Liaoning Province-based Chinese steelmaker Bengang Steel Plates Co. (Bengang Steel Plates), a listed subsidiary of Benxi Iron and Steel (Group) Co. (Bengang Group), has announced that in the first quarter this year it registered an operating revenue of RMB 6.164 billion ($0.95 billion), down 35.61 percent year on year, with a net profit of RMB 41.106 million ($6.35 million), down 42.68 percent year on year.
Meanwhile, in its annual report for 2015, Bengang Steel Plates has announced that it achieved an operating revenue of RMB 29.25 billion ($4.52 billion), down 29.38 percent year on year; while it registered a net loss of RMB 3.294 billion ($0.51 billion) in the given year, compared to a net profit of RMB 233 million ($36.01 million) in 2014.