Hunan Valin Steel Co.,Ltd.’s Net Profit Dropped 29.2% in First Three Quarters of 2022

Hunan Valin Steel Co.,Ltd. (湖南华菱钢铁股份有限公司) (000932.SZ) reported a net profit of 5.9 billion yuan in the first three quarters of 2022, down 29.2% year-on-year.

Meanwhile, the company posted 124.4 billion yuan in revenue, down 7.9% year-on-year.

At the end of the reporting period, it had 112.8 billion yuan in total assets and 57.1 billion yuan in total liabilities, with a liability-to-asset ratio of 50.7%.