On April 28, Henan Province-based Chinese steelmaker Anyang Iron and Steel announced that in the first quarter of this year it achieved an operating revenue of RMB 5.904 billion, up 21.7 percent year on year, and a net profit of RMB 14.6878 million, marking an increase of 104.56 percent year on year, with basic earnings per share of RMB 0.0061 for the quarter.
The company said that the growth in its profit was attributable to the effect of national policy measures, the recovery of the economy, as well as the increases in sales volumes and prices.