Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel (Baogang) has announced that in the first nine months of the current year it registered an operating revenue of RMB 34.882 billion ($5.26 billion), up 74.39 percent year on year, with a net profit of RMB 1.407 billion ($0.21 billion), compared to the net profit of RMB 235 million recorded in the same period of 2016.