Baoshan Iron And Steel Co.,Ltd.’s Net Profit Dropped 54.4% in First Three Quarters of 2022

Baoshan Iron And Steel Co.,Ltd. (宝山钢铁股份有限公司) (600019.SH) reported a net profit of 11 billion yuan in the first three quarters of 2022, down 54.4% year-on-year.

Meanwhile, the company posted 278.3 billion yuan in revenue, up 1.6% year-on-year.

At the end of the reporting period, it had 399.4 billion yuan in total assets and 183.2 billion yuan in total liabilities, with a liability-to-asset ratio of 45.9%.