Shandong Iron And Steel Co.,Ltd.’s Net Profit Dropped 44.4% in First Half of 2022

Shandong Iron And Steel Co.,Ltd. (山东钢铁股份有限公司) (600022.SH) reported a net profit of 1.8 billion yuan in the first half of 2022, down 44.4% year-on-year.

Meanwhile, the company posted 53.6 billion yuan in revenue, down 9% year-on-year.

At the end of the reporting period, it had 73 billion yuan in total assets and 40.9 billion yuan in total liabilities, with a liability-to-asset ratio of 55.9%.