Maanshan Iron&Steel Company Limited,.’s Net Profit Dropped 19.4% in First Quarter of 2022

Maanshan Iron&Steel Company Limited,. (马鞍山钢铁股份有限公司) (600808.SH) reported a net profit of 1.3 billion yuan in the first quarter of 2022, down 19.4% year-on-year.

Meanwhile, the company posted 26.6 billion yuan in revenue, up 11.3% year-on-year.

At the end of the reporting period, it had 91 billion yuan in total assets and 52.2 billion yuan in total liabilities, with a liability-to-asset ratio of 57.4%.