Gansu Province-based Chinese steel producer Hongxing Steel, a listed subsidiary of Gansu-based steelmaker Jiuquan Iron and Steel Group (JISCO), has announced that it has registered an operating revenue of RMB 23.04 billion ($3.35 billion) in the first half of the year, up 19.22 percent year on year, while posted a net profit of RMB 585 million ($85.1 million) for the given period, increasing by 66.74 percent compared to the same period of the previous year.