Gansu Jiu Steel Group Hongxing Iron&Steel Co.,Ltd. Posted 42.6 Million Yuan Net Loss in First Half of 2022

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 loss of 42.6 million yuan in the first half of 2022, reversing a net profit of 1.9 billion yuan for the same period in the previous year.

Meanwhile, the company posted 26.2 billion yuan in revenue, down 0.4% year-on-year.

At the end of the reporting period, it had 41.7 billion yuan in total assets and 27.9 billion yuan in total liabilities, with a liability-to-asset ratio of 67%.