Baotou Steel Union raises nine-month net profit by 94.22%

Chinese steelmaker Baotou Steel Union reported net profit of RMB 452 million ($67.3 million) for January-September 2026, up 94.22% from the same period a year earlier.

Revenue for the nine months fell 10.53% to RMB 43.02 billion ($6.4 billion). In July-September, net profit rose 112.11% year on year to RMB 172 million ($25.6 million), while revenue declined 10.55% to RMB 14.98 billion ($2.2 billion).