Delong Holdings Limited announced unaudited group earnings results for the second quarter and half year ended June 30, 2017. For the quarter, the company reported sales of RMB 3,199,044,000 compared to RMB 2,543,396,000 a year ago. The increase in revenue was principally attributed to a significant increase in average selling prices of hot rolled coil coupled with an increase in sales volume of HRC driven by infrastructure and construction activities in the PRC in second quarter 2017 as compared to previous corresponding period. Profit before tax was RMB 454,957,000 compared to RMB 274,671,000 a year ago. Profit attributable to equity holders of the company was RMB 380,847,000 or RMB 3.46 per basic and diluted share compared to RMB 284,800,000 or RMB 2.58 per basic and diluted share a year ago. Net cash provided by operating activities was RMB 1,194,289,000 compared to RMB 629,382,000 a year ago. Payments for property, plant and equipment were RMB 105,843,000 compared to RMB 109,433,000 a year ago. Cash from operating activities increased, attributable mainly to the increase in the issuance of letters of credit in place of notes payables for the period under review. For the half year, the company reported sales of RMB 6,185,748,000 compared to RMB 4,629,695,000 a year ago. The increase in revenue was principally attributed to a significant increase in average selling prices of HRC sold amid tighter supplies following production cuts and increased infrastructure and construction activities in the PRC. Profit before tax was RMB 891,022,000 compared to RMB 382,412,000 a year ago. Profit attributable to equity holders of the company was RMB 768,636,000 or RMB 6.98 per basic and diluted share compared to RMB 380,510,000 or RMB 3.45 per basic and diluted share a year ago. Net cash provided by operating activities was RMB 2,232,348,000 compared to RMB 447,235,000 a year ago. Payments for property, plant and equipment were RMB 145,172,000 compared to RMB 146,008,000 a year ago. Net cash from operating activities increased, attributable mainly to the decrease in bank balances pledged as security to banks for the issuance of notes payable as well as the increase in trade and other payables including letters of credit during the period under review. Net Asset Value per share was RMB 29.88.