Baogang Group’s net profit down 48.64 percent in 2024

Inner Mongolia-based Chinese steelmaker Baogang Group has stated that it registered an operating revenue of RMB 68.089 billion ($9.5 billion) in 2024, down 3.51 percent year on year, while it posted a net profit of RMB 265 million ($36.8 million) for the given year, down 48.65 percent year on year.