Inner Mongolia Baotou Steel Union Co.,Ltd.’s Net Profit Dropped 72.2% in First Quarter of 2022

Inner Mongolia Baotou Steel Union Co.,Ltd. (内蒙古包钢钢联股份有限公司) (600010.SH) reported a net profit of 241.1 million yuan in the first quarter of 2022, down 72.2% year-on-year.

Meanwhile, the company posted 20.2 billion yuan in revenue, up 15.3% year-on-year.

At the end of the reporting period, it had 149.8 billion yuan in total assets and 85.3 billion yuan in total liabilities, with a liability-to-asset ratio of 56.9%.