Hbis Company Limited’s Net Profit Dropped 26.6% in First Three Quarters of 2023

Hbis Company Limited (河钢股份有限公司) (000709.SZ) reported a net profit of 1 billion yuan in the first three quarters of 2023, down 26.6% year-on-year.

Meanwhile, the company posted 95.7 billion yuan in revenue, down 13.1% year-on-year.

At the end of the reporting period, it had 256.9 billion yuan in total assets and 186.8 billion yuan in total liabilities, with a liability-to-asset ratio of 72.7%.