Nanjing Steel said in its annual report that the mill had an operating income of 23.30 billion yuan last year, down 17.81 percent; a net profit of 138 million yuan, up 13.76 percent and earnings per share of 0.08 yuan. In 2009, Nanjing Steel produced 5.50 million tons of crude steel, up 10.79 percent; 6.03 million tons of pig iron, up 17.33 percent; 4.74 million tons of steel products, up 11.47 percent; and 3.14 million tons of medium plate and plate coil, up 3.28 percent. The mill has been managing to compensate losses caused by falling finished steel prices by reducing its raw materials procurement costs. Nanjing Steel, whose main consumer group centers on East China market, plans to reap 23.4 billion yuan in operating revenues this year, accomplish a fixed asset investment of 673 million yuan, have a production-to-sales ratio of 100 percent, as well as produce 5.6 million tons of steel, 6.2 million tons of pig iron and 4.79 million tons of steel products.