Angang Steel Co.,Ltd.’s Net Profit Dropped 1.4% in First Quarter of 2022

Angang Steel Co.,Ltd. (鞍钢股份有限公司) (000898.SZ) reported a net profit of 1.5 billion yuan in the first quarter of 2022, down 1.4% year-on-year.

Meanwhile, the company posted 34.9 billion yuan in revenue, up 9.8% year-on-year.

At the end of the reporting period, it had 101.1 billion yuan in total assets and 39.5 billion yuan in total liabilities, with a liability-to-asset ratio of 39.1%.