Jiangxi Province-based Chinese steelmaker Fangda Special Steel Technology Co., Ltd. (Fangda Special Steel) has issued its financial report for the first six months this year, stating that its operating revenue amounted to RMB 13.389 billion ($1.9 billion) in the given period, down 23.1 percent year on year, while its net profit amounted to RMB 285 million ($40 million), down 71.03 percent year on year.
In the given period, Fangda Special Steel’s production and sales of steel products amounted to 1.9262 million mt and 1.9245 million mt, down 7.89 percent and 7.52 precent, respectively, year on year.