China’s Hongxing Iron & Steel reported its sales revenue of RMB39.525 billion in 2010 which was up 9.95T comparing to that in 2009.

In the meanwhile, the company's net profits attributable to shareholder have reached to RMB939 million during 2010, soared by 192.74% year-on-year.

Besides, the company produced 6.55 million tons of iron and 7.72 million tons of steel in 2010, not only exceeding its target goal of 6.49 million tons of iron and 7.1 million tons of steel but also for total sales revenue of RMB30 billion.