Jiangxi Province-based Chinese steelmaker Fangda Special Steel Technology Co., Ltd (Fangda Special Steel) has for the first quarter of the current year announced an operating revenue of RMB 3.863 billion ($0.62 billion), increasing by 40.15 percent year on year, and a net profit of RMB 557 million ($88.6 million), up 95.68 percent year on year.