
1Q14earningsdown7.2%YoYandup28.3%QoQ。In1Q14,revenue+0.8%YoYtoRmb46.75bn.Netprofitwasdown7.2%YoYbutup28.3%QoQtoRmb1.51bnorRmb0.09/sh,inlinewithourforecast.Salesgrewslightly;high-endproductsincreasedrapidly.In1Q14,salesofcrudesteel-2.7%YoYto5.65mntonnesandbillets+1.4%YoYor+3.4%QoQto5.54mntonnes(coldrolledautoplates+19.5%andultra-highstrengthsteel+220%),showingthecompany’s...