Apr 01, 2023 08:00 AM

Maanshan Iron&Steel Company Limited Posted 819.9 Million Yuan Net Loss in 2022

By Caixin Automation

Maanshan Iron&Steel Company Limited (马鞍山钢铁股份有限公司) (600808.SH) reported a net loss of 819.9 million yuan in 2022, reversing a net profit of 6 billion yuan for the previous year.

Meanwhile, the company posted 102.2 billion yuan in revenue, down 10.3% year-on-year.

At the end of the reporting period, it had 96.9 billion yuan in total assets and 63.6 billion yuan in total liabilities, with a liability-to-asset ratio of 65.6%.

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