Hangzhou Iron And Steel Co.,Ltd.’s Net Profit Dropped 89.3% in First Half 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 55.2 million yuan in the first half of 2023, down 89.3% year-on-year.

Meanwhile, the company posted 25.7 billion yuan in revenue, down 0.2% year-on-year.

At the end of the reporting period, it had 32.3 billion yuan in total assets and 12.2 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.