According to the interim financial report, in the first half of this year, Hebei Province-based Chinese steel producer Hebei Steel Group saw a year-on-year increase of 11.64 percent in its net profit, reaching RMB 803 million ($125.7 million). Meanwhile, the company's earnings per share was RMB 0.12 ($0.019), rising by 20 percent compared to the same period of 2010. In the given period, it achieved a total operating income of RMB 68.6 billion ($10.7 billion), indicating an increase of 16.88 percent year on year.
In the first six months of the year, Hebei Steel produced 12.54 million mt of pig iron, down 1.6 percent year on year. At the same time, the aggregate outputs of crude steel, finished steel and vanadium slag were respectively 12.45 million mt, 12.29 million mt and 94,600 mt, increasing by 3.69 percent, 0.25 percent and 9.36 percent year on year.