Fujian Province-based Chinese steelmaker Fujian Sangang Minguang Co., Ltd (Sangang Minguang) has announced that it achieved an operating revenue of RMB 15.826 billion ($2.39 billion) in the first nine months of the current year, up 63.08 percent year on year, while recording a net profit of RMB 2.476 billion ($0.37 billion), indicating a sharp rise of 373.03 percent year on year.
The company also said it expects to register a net profit of RMB 3.11845-3.58250 billion for the full year of 2017, up 236-286 percent year on year.