Nanjing Iron&Steel Co.,Ltd.’s Net Profit Dropped 40.5% in First Three Quarters of 2022

Nanjing Iron&Steel Co.,Ltd. (南京钢铁股份有限公司) (600282.SH) reported a net profit of 2.2 billion yuan in the first three quarters of 2022, down 40.5% year-on-year.

Meanwhile, the company posted 52.6 billion yuan in revenue, down 12% year-on-year.

At the end of the reporting period, it had 71.8 billion yuan in total assets and 41 billion yuan in total liabilities, with a liability-to-asset ratio of 57.1%.