Gansu Jiu Steel Group Hongxing Iron&Steel Co.,Ltd. Posted 2.5 Billion Yuan Net Loss in 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 2.5 billion yuan in 2022, reversing a net profit of 1.5 billion yuan for the previous year.

Meanwhile, the company posted 44.6 billion yuan in revenue, down 8.3% year-on-year.

At the end of the reporting period, it had 40.4 billion yuan in total assets and 29.2 billion yuan in total liabilities, with a liability-to-asset ratio of 72.3%.