FilingReader Intelligence
Hangzhou Iron & Steel plans 1.9bn yuan wealth management amid losses
July 11, 2025 at 09:29 AM UTC•By FilingReader AI
Hangzhou Iron & Steel has approved a plan to invest up to 1.9 billion yuan of idle funds in wealth management products and structured deposits.
The company expects a net loss of approximately 111 million yuan for the first half of 2025, primarily due to low steel prices and reduced investment income.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
News Alerts
Get instant email alerts when Hangzhou Iron & Steel Group publishes news
Free account required • Unsubscribe anytime