Jiangsu Province-based Chinese company Jiangsu Changbao Steel Tube Co. (Changbao Steel Tube) has announced that in the January-September period of the current year it recorded an operating revenue of RMB 2.14 billion ($0.34 billion), down 27.22 percent year on year, with a net profit of RMB 160 million ($21.16 million), decreasing by 14.55 percent year on year.
In addition, the company stated that it expects to record a net profit in the range of RMB 184-270 million ($28.93-42.45 million) for the whole of the current year.