Shanxi Taigang Stainless Steel Co.,Ltd. Posted 656.4 Million Yuan Net Loss in First Quarter of 2023

Shanxi Taigang Stainless Steel Co.,Ltd. (山西太钢不锈钢股份有限公司) (000825.SZ) reported a net loss of 656.4 million yuan in the first quarter of 2023, reversing a net profit of 1.3 billion yuan for the same period in the previous year.

Meanwhile, the company posted 25.9 billion yuan in revenue, up 11.6% year-on-year.

At the end of the reporting period, it had 74.3 billion yuan in total assets and 37.6 billion yuan in total liabilities, with a liability-to-asset ratio of 50.6%.