Sansteel Minguang Co.,Ltd.,Fujian’s Net Profit Dropped 97.5% in First Three Quarters of 2022

Sansteel Minguang Co.,Ltd.,Fujian (福建三钢闽光股份有限公司) (002110.SZ) reported a net profit of 84.1 million yuan in the first three quarters of 2022, down 97.5% year-on-year.

Meanwhile, the company posted 39.9 billion yuan in revenue, down 17.9% year-on-year.

At the end of the reporting period, it had 50.8 billion yuan in total assets and 29.4 billion yuan in total liabilities, with a liability-to-asset ratio of 57.9%.