FilingReader Intelligence

Hangzhou Iron & Steel net profit plunges over 200% in Q1

April 26, 2025 at 05:06 AM UTCBy FilingReader AI

Hangzhou Iron & Steel Co., Ltd. (SSE:600126) reported a sharp downturn in its financial performance for the first quarter of 2025. The company's net profit attributable to shareholders plummeted by 202.49% to a loss of CNY 34,995,834.43, compared to a profit of CNY 34,144,600.49 in the same period last year. Revenue also decreased by 10.01% to CNY 14,436,906,612.33. Basic and diluted earnings per share both reflected a decrease, going from CNY 0.01 to CNY -0.01.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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