The company's net profit attributable to shareholders reached 577.5 million yuan (about 81.5 million U.S. dollars) in the first six months, compared with 1.68 billion yuan in the same period last year, according to its interim results report filed to the Shanghai Stock Exchange Thursday.
Over the period, the company based in east China's Shandong Province saw its revenue reach 32.35 billion yuan, up 30.06 percent year on year.
It produced 5.43 million tonnes of crude iron, 6.26 million tonnes of steel and 5.72 million tonnes of steel products in the first half, up 16.03 percent, 24.86 percent and 19.53 percent year on year, respectively. Its shares opened 0.67 percent lower at 1.49 yuan Friday.
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