Angang Steel Co.,Ltd.’s Net Profit Dropped 66.9% in First Half of 2022

Angang Steel Co.,Ltd. (鞍钢股份有限公司) (000898.SZ) reported a net profit of 1.7 billion yuan in the first half of 2022, down 66.9% year-on-year.

Meanwhile, the company posted 70.3 billion yuan in revenue, down 2.8% year-on-year.

At the end of the reporting period, it had 96.2 billion yuan in total assets and 36 billion yuan in total liabilities, with a liability-to-asset ratio of 37.4%.