Chongqing Iron&Steel Company Limited’s Net Profit Dropped 80.9% in First Half of 2022

Chongqing Iron&Steel Company Limited (重庆钢铁股份有限公司) (601005.SH) reported a net profit of 516.4 million yuan in the first half of 2022, down 80.9% year-on-year.

Meanwhile, the company posted 18 billion yuan in revenue, down 20.5% year-on-year.

At the end of the reporting period, it had 39.9 billion yuan in total assets and 17 billion yuan in total liabilities, with a liability-to-asset ratio of 42.6%.