Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced that it recorded an operating revenue of RMB 56.086 billion ($8.5 billion) in the first nine months of the current year, up 62.77 percent year on year, while achieving a net profit of RMB 2.572 billion ($0.39 billion) in the given period, compared to a net loss of RMB 1.09624 billion in the same period last year.