Nanjing Iron&Steel Co.,Ltd.’s Net Profit Dropped 33.7% in First Half of 2023

Nanjing Iron&Steel Co.,Ltd. (南京钢铁股份有限公司) (600282.SH) reported a net profit of 1.1 billion yuan in the first half of 2023, down 33.7% year-on-year.

Meanwhile, the company posted 36.9 billion yuan in revenue, up 3.7% year-on-year.

At the end of the reporting period, it had 78.8 billion yuan in total assets and 48.6 billion yuan in total liabilities, with a liability-to-asset ratio of 61.7%.