Hangzhou Iron And Steel Co.,Ltd.’s Net Profit Dropped 82.6% in First Three Quarters 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 86.4 million yuan in the first three quarters of 2023, down 82.6% year-on-year.

Meanwhile, the company posted 39.5 billion yuan in revenue, up 8.6% year-on-year.

At the end of the reporting period, it had 32.9 billion yuan in total assets and 12.8 billion yuan in total liabilities, with a liability-to-asset ratio of 38.9%.