Anyang Iron And Steel Co.,Ltd. Posted 559.5 Million Yuan Net Loss in First Quarter of 2022

Anyang Iron And Steel Co.,Ltd. (安阳钢铁股份有限公司) (600569.SH) reported a net loss of 559.5 million yuan in the first quarter of 2022, reversing a net profit of 214.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 8.5 billion yuan in revenue, down 19.3% year-on-year.

At the end of the reporting period, it had 47.6 billion yuan in total assets and 36.5 billion yuan in total liabilities, with a liability-to-asset ratio of 76.7%.