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Angang Steel Co. Ltd.—the listed arm of Anshan Iron and Steel Group Corp.—has carried an ST （special treatment） tag， a type of bourse warning， on the Shenzhen Stock Exchange since March 29 after posting losses for two years in a row.
Angang Steel， a Liaoning-based steel maker， reported a 4.16 billion yuan （$670 million） loss in 2012， compared with a 2.1-billion-yuan（$338.1 million） loss in the previous year.
According to bourse regulations， the company had to change its stock name to ST Angang as a warning to investors of its lossmaking record.
In addition， some analysts believe it risks being delisted if it fails to see profits this year.
Angang said steel product prices have slumped due to lower demand at home， overcapacity， rising costs and fierce competition.
Good Harvest year
Leading Chinese liquor producer Kweichow Moutai Co. has posted slower net profit growth for 2012.
The company’s net profit increased 51.86 percent year on year to 13.31 billion yuan （$2.12 billion） last year.
The growth rate is eye-catching but still much lower than the 73.49-percent increase seen in 2011， partly due to relatively weakened demand， affected by the Central Government’s stricter control over spending on official banquets. Spirits made by the company are regarded as favorites at high-end government banquets paid for by the public purse.
Moutai forecasts a 20-percent profit growth this year. The company admits that its liquor supplies have surpassed demand in recent years and that fierce competition has started to diminish its profit margin.
Angang Steel， a Liaoning-based steel maker， reported a 4.16 billion yuan （$670 million） loss in 2012， compared with a 2.1-billion-yuan（$338.1 million） loss in the previous year.
According to bourse regulations， the company had to change its stock name to ST Angang as a warning to investors of its lossmaking record.
In addition， some analysts believe it risks being delisted if it fails to see profits this year.
Angang said steel product prices have slumped due to lower demand at home， overcapacity， rising costs and fierce competition.
Good Harvest year
Leading Chinese liquor producer Kweichow Moutai Co. has posted slower net profit growth for 2012.
The company’s net profit increased 51.86 percent year on year to 13.31 billion yuan （$2.12 billion） last year.
The growth rate is eye-catching but still much lower than the 73.49-percent increase seen in 2011， partly due to relatively weakened demand， affected by the Central Government’s stricter control over spending on official banquets. Spirits made by the company are regarded as favorites at high-end government banquets paid for by the public purse.
Moutai forecasts a 20-percent profit growth this year. The company admits that its liquor supplies have surpassed demand in recent years and that fierce competition has started to diminish its profit margin.