Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has issued its preliminary financial report for 2014, announcing an operating revenue of RMB 188.427 billion ($30.39 billion), down 0.84 percent, and a net profit of RMB 5.823 billion ($0.94 billion), up 0.08 percent, both year on year.
In its statement, Baosteel said that the decline in its operating revenue was mainly due to decreases in sales prices of products and the maintenance of some equipment during the year.