Inner Mongolia Baotou Steel Union Co.,Ltd. Posted 1.4 Billion Yuan Net Loss in 2022

Inner Mongolia Baotou Steel Union Co.,Ltd. (内蒙古包钢钢联股份有限公司) (600010.SH) reported a net loss of 1.4 billion yuan in 2022, reversing a net profit of 3.2 billion yuan for the previous year.

Meanwhile, the company posted 72.2 billion yuan in revenue, down 16.3% year-on-year.

At the end of the reporting period, it had 146.7 billion yuan in total assets and 85.3 billion yuan in total liabilities, with a liability-to-asset ratio of 58.2%.