Guangdong Zhongnan Iron&Steel Co.,Ltd.’s Net Profit Dropped 98.6% in First Half of 2023

Guangdong Zhongnan Iron&Steel Co.,Ltd. (广东中南钢铁股份有限公司) (000717.SZ) reported a net profit of 3.1 million yuan in the first half of 2023, down 98.6% year-on-year.

Meanwhile, the company posted 19.6 billion yuan in revenue, up 9.7% year-on-year.

At the end of the reporting period, it had 21.4 billion yuan in total assets and 12.3 billion yuan in total liabilities, with a liability-to-asset ratio of 57.6%.