Fujian Province-based Chinese steelmaker Fujian Sangang Minguang Co., Ltd (Sangang Minguang) has issued its preliminary financial report for 2018, announcing an operating revenue of RMB 36.248 billion ($5.35 billion), up 14.4 percent year on year, and a net profit of RMB 6.506 billion ($0.96 billion), rising by 20.03 percent year on year.