Hunan Valin Steel Co., Ltd. Class ASZSE: 000932

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

· Issued by 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.

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