Inner Mongolia Baotou Steel Union Co.,Ltd. Posted 1.2 Billion Yuan Net Loss in First Three Quarters of 2022

Inner Mongolia Baotou Steel Union Co.,Ltd. (内蒙古包钢钢联股份有限公司) (600010.SH) reported a net loss of 1.2 billion yuan in the first three quarters of 2022, reversing a net profit of 4.3 billion yuan for the same period in the previous year.

Meanwhile, the company posted 58.2 billion yuan in revenue, down 9% year-on-year.

At the end of the reporting period, it had 147.9 billion yuan in total assets and 85.9 billion yuan in total liabilities, with a liability-to-asset ratio of 58.1%.