Maanshan Iron&Steel Company Limited’s Net Profit Dropped 67.9% in First Half of 2022

Maanshan Iron&Steel Company Limited (马鞍山钢铁股份有限公司) (600808.SH) reported a net profit of 1.6 billion yuan in the first half of 2022, down 67.9% year-on-year.

Meanwhile, the company posted 56.4 billion yuan in revenue, down 0.9% year-on-year.

At the end of the reporting period, it had 94.9 billion yuan in total assets and 59 billion yuan in total liabilities, with a liability-to-asset ratio of 62.2%.