Jiangsu Shagang Co.,Ltd.’s Net Profit Dropped 54.1% in First Three Quarters of 2022

Jiangsu Shagang Co.,Ltd. (江苏沙钢股份有限公司) (002075.SZ) reported a net profit of 727.5 million yuan in the first three quarters of 2022, down 54.1% year-on-year.

Meanwhile, the company posted 13.9 billion yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 16.5 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 39.1%.