Chinese metallurgical company Bayi Iron and Steel Co., Ltd. (Bayi Steel), based in the Xinjiang Autonomous Region, announced that in January-September this year it recorded operating revenue of 14.617 billion yuan ($2.1 billion), down 1.39% year-on-year, while a net loss of 572 million yuan ($80.6 million) for the period, compared with a net loss of 1.445 billion yuan recorded in the same period last year.
In July-September, Bayi Steel recorded operating revenue of 5.884 billion yuan ($0.83 billion), up 7.78% year-on-year, with a net profit of 125 million yuan ($17.6) million) for the said period, compared with a net loss of RMB 725 million in the same period of the previous year.
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