Maanshan Iron&Steel Company Limited’s Net Profit Dropped 90.5% in First Three Quarters of 2022

Maanshan Iron&Steel Company Limited (马鞍山钢铁股份有限公司) (600808.SH) reported a net profit of 676.7 million yuan in the first three quarters of 2022, down 90.5% year-on-year.

Meanwhile, the company posted 79.3 billion yuan in revenue, down 7.6% year-on-year.

At the end of the reporting period, it had 93.4 billion yuan in total assets and 58.5 billion yuan in total liabilities, with a liability-to-asset ratio of 62.6%.