Shanghai Baosteel Packaging Co,.Ltd.’s Net Profit Dropped 14.9% in First Half of 2022

Shanghai Baosteel Packaging Co,.Ltd. (上海宝钢包装股份有限公司) (601968.SH) reported a net profit of 141.7 million yuan in the first half of 2022, down 14.9% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, up 20.3% year-on-year.

At the end of the reporting period, it had 9.4 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 59.5%.