Xining Special Steel posts net loss of RMB 78.7 million for Q1

Qinghai Province-based Chinese steelmaker Xining Special Steel Co. has issued its financial report for the first quarter of the current year. Accordingly, the company recorded an operating revenue of RMB 1.169 billion ($0.19 billion) in the given period, down 12.10 percent year on year, while it posted a net loss of RMB 78.71 million ($12.7 million), compared to a net loss of RMB 88.33 million in the same period last year.