Fujian Province-based Chinese steelmaker Sansteel Minguang Co., Ltd. has announced that in the first nine months of this year, its operating revenue amounted to RMB 33.04 billion ($4.9 billion), down 0.69 percent year on year, while it recorded a net loss of RMB 626 million ($93.2 million), compared to a net profit of RMB 184 million in the same period last year.
In the July-September period, Sansteel Minguang recorded operating revenue of RMB 10.1 billion ($1.5 billion), down 10.22 percent year on year, while posting a net loss of RMB 434 million ($64.6 million), compared to a net profit of RMB 46.2 million recorded in the same period last year.
