After the takeover by the Chinese steelmaker Shougang Group, Shougang Tonggang Group returned to profit after three consecutive years of loss amounting RMB 2.26 billion ($0.354 billion). In January-July period of 2011, the company registered a profit of RMB 365 million ($57.21 million).
In January-July 2011, Tonggang Group's gross industrial output value was RMB16.83 billion ($ 2.64 billion), increasing by RMB 2.99 billion ($ 0.469 billion) or 21.62 percent year on year. Meanwhile its net profit reached RMB 365 million ($ 57.21 million), increasing by RMB 409 million ($ 64.11million) year on year