Hangzhou Iron And Steel Co.,Ltd.’s Net Profit Dropped 69.4% in First Three Quarters 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 496.5 million yuan in the first three quarters of 2022, down 69.4% year-on-year.

Meanwhile, the company posted 36.3 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 32.6 billion yuan in total assets and 12.3 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.