Beijing Shougang Co.,Ltd. Posted 50.1 Million Yuan Net Loss in First Quarter of 2023

Beijing Shougang Co.,Ltd. (北京首钢股份有限公司) (000959.SZ) reported a net loss of 50.1 million yuan in the first quarter of 2023, reversing a net profit of 1.2 billion yuan for the same period in the previous year.

Meanwhile, the company posted 28.7 billion yuan in revenue, down 9.9% year-on-year.

At the end of the reporting period, it had 142.4 billion yuan in total assets and 90.3 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.