Aug 31, 2022 08:00 AM

Anyang Iron And Steel Co.,Ltd. Posted 887.2 Million Yuan Net Loss in First Half of 2022

By Caixin Automation

Anyang Iron And Steel Co.,Ltd. (安阳钢铁股份有限公司) (600569.SH) reported a net loss of 887.2 million yuan in the first half of 2022, reversing a net profit of 788.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 20.7 billion yuan in revenue, down 14.4% year-on-year.

At the end of the reporting period, it had 47.5 billion yuan in total assets and 36.8 billion yuan in total liabilities, with a liability-to-asset ratio of 77.4%.

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