OREANDA-NEWS. April 04, 2011. Baoshan Iron & Steel Co., Ltd(hereafter referred to as Baosteel Co., Ltd or Company,SSE:600019) released its annual performance of the year 2010:sales of commercial billet of 25,261,000 tons in year 2010,with total turnover of 202,410,000,000 Yuan and total profit of 17,080,000,000 Yuan which are up by 12.6%,36.3% and134.0% compared with same period of last year. This continued to be the best operation performance in the industry nationwide. Attributed net profit to listed company is 12,890,000,000 Yuan, EPS is 0.74 Yuan/share,Return on Common Stockholders' Equity (ROE) is12.64%,net asset per share is  5.98 Yuan/share, reported the press-centre of Baosteel.

Considering Company's estimated operation condition and fund demand in 2011, Company planed to award dividends to all confirmed share holders with registration records at the share equity registration date in the dividends attribution notice as follows: cash dividends of 3.0 Yuan(including tax) for every 10 shares and the total cash dividends is 5,250,000,000 Yuan. Related proposal shall be submitted to the Company 2010 annual shareholder meeting for approval.

In face of the sophisticated market, Company has overcome adversary factors like hiking costs and grab chances to focus on the "customer centered" enterprise operation mechanism, aiming at maximizing steel output, advancing optimization of product mix structure and improving resources flow so as to implement the cost-saving measures. The auto sheets sales has achieved the best in history and Company benefits has therefore been boosted significantly.