Nanjing Iron&Steel Co.,Ltd.’s Net Profit Dropped 30.6% in First Half of 2022

Nanjing Iron&Steel Co.,Ltd. (南京钢铁股份有限公司) (600282.SH) reported a net profit of 1.6 billion yuan in the first half of 2022, down 30.6% year-on-year.

Meanwhile, the company posted 34.9 billion yuan in revenue, down 9.6% year-on-year.

At the end of the reporting period, it had 67.9 billion yuan in total assets and 37.6 billion yuan in total liabilities, with a liability-to-asset ratio of 55.3%.