Jiangsu Shagang Co.,Ltd.’s Net Profit Dropped 15.3% in First Quarter of 2022

Jiangsu Shagang Co.,Ltd. (江苏沙钢股份有限公司) (002075.SZ) reported a net profit of 363.6 million yuan in the first quarter of 2022, down 15.3% year-on-year.

Meanwhile, the company posted 4.6 billion yuan in revenue, up 13.2% year-on-year.

At the end of the reporting period, it had 15.8 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 36.8%.