Xining Special Steel said that its revenue in the first half of the year was 4.388 billion yuan, up 29.6% from a year earlier, and net profit was 58.4685 million yuan, up 365.05% from a year earlier, according to a semi-annual report released by Xining Special Steel on the evening of Aug. 20.
According to the semi-annual report, in the first half of this year, Xining Special Steel increased production and efficiency significantly, producing 831500 tonnes of steel, an increase of 14.55% over the same period last year, and selling 866000 tons of steel, an increase of 20.58% over the same period last year, reaching the best level in history. (Ukrainian metal)