Maanshan Iron&Steel Company Limited Posted 583.4 Million Yuan Net Loss in First Quarter of 2023

Maanshan Iron&Steel Company Limited (马鞍山钢铁股份有限公司) (600808.SH) reported a net loss of 583.4 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 22.7 billion yuan in revenue, down 14.5% year-on-year.

At the end of the reporting period, it had 93.7 billion yuan in total assets and 61 billion yuan in total liabilities, with a liability-to-asset ratio of 65.1%.