Nanjing Iron&Steel Co.,Ltd.’s Net Profit Dropped 45.2% in 2022

Nanjing Iron&Steel Co.,Ltd. (南京钢铁股份有限公司) (600282.SH) reported a net profit of 2.3 billion yuan in 2022, down 45.2% year-on-year.

Meanwhile, the company posted 70.7 billion yuan in revenue, down 7.7% year-on-year.

At the end of the reporting period, it had 74.7 billion yuan in total assets and 43.9 billion yuan in total liabilities, with a liability-to-asset ratio of 58.8%.