

Key Points: 
  • Such increase was primarily attributable to the improvement of gross profit margin arisen from the decrease in production costs and the reduction in finance costs.
  • Shougang Century is primarily engaged in manufacturing of steel cords for radial tyres, sawing wires and other wire products.
  • Mr. SU Fanrong, Chairman and Managing Director of Shougang Century said "With the outbreak of coronavirus disease under control in China, demand for logistics in the nation witnessed a substantial increase, driving demand for large vehicles' tyres.
  • Shougang Concord Century Holdings Limited (0103.HK) is primarily engaged in manufacturing of steel cords for radial tyres, sawing wires and other wire products.