Sansteel Minguang Co.,Ltd.,Fujian Posted 65 Million Yuan Net Loss in First Quarter of 2023

Sansteel Minguang Co.,Ltd.,Fujian (福建三钢闽光股份有限公司) (002110.SZ) reported a net loss of 65 million yuan in the first quarter of 2023, reversing a net profit of 535.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 12 billion yuan in revenue, down 6.8% year-on-year.

At the end of the reporting period, it had 49 billion yuan in total assets and 27.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56.4%.