Hbis Company Limited’s Net Profit Dropped 42.7% in First Half of 2023

Hbis Company Limited (河钢股份有限公司) (000709.SZ) reported a net profit of 619.7 million yuan in the first half of 2023, down 42.7% year-on-year.

Meanwhile, the company posted 64.4 billion yuan in revenue, down 10.6% year-on-year.

At the end of the reporting period, it had 255.5 billion yuan in total assets and 186.6 billion yuan in total liabilities, with a liability-to-asset ratio of 73.1%.