Chinese Steel Company Sansteel Minguang Co., Ltd. Fujian Province announced that in the first three months, its operating revenue was 11.36 billion yuan (1.66 billion U.
S. dollars), up 4.83 percent from last year, and its net loss was 96.09 million yuan (14.1 million U.
S. dollars), compared with a net profit of 75.48 million yuan for the same period. the period of the past. year.
During the investor relations events hosted by Sansteel Minguang, the company stated that the increase in production contributed to the company's operating revenue increase between January and March of this year.
However, the company also stated that it faced strong operational pressures during this period amid the difficult situation in the steel industry.
The company has set itself the task of optimizing its product structure and developing new products in 2026.
