Hebei Province-based Chinese pipe producer Xinxing Ductile Iron Pipes Co. (Xinxing Ductile Iron Pipes) has stated that it expects to register a net profit of RMB 1.08-1.21 billion for the first half of the current year, up 116-141 percent year on year.
The company stated that optimization of strategic layout and improvement in quality and efficiency contributed to its increased net profit in the given period.