Hunan Valin Steel Co.,Ltd.’s Net Profit Dropped 57.5% in First Quarter of 2023

Hunan Valin Steel Co.,Ltd. (湖南华菱钢铁股份有限公司) (000932.SZ) reported a net profit of 1 billion yuan in the first quarter of 2023, down 57.5% year-on-year.

Meanwhile, the company posted 39.8 billion yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 129 billion yuan in total assets and 68.8 billion yuan in total liabilities, with a liability-to-asset ratio of 53.3%.