Sinosteel New Materials Co.,Ltd.’s Net Profit Dropped 3.1% in First Quarter of 2023

Sinosteel New Materials Co.,Ltd. (中钢天源股份有限公司) (002057.SZ) reported a net profit of 65.7 million yuan in the first quarter of 2023, down 3.1% year-on-year.

Meanwhile, the company posted 606.5 million yuan in revenue, down 12.7% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 32.3%.