Guangdong Province-based Chinese steel rolling and processing company SGIS Songshan Co., an affiliate of Guangdong-based Shaoguan Iron and Steel Co. (Shaogang), has announced that it expects to register a net profit of RMB 1.73 billion ($0.26 billion) in the first half of this year, up 158.69 percent compared to the net profit of RMB 669 million recorded in the same period of the previous year.