Sansteel Minguang Co.,Ltd.,Fujian Posted 168.9 Million Yuan Net Loss in First Half of 2023

Sansteel Minguang Co.,Ltd.,Fujian (福建三钢闽光股份有限公司) (002110.SZ) reported a net loss of 168.9 million yuan in the first half of 2023, reversing a net profit of 463.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 23.3 billion yuan in revenue, down 12.7% year-on-year.

At the end of the reporting period, it had 50.8 billion yuan in total assets and 29.7 billion yuan in total liabilities, with a liability-to-asset ratio of 58.4%.