Citic Pacific Special Steel Group Co.,Ltd.’s Net Profit Dropped 8.7% in 2022

Citic Pacific Special Steel Group Co.,Ltd. (中信泰富特钢集团股份有限公司) (000708.SZ) reported a net profit of 7.1 billion yuan in 2022, down 8.7% year-on-year.

Meanwhile, the company posted 98.3 billion yuan in revenue, down 0.3% year-on-year.

At the end of the reporting period, it had 90.8 billion yuan in total assets and 54.3 billion yuan in total liabilities, with a liability-to-asset ratio of 59.9%.