The Chinese company said its net deficit to 30 September was CNY 343m ($56m), from CNY 57m in the same period of 2013.

Revenue climbed to CNY 2.23bn from CNY 1.11bn, but expenses were CNY 2.64bn against CNY 1.33bn the year before.

GSI’s shares remain suspended after a trading halt began in April as parent CSSC studies how to reorganise the group.

The