Hangzhou Iron And Steel Co.,Ltd.’s Net Profit Dropped 70.7% in 2022

Hangzhou Iron And Steel Co.,Ltd. (杭州钢铁股份有限公司) (600126.SH) reported a net profit of 480.1 million yuan in 2022, down 70.7% year-on-year.

Meanwhile, the company posted 43.3 billion yuan in revenue, down 13.3% year-on-year.

At the end of the reporting period, it had 28.6 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 29.4%.