Valin Group made a profit of 134 million yuan in June with its subsidiaries including Xiangtan Steel, Lianyuan Steel and Hengshui Steel reversing the state of losses. In the January to June period, the group had sales revenue of 24.17 billion yuan. The group has attributed the success to a three-step program that covers the construction of strategic key projects, deliberately buying resources assets from home and abroad and formulating an industrial investment fund with China Huarong Asset Management.