Yongxing Special Steel sees increased net profit in Q1

Zhejiang Province-based Chinese steelmaker Yongxing Special Stainless Steel Co. (Yongxing Special Steel) has announced that in the first quarter of the current year it registered an operating revenue of RMB 663 million ($101.69 million), down 22.18 percent year on year, with a net profit of RMB 53.692 million ($8.23 million), rising by 4.13 percent year on year.