Shandong Iron And Steel Co.,Ltd.’s Net Profit Dropped 52.1% in 2022

Shandong Iron And Steel Co.,Ltd. (山东钢铁股份有限公司) (600022.SH) reported a net profit of 1.4 billion yuan in 2022, down 52.1% year-on-year.

Meanwhile, the company posted 102.3 billion yuan in revenue, down 7.7% year-on-year.

At the end of the reporting period, it had 69 billion yuan in total assets and 37.2 billion yuan in total liabilities, with a liability-to-asset ratio of 53.9%.