Xinyu Steel’s net profit down 20.91 percent in 2020

Tuesday, 20 April 2021 12:11:59 (GMT+3)   |   Shanghai

Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co., Ltd has issued its financial report for 2020, announcing that it registered an operating revenue of RMB 72.412 billion ($11.1 billion) for the year, up 25.06 percent year on year, and a net profit of RMB 2.7 billion ($0.41 billion), down 20.91 percent year on year.

Xinyu Iron and Steel Group has an annual crude steel capacity of more than 10 million mt.

$1 = RMB 6.5103

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