Shandong Iron And Steel Co.,Ltd. Posted 288.2 Million Yuan Net Loss in First Quarter of 2023

Shandong Iron And Steel Co.,Ltd. (山东钢铁股份有限公司) (600022.SH) reported a net loss of 288.2 million yuan in the first quarter of 2023, reversing a net profit of 891.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 24.8 billion yuan in revenue, up 2.7% year-on-year.

At the end of the reporting period, it had 69.2 billion yuan in total assets and 37.6 billion yuan in total liabilities, with a liability-to-asset ratio of 54.4%.