Shougang posted a net profit of 94.87 million yuan in the first half of this year, down 82.77 percent from 550 million yuan a year earlier; a gross revenue of 10.87 billion yuan, down 25 percent from 14.48 billion yuan, basic earnings per share of 0.032 yuan, down 82.76 percent from 0.1856 yuan; and a return on equity of 1.22 percent, down 5.81 percentage points. It produced 2.12 million tons of pig iron, 2.28 million tons of steel and 1.43 million tons of steel products over the period, completing 50.08 percent, 50.26 percent and 56.39 percent respectively of the yearly plan.