Hebei Province-based Chinese steelmaker Xinxing Ductile Iron Pipes Co., Ltd. (Xinxing Ductile Iron Pipes) has announced that it registered an operating revenue of RMB 27.183 billion ($3.8 billion) in the January-September period this year, up 0.38 percent year on year. In the given period, Xinxing Ductile Iron Pipes posted a net profit of RMB 699 million ($98.5 million), up 44.67 percent year on year.
In the July-September period this year, Xinxing Ductile Iron Pipes registered an operating revenue of RMB 9.455 billion ($1.3 billion), up 13.25 percent year on year, while posted a net profit of RMB 296 million ($41.7 million), up 430.36 percent year on year.
