Hangzhou Iron And Steel Co.,Ltd.’s Net Profit Dropped 47.7% in First Half 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 517.2 million yuan in the first half of 2022, down 47.7% year-on-year.

Meanwhile, the company posted 25.8 billion yuan in revenue, up 1.3% year-on-year.

At the end of the reporting period, it had 31 billion yuan in total assets and 10.8 billion yuan in total liabilities, with a liability-to-asset ratio of 34.8%.