Liaoning Province-based Chinese steel producer Lingyuan Iron & Steel Co., Ltd (Lingyuan Steel) has stated that in 2017 it registered an operating revenue of RMB 17.988 billion ($2.86 billion), up 24.37 percent year on year, and a net profit of RMB 1.207 billion ($0.19 billion), rising by 801.01 percent year on year.
Meanwhile, the company also issued its financial report for the first quarter of the current year, announcing an operating revenue of RMB 4.442 billion ($0.71 billion), up 14.2 percent, and a net profit of RMB 255 million ($40.6 million), rising by 53.01, both percent year on year.