Jiangsu Shagang Co.,Ltd.’s Net Profit Dropped 73.7% in First Half of 2023

Jiangsu Shagang Co.,Ltd. (江苏沙钢股份有限公司) (002075.SZ) reported a net profit of 168.8 million yuan in the first half of 2023, down 73.7% year-on-year.

Meanwhile, the company posted 7.6 billion yuan in revenue, down 21.6% year-on-year.

At the end of the reporting period, it had 17.4 billion yuan in total assets and 7.6 billion yuan in total liabilities, with a liability-to-asset ratio of 43.4%.