Hunan Valin Iron & Steel Co. has announced a significant decline in its financial performance for the first half of 2024. The company reported an operating revenue of RMB 75.67 billion ($10.6 billion), a decrease of 4.54% year-on-year. Additionally, its net profit fell to RMB 1.331 billion ($0.19 billion), reflecting a substantial drop of 48.16% compared to the same period last year.