Nanjing Iron&Steel Co.,Ltd.’s Net Profit Dropped 28% in First Quarter of 2022

Nanjing Iron&Steel Co.,Ltd. (南京钢铁股份有限公司) (600282.SH) reported a net profit of 704.9 million yuan in the first quarter of 2022, down 28% year-on-year.

Meanwhile, the company posted 17 billion yuan in revenue, up 0.6% year-on-year.

At the end of the reporting period, it had 60.6 billion yuan in total assets and 32.5 billion yuan in total liabilities, with a liability-to-asset ratio of 53.7%.