Xinjiang Autonomous Region-based Chinese steelmaker Bayi Iron and Steel Group (Bayi Steel) has announced an operating revenue of RMB 15.38 billion ($2.21 billion) for the January-September period of the current year, up 22.32 percent year on year, as well as a net profit of RMB 577 million ($82.9 million) for the given period, declining by 33.26 percent year on year.