Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co.(Xinyu Steel) has announced an operating revenue of RMB 22.614 billion ($3.46 billion) for the first half of the current year, up 83.69 percent year on year, while it has posted a net profit of RMB 571.9 million ($87.6 million) for the given period, indicating a sharp rise compared to the net profit of RMB 110.81 million recorded in the same period last year.