Inner Mongolia Baotou Steel Union Co.,Ltd.’s Net Profit Dropped 93% in First Half of 2022

Inner Mongolia Baotou Steel Union Co.,Ltd. (内蒙古包钢钢联股份有限公司) (600010.SH) reported a net profit of 219.4 million yuan in the first half of 2022, down 93% year-on-year.

Meanwhile, the company posted 41.1 billion yuan in revenue, up 4.1% year-on-year.

At the end of the reporting period, it had 152.1 billion yuan in total assets and 88.9 billion yuan in total liabilities, with a liability-to-asset ratio of 58.4%.