Anyang Iron And Steel Co.,Ltd. Posted 2 Billion Yuan Net Loss in First Three Quarters of 2022

Anyang Iron And Steel Co.,Ltd. (安阳钢铁股份有限公司) (600569.SH) reported a net loss of 2 billion yuan in the first three quarters of 2022, reversing a net profit of 1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 29.8 billion yuan in revenue, down 21% year-on-year.

At the end of the reporting period, it had 45.4 billion yuan in total assets and 36 billion yuan in total liabilities, with a liability-to-asset ratio of 79.3%.