Anhui Province-based Chinese steelmaker Masteel has announced an operating revenue of RMB 52.865 billion ($7.97 billion) in the first nine months of the current year, up 60.24 percent year on year, and a net profit of RMB 2.74 billion ($0.41 billion), indicating a sharp rise compared to a net profit of RMB 759 million in the same period last year.