Fushun Special Steel Co.,Ltd.’s Net Profit Dropped 50.6% in First Quarter of 2022

Fushun Special Steel Co.,Ltd. (抚顺特殊钢股份有限公司) (600399.SH) reported a net profit of 85.4 million yuan in the first quarter of 2022, down 50.6% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 10.6 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 43.7%.