Beijing Shougang Q1 Profit Down 47%, Revenue Slips 2%
Beijing Shougang (SHE:000959) posted first-quarter attributable net profit of 174.1 million yuan, down 47% from 329.6 million yuan the previous year.Earnings per share declined to 0.0226 yuan from 0.0425 yuan, according to a filing with the Shenzhen bourse.Operating revenue slipped 5.7% year over year to 25.1 billion yuan from 26.6 billion yuan.Shares of the steel products maker were down 2% in recent trade.