Hbis Company Limited’s Net Profit Dropped 18.4% in First Quarter of 2023

Hbis Company Limited (河钢股份有限公司) (000709.SZ) reported a net profit of 298 million yuan in the first quarter of 2023, down 18.4% year-on-year.

Meanwhile, the company posted 31.9 billion yuan in revenue, up 2.4% year-on-year.

At the end of the reporting period, it had 254.5 billion yuan in total assets and 187.6 billion yuan in total liabilities, with a liability-to-asset ratio of 73.7%.