Chinese steel company Xinxing Ductile Iron Pipes Co., Ltd. (Xinxing Ductile Iron Pipes) of Hebei Province announced that its operating revenue was 27.183 billion yuan (US$3.8 billion) from January to September this year, up 0.38 percent year-on-year. During the period, Xinxing Ductile Iron Pipes recorded a net profit of 699 million yuan (US$98.5 million), up 44.67 percent year-on-year.
Between July and September this year, Xinxing Ductile Iron Pipes recorded operating revenue of 9.455 billion yuan (USD 1.3 billion), up 13.25 percent year-on-year, while recording a net profit. amounted to 296 million yuan ($41.7 million), up 430.36 percent over last year.
