Baosteel registers net profit of RMB 5.021 billion in Q1

Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has announced an operating revenue of RMB 67.546 billion ($10.7 billion) for the first quarter of the year, down 6.82 percent year on year, and a net profit of RMB 5.021 billion ($0.8 billion) for the quarter in question, up 32.6 percent year on year.