The semi-annual report released on August 25 shows that the company's cumulative steel output in the first half of this year was 24.9 million tons, up 45.61 percent year on year. Cumulative production of 2.36 million tons, up 44.79% year on year. In the first half of the year, revenue reached 70.84 billion yuan, up 92.88% year on year. The net profit attributable to shareholders of listed companies was 4001 million yuan, a turnaround from a year ago, compared with a net profit of -314 million yuan in the same period last year.

Half annals, said in the first half of 2017 the company seize the market to foreign to the good opportunity, rapid response to market changes, stick to the market demand, strive to promote the production and marketing research work with integration, at the same time, the term is focused on the cost control of the whole process, all-around enhance the level of cost control and enhance the operational efficiency and the economic operation level. The reason for the increase is the sales volume and sales volume of the report.

According to the analysis of the industry, eight steel is mainly engaged in steel smelting, rolling, processing and sales. The products are mainly steel based on high speed wire, screw steel, hot rolled plate, medium thickness plate and other construction and industrial steel. The market in xinjiang is relatively closed, and the price of steel is generally higher than that of the mainstream market. The external steel sources are only wine and steel, with obvious segmentation characteristics. The company has more than 40 per cent of the market share, and the iron water purchase is 100% from the controlling shareholders and can enjoy lower than the national average iron water cost. The company can sit on a larger profit margin. From the local situation, strive to realize social investment in fixed assets in xinjiang in 2017 50% growth, record since 2000, and the rapid growth of investment in fixed assets is a "neighbourhood" all the way to bring the "demand side" of the fixed assets, the second is for repair investment of negative growth in 2016, three is to structure the infrastructure is given priority to, it is forbidden to excess industry capacity. Compared with 2010-2013, this round of fixed asset investment structure is more reasonable and more sustainable. The increase in investment has led to demand for steel, while the closure of the intermediate frequency furnace has reduced the supply of steel, so the price of steel has increased considerably. In terms of cost, the xinjiang region has abundant coking coal and iron ore resources, while the eight steel itself has 6 million tons of iron fine powder production, and the cost of pig iron is lower than that in eastern and northern China. This makes eight steel have higher profitability and market competitiveness.