Chongqing Iron&Steel Company Limited Posted 271.3 Million Yuan Net Loss in First Three Quarters of 2022

Chongqing Iron&Steel Company Limited (重庆钢铁股份有限公司) (601005.SH) reported a net loss of 271.3 million yuan in the first three quarters of 2022, reversing a net profit of 2.9 billion yuan for the same period in the previous year.

Meanwhile, the company posted 25.7 billion yuan in revenue, down 19.2% year-on-year.

At the end of the reporting period, it had 39.6 billion yuan in total assets and 17.5 billion yuan in total liabilities, with a liability-to-asset ratio of 44.3%.