S. dollars), which is 9.67 percent less than last year, a net profit of 568 million yuan (80 million US dollars) compared to a net loss in yuan. During the same period last year, 981 million were recorded.
In the July-September quarter of this year, Taigang Stainless Steel company recorded operating revenue of 22.04 billion yuan (3.1 billion U.
S. dollars), down 13.82 percent from last year, with a net profit of 175 million yuan (24.6 million U.
S. dollars) for the period compared with a net loss at 693 million yuan, recorded in the same period last year.
Since the beginning of this year, faced with the difficult and challenging market situation, Taigang Stainless Steel Company has implemented reforms and innovations as its driving force, stepped up research and development of high-quality, precision and special products, which has increased the efficiency of its business and contributed to the improvement of its results in the first nine months of this year.
