Hangzhou Iron And Steel Co.,Ltd.’s Net Profit Dropped 91.7% in First Quarter of 2023

Hangzhou Iron And Steel Co.,Ltd. (杭州钢铁股份有限公司) (600126.SH) reported a net profit of 32.3 million yuan in the first quarter of 2023, down 91.7% year-on-year.

Meanwhile, the company posted 12.5 billion yuan in revenue, up 5.7% year-on-year.

At the end of the reporting period, it had 32.8 billion yuan in total assets and 12.6 billion yuan in total liabilities, with a liability-to-asset ratio of 38.4%.