Jiangsu Shagang Co.,Ltd.’s Net Profit Dropped 77.3% in First Quarter of 2023

Jiangsu Shagang Co.,Ltd. (江苏沙钢股份有限公司) (002075.SZ) reported a net profit of 82.4 million yuan in the first quarter of 2023, down 77.3% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 16.3% year-on-year.

At the end of the reporting period, it had 16.7 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 40.8%.