Shanxi Taigang Stainless Steel Co.,Ltd. Posted 608.5 Million Yuan Net Loss in First Half of 2023

Shanxi Taigang Stainless Steel Co.,Ltd. (山西太钢不锈钢股份有限公司) (000825.SZ) reported a net loss of 608.5 million yuan in the first half of 2023, reversing a net profit of 2 billion yuan for the same period in the previous year.

Meanwhile, the company posted 53.7 billion yuan in revenue, up 6.6% year-on-year.

At the end of the reporting period, it had 71.3 billion yuan in total assets and 34.7 billion yuan in total liabilities, with a liability-to-asset ratio of 48.7%.