Hangxiao Steel Structure Co.,Ltd.’s Net Profit Dropped 40.8% in 2022

Hangxiao Steel Structure Co.,Ltd. (杭萧钢构股份有限公司) (600477.SH) reported a net profit of 289.2 million yuan in 2022, down 40.8% year-on-year.

Meanwhile, the company posted 9.9 billion yuan in revenue, up 3.7% year-on-year.

At the end of the reporting period, it had 13.9 billion yuan in total assets and 8.5 billion yuan in total liabilities, with a liability-to-asset ratio of 60.9%.