Sansteel Minguang Co.,Ltd.,Fujian’s Net Profit Dropped 83.1% in First Half of 2022

Sansteel Minguang Co.,Ltd.,Fujian (福建三钢闽光股份有限公司) (002110.SZ) reported a net profit of 463.4 million yuan in the first half of 2022, down 83.1% year-on-year.

Meanwhile, the company posted 26.6 billion yuan in revenue, down 14.3% year-on-year.

At the end of the reporting period, it had 49.4 billion yuan in total assets and 27.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.