Shanxi Taigang Stainless Steel Co.,Ltd.’s Net Profit Dropped 97.7% in 2022

Shanxi Taigang Stainless Steel Co.,Ltd. (山西太钢不锈钢股份有限公司) (000825.SZ) reported a net profit of 145.1 million yuan in 2022, down 97.7% year-on-year.

Meanwhile, the company posted 97.7 billion yuan in revenue, down 3.7% year-on-year.

At the end of the reporting period, it had 72.9 billion yuan in total assets and 35.5 billion yuan in total liabilities, with a liability-to-asset ratio of 48.7%.