Hangzhou Iron And Steel Co.,Ltd.’s Net Profit Rose 9.5% in First Quarter of 2022

Hangzhou Iron And Steel Co.,Ltd. (杭州钢铁股份有限公司) (600126.SH) reported a net profit of 390.9 million yuan in the first quarter of 2022, up 9.5% year-on-year.

Meanwhile, the company posted 11.8 billion yuan in revenue, up 10.6% year-on-year.

At the end of the reporting period, it had 31.1 billion yuan in total assets and 10.2 billion yuan in total liabilities, with a liability-to-asset ratio of 32.7%.