Hangxiao Steel Structure Co.,Ltd.’s Net Profit Dropped 45.8% in First Quarter of 2022

Hangxiao Steel Structure Co.,Ltd. (杭萧钢构股份有限公司) (600477.SH) reported a net profit of 52.7 million yuan in the first quarter of 2022, down 45.8% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 10.2% year-on-year.

At the end of the reporting period, it had 12.2 billion yuan in total assets and 6.7 billion yuan in total liabilities, with a liability-to-asset ratio of 54.9%.