Henan Province-based Chinese steelmaker Zhongyuan Special Steel Co., Ltd (Zhongyuan Special Steel) has announced that in the first nine months of the current year it achieved an operating revenue of RMB 777.3 million ($117.3 million), up 14.65 percent year on year, and a net loss of RMB 147 million ($22.2 million), compared to a net loss of RMB 89.53 million in the same period of 2016.
Zhongyuan Special Steel stated that in the given period decreasing non-business income and increasing financial fees and business taxes resulted in a bigger loss compared to the same period last year.