Zhejiang Province-based Chinese steelmaker Yongxing Special Stainless Steel Co. (Yongxing Special Steel) has announced that in theJanuary-September period of the current year it registered an operating revenue of RMB 2.607 billion ($0.42 billion), down 15.63 percent year on year, with a net profit of RMB 189 million ($29.79 million), down 13.9 percent year on year. In particular, the company recorded an operating revenue of RMB 805 million ($126.89 million) in the third quarter of current year, down 17.77 percent year on year, with a net profit of RMB 66.924 million ($10.55 million), up 1.25 percent year on year.
In addition, the company expects a net profit in the range of RMB 211-264 million ($33.26-41.61 million) for the whole of 2015, down by not more than 20 percent year on year.