Gansu Jiu Steel Group Hongxing Iron&Steel Co.,Ltd. Posted 395.3 Million Yuan Net Loss in First Half of 2023

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 395.3 million yuan in the first half of 2023, widening 831.6% year-on-year.

Meanwhile, the company posted 20.6 billion yuan in revenue, down 21.3% year-on-year.

At the end of the reporting period, it had 41.7 billion yuan in total assets and 30.9 billion yuan in total liabilities, with a liability-to-asset ratio of 74.1%.