Shanxi Taigang Stainless Steel Co.,Ltd.’s Net Profit Dropped 57.4% in First Half of 2022

Shanxi Taigang Stainless Steel Co.,Ltd. (山西太钢不锈钢股份有限公司) (000825.SZ) reported a net profit of 2 billion yuan in the first half of 2022, down 57.4% year-on-year.

Meanwhile, the company posted 50.4 billion yuan in revenue, up 6.4% year-on-year.

At the end of the reporting period, it had 70 billion yuan in total assets and 32.8 billion yuan in total liabilities, with a liability-to-asset ratio of 46.8%.