Xinjiang Bayi Steel announced on July 14 that its net profit for the first half this year hit 389 million yuan, with 18.73% increase year-on-year.
At the same time, its operating revenue totaled 14.025 billion yuan, about 23.15% hike compared with the same period last year. And the profit for per share increased by 18.6% to 0.51 yuan.