Nanjing Iron&Steel Co.,Ltd.’s Net Profit Dropped 42% in First Quarter of 2023

Nanjing Iron&Steel Co.,Ltd. (南京钢铁股份有限公司) (600282.SH) reported a net profit of 431.3 million yuan in the first quarter of 2023, down 42% year-on-year.

Meanwhile, the company posted 17.9 billion yuan in revenue, up 3.4% year-on-year.

At the end of the reporting period, it had 76.8 billion yuan in total assets and 45.7 billion yuan in total liabilities, with a liability-to-asset ratio of 59.5%.