Xinjiang Ba Yi Iron&Steel Co.,Ltd. Posted 1.4 Billion Yuan Net Loss in 2022

Xinjiang Ba Yi Iron&Steel Co.,Ltd. (新疆八一钢铁股份有限公司) (600581.SH) reported a net loss of 1.4 billion yuan in 2022, reversing a net profit of 1.2 billion yuan for the previous year.

Meanwhile, the company posted 23 billion yuan in revenue, down 25.4% year-on-year.

At the end of the reporting period, it had 29.7 billion yuan in total assets and 26.7 billion yuan in total liabilities, with a liability-to-asset ratio of 89.9%.