Sansteel Minguang Co.,Ltd.,Fujian’s Net Profit Dropped 42.3% in First Quarter of 2022

Sansteel Minguang Co.,Ltd.,Fujian (福建三钢闽光股份有限公司) (002110.SZ) reported a net profit of 535.3 million yuan in the first quarter of 2022, down 42.3% year-on-year.

Meanwhile, the company posted 12.8 billion yuan in revenue, down 11.6% year-on-year.

At the end of the reporting period, it had 45.8 billion yuan in total assets and 21.9 billion yuan in total liabilities, with a liability-to-asset ratio of 47.9%.