Zhejiang Province-based Chinese steelmaker Yongxing Special Stainless Steel Co. (Yongxing Special Steel) has announced that in the first nine months of the current year it registered an operating revenue of RMB 2.923 billion ($0.44 billion), up 26.29 percent year on year, with a net profit of RMB 260 million ($39.22 million), rising by 26.62 percent year on year.
Meanwhile, Yongxing Special Steel also announced that it expects to register a net profit in the range of RMB 278.965-355.047 million for the full year of 2017, up 10.0-40.0 percent year on year.