Hunan Valin Steel: Net profit plunged 64.82% year-over-year amid weak steel prices and high input costs

About this update from Hunan Valin Steel Co., Ltd. Class A

Net profit attributable to shareholders fell 64.82% year-over-year to ¥197.72 million as steel prices declined and raw material costs stayed high. Revenue dropped 2.70% to ¥29.26 billion, and operating cash flow turned negative. Share buyback and cancellation reduced registered capital.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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