Fangda Special Steel's 2017 net profit soars 281.4% on year

China's largest flat spring steel producer, Shanghai-listed Fangda Special Steel Technology Co (Fangda Special Steel), based in East China's Jiangxi province, posted a spectacular 281.4% year-on-year surge in net profit for 2017 to Yuan 2.54 billion ($403 million), according to its latest annual report released on February 9.

China’s largest flat spring steel producer, Shanghai-listed Fangda Special Steel Technology Co (Fangda Special Steel), based in East China’s Jiangxi province, posted a spectacular 281.4% year-on-year surge in net profit for 2017 to Yuan 2.54 billion ($403 million), according to its latest annual report released on February 9.In its