Shandong Iron And Steel Co.,Ltd.’s Net Profit Dropped 8.2% in First Quarter of 2022

Shandong Iron And Steel Co.,Ltd. (山东钢铁股份有限公司) (600022.SH) reported a net profit of 891.1 million yuan in the first quarter of 2022, down 8.2% year-on-year.

Meanwhile, the company posted 24.1 billion yuan in revenue, down 9.6% year-on-year.

At the end of the reporting period, it had 74.2 billion yuan in total assets and 40.7 billion yuan in total liabilities, with a liability-to-asset ratio of 54.9%.