Inner Mongolia Baotou Steel Union Co.,Ltd.’s Net Profit Dropped 75.3% in First Quarter of 2023

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 profit of 59.6 million yuan in the first quarter of 2023, down 75.3% year-on-year.

Meanwhile, the company posted 17.1 billion yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 148.7 billion yuan in total assets and 87.1 billion yuan in total liabilities, with a liability-to-asset ratio of 58.6%.