the company 2011 1 quarter of operating income 66.95

Performance on a small increase 12.9% report, the company 2011 1 quarter of operating income 66.95 billion yuan, 29.97% year-on-year growth; Realize relegated to the shareholders of a listed company EPS0.22 net $1.69 billion yuan, mbt sandals sale year-on-year, 310.95% 12.9%, annulus comparing growth. The company growth performance on one hand in a product prices, ton Maori slightly to ascend; On the other hand is mainly comes from actual income tax rates from the current company plunged to 15% to 25%, its reduce part mainly deferred income tax expenses, hence increasing its net profit of about 2,000 million.

Xinjiang regional development and company promising high growth as the xinjiang "leapfrog development", the implementation of the strategy of the fixed asset investment growth in the next few years will be significantly higher thanMBT Tariki, domestic other provinces, during 1025 "total expected" can reach 3.7 trillion yuan, compound growth more than 25 percent, according to our conservative estimate 2015 steel demand can achieve 2746 tons, but insufficient output but in 23 million tons in supply gap still exists, in xinjiang region, the company currently approximately 70% market share in xinjiang, to be in absolute leader, xinjiang takeoff of bayi steel of fast growth means will continue to enjoy low cost, high premium advantage. In addition, eight steel company "1025" period "appoaches" strategy implementation will make its output can improve to 15 million tons, the company is also expected to further expand the scale and extend the industrial chain, become a steel plate of endogenous growth of only a few have one of the stocks.

Perfect industry chain is the general trend currently is the only molten iron and steel plate production capacity without the enterprise, its 600 tons of iron capacity still in eight of the steel group, thus needed molten iron and steel group purchase through eight iron with the group that exist between large scale related party transactions.

The company also promised to future conditions, mature, the company will choose the suitable opportunity to actively take relevant measures to reduce related party transactions. We think the company has injected before both iron process of listed MBT Tenga Mid, companies, including its expected coal washing and rail kuangcaixuan, such as iron, in order to further improve the company's industrial chain.