Liaoning Province-based Chinese steel producer Lingyuan Iron & Steel Co., Ltd (Lingyuan Steel) has stated that in the first half of this year it registered an operating revenue of RMB 10.085 billion ($1.48 billion), up 20.59 percent year on year, and a net profit of RMB 749 million ($109.7 million), rising by 84.85 percent year on year.