Shandong Iron And Steel Co.,Ltd.’s Net Profit Dropped 76.4% in First Three Quarters of 2022

Shandong Iron And Steel Co.,Ltd. (山东钢铁股份有限公司) (600022.SH) reported a net profit of 1 billion yuan in the first three quarters of 2022, down 76.4% year-on-year.

Meanwhile, the company posted 76.6 billion yuan in revenue, down 12.3% year-on-year.

At the end of the reporting period, it had 69.3 billion yuan in total assets and 37.9 billion yuan in total liabilities, with a liability-to-asset ratio of 54.7%.