HBIS Co. posts net profit of RMB 805 million for January-September

Wednesday, 01 November 2023 09:55:09 (GMT+3)   |   Shanghai

Hebei Province-based Chinese steelmaker HBIS Company Ltd has issued its financial report for the first nine months this year, stating that its operating revenue amounted to RMB 95.652 billion ($13.3 billion) in the given period, down 13.07 percent year on year, while its net profit totaled RMB 805 million ($112 million), down 30.77 percent year on year.

In the July-September period this year, HBIS Company registered an operating revenue of RMB 31.298 billion ($4.4 billion), down 17.72 percent year on year, while it posted a net profit of RMB 294 million ($41 million), up 55.77 percent year on year.

EuniceOuyang
Eunice Ouyang
Editor

I graduated from University of Shanghai for Science and Technology, with 16 years of deep expertise in the steel industry. I am responsible for steel-related news and intelligence, as well as leading the content team in China.

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