Caixin
Oct 29, 2021 08:00 AM

Gansu Jiu Steel Group Hongxing Iron&Steel Co.,Ltd.’s Net Profit Rose 590.5% in First Three Quarters of 2021

Gansu Jiu Steel Group Hongxing Iron&Steel Co.,Ltd. (甘肃酒钢集团宏兴钢铁股份有限公司) (600307.SH) reported a net profit of 2.5 billion yuan in the first three quarters of 2021, up 590.5% year-on-year.

Meanwhile, the company posted 40.4 billion yuan in revenue, up 51.9% year-on-year.

At the end of the reporting period, it had 39.5 billion yuan in total assets and 24.6 billion yuan in total liabilities, with a liability-to-asset ratio of 62.4%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

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