Jiangxi Province-based Chinese steelmaker Fangda Special Steel Technology Co. has announced that its net profit in 2011 indicated a 140.42 percent year-on-year increase to RMB 723 million ($114.76 million).
Meanwhile, in the given year the operating profit of Fangda Special Steel totaled RMB 13.333 billion ($2.116 billion), up 9.65 percent year on year.