Angang Steel Co.,Ltd. Posted 145 Million Yuan Net Loss in First Quarter of 2023

Angang Steel Co.,Ltd. (鞍钢股份有限公司) (000898.SZ) reported a net loss of 145 million yuan in the first quarter of 2023, reversing a net profit of 1.5 billion yuan for the same period in the previous year.

Meanwhile, the company posted 30.8 billion yuan in revenue, down 11.7% year-on-year.

At the end of the reporting period, it had 99.8 billion yuan in total assets and 41.1 billion yuan in total liabilities, with a liability-to-asset ratio of 41.2%.