Gansu Jiu Steel Group Hongxing Iron&Steel Co.,Ltd. Posted 1.5 Billion Yuan Net Loss in First Three Quarters 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 1.5 billion yuan in the first three quarters of 2022, reversing a net profit of 2.5 billion yuan for the same period in the previous year.

Meanwhile, the company posted 36.5 billion yuan in revenue, down 9.6% year-on-year.

At the end of the reporting period, it had 39.9 billion yuan in total assets and 27.6 billion yuan in total liabilities, with a liability-to-asset ratio of 69.3%.