Chongqing Iron & Steel Co., Ltd. Class H (HK:1053) has released an update.
Chongqing Iron & Steel Co., Ltd. has reported a decrease in total assets by 2.3% and net assets by 3.78% at the end of the first half of 2024 compared to last year. The company experienced a significant drop in operating income by 28.14% and reported a negative net profit, with an increased net cash flow from operating activities by 98.48%. Production and sales volumes of major products like plate, hot rolling, and wire rods, along with their average selling prices, were also disclosed.
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