Hangxiao Steel Structure Co.,Ltd.’s Net Profit Dropped 43.2% in First Three Quarters of 2022

Hangxiao Steel Structure Co.,Ltd. (杭萧钢构股份有限公司) (600477.SH) reported a net profit of 240.8 million yuan in the first three quarters of 2022, down 43.2% year-on-year.

Meanwhile, the company posted 7.3 billion yuan in revenue, up 8.8% year-on-year.

At the end of the reporting period, it had 13.4 billion yuan in total assets and 7.9 billion yuan in total liabilities, with a liability-to-asset ratio of 58.8%.