Shanxi Taigang Stainless Steel Co.,Ltd.’s Net Profit Dropped 85.1% in First Three Quarters of 2022

Shanxi Taigang Stainless Steel Co.,Ltd. (山西太钢不锈钢股份有限公司) (000825.SZ) reported a net profit of 1 billion yuan in the first three quarters of 2022, down 85.1% year-on-year.

Meanwhile, the company posted 73.7 billion yuan in revenue, down 1.3% year-on-year.

At the end of the reporting period, it had 74.2 billion yuan in total assets and 37.6 billion yuan in total liabilities, with a liability-to-asset ratio of 50.7%.