Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd.

Shanghai Stock Exchange 600307.SS

Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2023: 1.72

Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd. Debt to Equity Ratio is 1.72 for the year ending December 31, 2023, a 22.45% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.

Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2022 was 1.40, a 32.55% change year over year.
Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2021 was 1.06, a -21.83% change year over year.
Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2020 was 1.35, a -12.11% change year over year.
Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2019 was 1.54, a -18.34% change year over year.

Key data

Date	Debt to Equity Ratio	Debt to Income Ratio	Debt to Tangible Net Worth Ratio	Dividend Coverage Ratio

Shanghai Stock Exchange: 600307.SS

Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd.

CEO	Mr. Mingqiang Hou
IPO Date	Dec. 20, 2000
Location	China
Headquarters	12 Xiongguandong Road
Employees	16,637
Sector	Materials
Industries Steel Metals

Description

Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd. produces and sells iron and steel and their rolled products in China, South Korea, Japan, the United States, Hong Kong, and Taiwan. It offers steel products, electrolytic aluminum equipment, manufacturing ferro alloys, and non-metallic materials; and engages in the wine, dairy, and public service industries. The company was founded in 1999 and is based in Jiayuguan, China. Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd. is a subsidiary of Jiuquan Iron & Steel (Group) Co., Ltd.

Key trends

Past 5 years