Angang Steel Co.,Ltd.’s Net Profit Dropped 97.2% in First Three Quarters of 2022

Angang Steel Co.,Ltd. (鞍钢股份有限公司) (000898.SZ) reported a net profit of 214 million yuan in the first three quarters of 2022, down 97.2% year-on-year.

Meanwhile, the company posted 100.8 billion yuan in revenue, down 6.7% year-on-year.

At the end of the reporting period, it had 94.7 billion yuan in total assets and 36 billion yuan in total liabilities, with a liability-to-asset ratio of 38%.