Beijing Shougang Co.,Ltd.’s Net Profit Dropped 12% in First Quarter of 2022

Beijing Shougang Co.,Ltd. (北京首钢股份有限公司) (000959.SZ) reported a net profit of 1.2 billion yuan in the first quarter of 2022, down 12% year-on-year.

Meanwhile, the company posted 31.8 billion yuan in revenue, up 8.8% year-on-year.

At the end of the reporting period, it had 147.9 billion yuan in total assets and 97.5 billion yuan in total liabilities, with a liability-to-asset ratio of 65.9%.