Sangang Minguang sees 15.88 percent rise in operating revenue in 2016

Fujian Province-based Chinese steelmaker Fujian Sangang Minguang Co., Ltd (Sangang Minguang) has announced in its annual report that in 2016 it registered an operating revenue of RMB 14.53 billion ($2.11 billion), up 15.88 percent year on year, with a net profit of RMB 920 million ($133.72 million), compared to the net loss of RMB 930 million it recorded in 2015.