Shanxi Taigang Stainless Steel Co.,Ltd.’s Net Profit Dropped 31.5% in First Quarter of 2022

Shanxi Taigang Stainless Steel Co.,Ltd. (山西太钢不锈钢股份有限公司) (000825.SZ) reported a net profit of 1.3 billion yuan in the first quarter of 2022, down 31.5% year-on-year.

Meanwhile, the company posted 23.2 billion yuan in revenue, up 9% year-on-year.

At the end of the reporting period, it had 70.3 billion yuan in total assets and 33.5 billion yuan in total liabilities, with a liability-to-asset ratio of 47.6%.