Hebei Province-based Chinese steelmaker Hebei Iron and Steel Co. Ltd has stated in its financial report for the first half of the current year that it recorded a net profit of RMB 333 million ($54.06 million) in the given period, up 334.6 percent year on year, with earnings per share of RMB 0.031.
In addition, Hebei Steel registered an operating revenue of RMB 50.676 billion ($8.23 billion) in the first half this year, down 7.54 percent year on year.