Daye Special Steel sees net profit of RMB 56.819 million in Q1

Hubei Province-based Chinese steelmaker Daye Special Steel Co. (Daye Special Steel) has announced in its quarterly report that it registered an operating revenue of RMB 1.439 billion ($0.22 billion) for the first quarter of the current year, down 7.22 percent year on year, with a net profit of RMB 56.819 million ($8.74 million), decreasing by 5.09 percent year on year.