Xinjiang Ba Yi Iron&Steel Co.,Ltd. Posted 774.3 Million Yuan Net Loss in First Half of 2023

Xinjiang Ba Yi Iron&Steel Co.,Ltd. (新疆八一钢铁股份有限公司) (600581.SH) reported a net loss of 774.3 million yuan in the first half of 2023, widening 463.5% year-on-year.

Meanwhile, the company posted 11.2 billion yuan in revenue, down 14.4% year-on-year.

At the end of the reporting period, it had 30.5 billion yuan in total assets and 28.2 billion yuan in total liabilities, with a liability-to-asset ratio of 92.6%.