According to the interim report issued by Shandong Province-based Chinese steel company Jinan Steel Group, in the January-June period of this year, the company's operating income amounted to RMB 16.6 billion ($2.6 billion), rising by 4.2 percent year on year. However, in the given period, the company's net profit decreased significantly by 91.5 percent year on year to RMB 174.5 billion ($27.3 billion).
During the first half year this year, the producer's output of pig iron, crude steel and finished steel totaled 4.23 million mt, 4.39 million mt and 4.12 million mt respectively.