Chongqing Iron&Steel Company Limited Posted 1 Billion Yuan Net Loss in 2022

Chongqing Iron&Steel Company Limited (重庆钢铁股份有限公司) (601005.SH) reported a net loss of 1 billion yuan in 2022, reversing a net profit of 2.3 billion yuan for the previous year.

Meanwhile, the company posted 36.6 billion yuan in revenue, down 8.3% year-on-year.

At the end of the reporting period, it had 39.4 billion yuan in total assets and 18 billion yuan in total liabilities, with a liability-to-asset ratio of 45.8%.