Fushun Special Steel said in its medium results that the company had main business revenues of 1.86 billion yuan in the first half of 2009, down 36.44 percent year-on-year; an operating profit of 12.07 million yuan, down 40.56 percent; a gross profit of 12.90 million yuan, down 39.26 percent; a net profit of 9.08 million yuan, down 47.97 percent; and earnings per share of 0.017 yuan. It produced 288,900 tons of steel and 230,400 tons of steel products during the period, largely the same amount as last year. According to the report, weak demand at home, a drop in selling prices and shrinking exports are held accountable for its plummeting profits.