Chongqing Iron&Steel Company Limited’s Net Profit Dropped 59.4% in First Quarter of 2022

Chongqing Iron&Steel Company Limited (重庆钢铁股份有限公司) (601005.SH) reported a net profit of 443 million yuan in the first quarter of 2022, down 59.4% year-on-year.

Meanwhile, the company posted 8.7 billion yuan in revenue, down 12.6% year-on-year.

At the end of the reporting period, it had 42.4 billion yuan in total assets and 19.5 billion yuan in total liabilities, with a liability-to-asset ratio of 46.1%.