Chongqing Iron & Steel Co., Ltd. Class H (HK:1053) has released an update.
Chongqing Iron & Steel Co., Ltd. Class H reported a significant drop in revenue by 38.88% for the third quarter of 2024, with net profits showing a loss compared to the previous year. Despite the decrease in revenue, the company saw a substantial increase in net cash flow from operating activities, highlighting an improvement in operational efficiency. The company’s total assets and equity also saw a decline, reflecting the challenging financial environment.
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