Zhejiang Province-based Chinese steelmaker Yongxing Special Stainless Steel Co. (Yongxing Special Steel) has issued its financial results for 2015 and for the first quarter of the current year. In 2015, the steel producer registered an operating revenue of RMB 3.36 billion ($0.52 billion), down 16.39 percent year on year, with a net profit of RMB 222 million ($34.27 million), decreasing by 16.11 percent year on year.
In addition, in the first quarter of the current year, Yongxing Special Steel recorded an operating revenue of RMB 663 million ($102.35 million), down 22.18 percent year on year, with a net profit of RMB 53.692 million ($8.29 million), increasing by 4.13 percent year on year.