Citic Pacific Special Steel Group Co.,Ltd.’s Net Profit Dropped 17.9% in First Half of 2023

Citic Pacific Special Steel Group Co.,Ltd. (中信泰富特钢集团股份有限公司) (000708.SZ) reported a net profit of 3.1 billion yuan in the first half of 2023, down 17.9% year-on-year.

Meanwhile, the company posted 58.3 billion yuan in revenue, up 12.5% year-on-year.

At the end of the reporting period, it had 114.4 billion yuan in total assets and 75.3 billion yuan in total liabilities, with a liability-to-asset ratio of 65.9%.