Hangxiao Steel Structure Co.,Ltd.’s Net Profit Rose 32.5% in First Quarter of 2023

Hangxiao Steel Structure Co.,Ltd. (杭萧钢构股份有限公司) (600477.SH) reported a net profit of 69.8 million yuan in the first quarter of 2023, up 32.5% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 4% year-on-year.

At the end of the reporting period, it had 14.2 billion yuan in total assets and 8.6 billion yuan in total liabilities, with a liability-to-asset ratio of 61.1%.